TransparentBusiness Inc., operating under the name Unicoin, has filed a trademark lawsuit against Universal Navigation Inc., doing business as Uniswap Labs, in the U.S. District Court for the Southern District of New York.
The complaint, filed Tuesday, seeks a judicial declaration that Unicoin's UNICOIN mark does not infringe upon or dilute Uniswap's claimed UNI, UNISWAP and UNICHAIN marks. It also asks the court to cancel the United States trademark registration for UNI held by Uniswap.
According to the filing, Uniswap's counsel issued three demand letters on June 3, July 17 and August 14, accusing Unicoin of trademark infringement, dilution, cybersquatting and unfair competition, and threatening additional legal action. The letters demanded that Unicoin cease using the UNICOIN mark and other UNI-formative identifiers, transfer the unicoin.com and unicoin.org domains, provide an accounting of revenue and profits, and reimburse Uniswap's legal fees.
The complaint additionally seeks a declaration that the unicoin.com and unicoin.org domains do not violate the federal Anti-Cybersquatting Consumer Protection Act.
Uniswap was approached for comment. At the time of writing, DeFiLlama ranked the Uniswap protocol as the largest decentralized exchange by 24-hour trading volume, recording more than $3.9 billion.
The lawsuit was filed weeks before Unicoin's Sept. 28 public launch date for its UNCN token, as listed on its website.
