Uniswap (UNI)

615 Articles 53,721 Followers

UNI is the governance token behind Uniswap - a decentralized exchange that launched in November 2018. It created by Hayden Adams after being inspired by a post from Vitalik Buterin (Ethereum co-founder) suggesting for developers to create this kind of platform. 

The Uniswap Protocol, built on top of the Ethereum blockchain, allows users to easily swap between any ERC-20 token in a completely decentralized manner. This means that users have the option to easily trade Ethereum-based tokens directly from their own personal wallets without the need to give up custody of their funds throughout the entire process.

It can be described as an Automated Market Maker as it allows users to provide liquidity to the pools on Uniswap in order to allow the trades to be facilitated. As a result, the Liquidity Providers can gain commissions from the exchange fees when trades are conducted on their pools. Currently, the exchange fee is set to 0.4% per trade which is distributed amongst the liquidity providers. 

The protocol consists of two smart contracts on top of the Ethereum blockchain, the Factory contract, and the Exchange contract, that are both totally open-source - meaning anybody can take a look at the code and conduct their own review of it to make sure there are no bugs or ‘backdoors’. 

The UNI token, the governance token for the Uniswap Exchange, was air-dropped to users on September 17th, 2020. It was distributed to traders that had used the Uniswap exchange before September 2020 in batches of 400 UNI tokens without any announcement. 

One billion UNI were minted, 60% of which were distributed to Uniswap users. 21.51% was allocated for team members and future employees, 17.8% to investors, and the remaining 0.069% was allocated to advisors.

In this tag, you can discover UNI (UNI) news, price prediction, opinion, and analysis created by users.

How To Use Uniswap.io (featuring Unibright $UBT)

23 Jan 2020 1 minute read 0 comments Dan

Uniswap.io a decentralised exchange where you can swap any ERC20 token for Ethereum or other ERC20. Or vice versa. Using Liquidity Pools. It is available worldwide and has no KYC restrictions at present.   How it works Uniswap is made up of a series...

TELOS (TLOS) UniSwap Listing: More Exposure To The Most Powerful Blockchain's Token

19 Feb 2021 4 minute read 0 comments fycee

If the Phase 1 of the TULIP was a success bringing the TLOS price from $0.04 to a steady $0.25 (even reached $0.36) then there's more to come since the Phase 2 is about to happen this March! Bounce.Finance is a Decentralized Auction Protocol. A swap...

Telos is coming to Uniswap after the successful T-Bond Sale

10 Feb 2021 2 minute read 0 comments Cryptotexty

TELOS T-Bonds sale has been completed as a huge success. In just over 10 days, all Telos T-Bonds were sold out, raising a grand total of 6.58184352 BTC. This amount was above the planned target and now the Telos team moves to the second phase two of...

What TELOS (TLOS) Did To Increase Its MarketCap to 300% In Just A Month?

31 Jan 2021 3 minute read 1 comment fycee

Imagine a Blockchain way more powerful and faster than Ethereum does not have any visibility in the trading platforms.   The Telos Uniswap Liquidity Implementation Plan (TULIP) - The Solution To LOW Liquidity For TLOS     Telos is considered to be t...

Some Airdrops are Evil

24 Jul 2021 2 minute read 6 comments ircrp

Not every token that makes it into your wallet is there to make you a bit more rich, in fact in some cases quite the opposite. This was literally the case during 23rd of July 2021 when thousands of Etherum Wallet addresses were airdropped with a bran...

Uniswap may be fined at least $540M for its airdrop by the IRS

14 Feb 2022 2 minute read 0 comments ScreenTag

Uniswap may be be facing a huge tax bill for the airdrop took place from September 2020, until May 2021 - totaling at least $370M in withheld taxation, plus at least $170M in fines. This may come on top of the result of the SEC ongoing investigation....

Claim 400 UNI if you swapped on UNISWAP before 1 September

17 Sep 2020 1 minute read 0 comments cLEarn

Claim your 400 UNI from Uniswap.orgDo it via Trustwallet Dapps : 1. Copy your ETH wallet address 2. Go to DAPPS and type uniswap.exchange 3. Click on the three dotted lines by the right down part of your screen 4. Click on 'ClaimUNI' 5. Input your E...

UniSwap Airdrop - Sowing $SOY

11 Nov 2021 1 minute read 0 comments SOY Finance 🌱

    Few Words About SOY Finance Backed by the most experienced crypto-security experts, SOY Finance is a DeFi platform for easy and safe trading. Newbies and casuals alike will appreciate the intuitive technologies such as the “1-Click Swap”, while...

Sommelier, the finest Wine in your Cellar?

1 Feb 2022 1 minute read 0 comments It's Lexy

Hello everyone, I just had some wine Bottles.... Uhhm I mean.. $SOMM Tokens in my wallet from an airdrop of this project I didn't know anything about. So I went to the Cellars and looked at my Bottles and Infographics to bring you some good Informati...

PSA - Mirror Finance Airdop for Uniswap Holders

26 Dec 2020 1 minute read 0 comments ExponentialOne

Short and sweet post with information you may have seen here and there (but was recently news to me). If you held 100 UNI tokens on 11/23, you may be eligible for a Mirror Finance token airdrop on Ethereum. News broke a few weeks ago for this, but so...