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Uniswap Launches Continuous Clearing Auction Protocol for New token Projects

Uniswap Launches Continuous Clearing Auction Protocol for New token Projects

Whenever new project launches often the token distributions are unfair and a lot of top management takes the cut and the tokens collapse like a rug pull. Which is unfair practices for some public facing projects. And this is something Uniswap wishes to change in upcoming times. 

And they launched the CCA protocol which is continuous clearing auction protocol. 

This protocol would make it easier for launching new tokens, getting the liquidity with safety for both sides, find a credible market price. And that means being on-chain for the public would also bring the positive results which is what we want. Which also means soon the DEX and the tokens which are into DEFI would benefit from that as well. 

This is a good news for the developers and the teams launching the tokens this is going to make life a lot more interesting for the people to trust on tokens in upcoming times. 

You can check out the post here. 

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Novasky
Novasky

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