TransparentBusiness Inc., which operates as Unicoin, has filed suit against Universal Navigation Inc., the company doing business as Uniswap Labs, in the US District Court for the Southern District of New York. The complaint asks the court to declare that Unicoin’s UNICOIN mark does not infringe or dilute the UNI, UNISWAP and UNICHAIN marks claimed by Uniswap. It also seeks cancellation of the US trademark registration for UNI.
According to the filing, counsel for Uniswap sent three demand letters on June 3, July 17 and Aug. 14, ahead of Unicoin’s Sept. 28 launch date. The letters accused Unicoin of trademark infringement, dilution, cybersquatting and unfair competition. They also demanded that Unicoin stop using UNICOIN and other UNI-formative marks, transfer the unicoin.com and unicoin.org domains, provide an accounting of revenue and profits, and reimburse Uniswap’s legal fees.
The complaint separately asks for a declaration that the two domains do not violate the federal Anti-Cybersquatting Consumer Protection Act. Cointelegraph said it had contacted Uniswap for comment. At the time of writing, DeFiLlama ranked Uniswap first among decentralized exchanges by 24-hour volume, at more than $3.9 billion.
TransparentBusiness Inc., which does business as Unicoin, has sued Universal Navigation Inc., the entity operating as Uniswap Labs, in the US District Court for the Southern District of New York. The company is asking the court to rule that its UNICOIN mark does not infringe or dilute the marks Uniswap claims.
The complaint, filed Tuesday, says the UNICOIN mark does not infringe or dilute Uniswap’s claimed UNI, UNISWAP and UNICHAIN marks. It also asks the court to cancel the US trademark registration for UNI.
Three demand letters listed in the complaint
According to the filing, counsel for Uniswap sent three letters on June 3, July 17 and Aug. 14 before Unicoin’s Sept. 28 launch. The letters accused Unicoin of trademark infringement, dilution, cybersquatting and unfair competition, and warned of additional legal action.
The complaint says those letters demanded that Unicoin stop using UNICOIN and other UNI-formative marks, transfer the unicoin.com and unicoin.org domains, provide an accounting of revenue and profits, and reimburse Uniswap’s legal fees.
Complaint also seeks a ruling on the domains
Unicoin is also seeking a declaration that the unicoin.com and unicoin.org domains do not violate the federal Anti-Cybersquatting Consumer Protection Act.
Cointelegraph said it had approached Uniswap for comment on the lawsuit.
Filed weeks before UNCN public launch
The case was filed weeks before the Sept. 28 public launch date listed on Unicoin’s website for the UNCN token. At the time of writing, DeFiLlama ranked the Uniswap protocol first among decentralized exchanges by 24-hour volume, at more than $3.9 billion.
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