722 Articles 85,163 Followers
$8.20
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.
19 Apr 2020 3 minute read 5 comments CryptoNewbies
This is the new entry of a series of blog posts i will do, they will target new people on the cryptocurrency community. In this post i will talk about decentralized exchanges and will teach you how to use the one i find easier for new crypto users, U...
4 Nov 2020 1 minute read 2 comments Nas.A
Uniswap and My Experiences... Uniswap is Ethereum-based Ethereum protocol that emerged for the purpose of exchanging ERC-20 tokens. Uniswap has a decentralized structure. It works with a design called Constant Product Market Maker, which is...
30 Jan 2023 1 minute read 0 comments Candlestick
Candlestick Empowers You To Hop On the Meme Surge Tour Meme tokens surge on these 2 days. $TYRANT, $SHI, $FLOKI, $SHIL, $HOICHI etc. From Top Net Buy Value by Smart 💰 token list, it can tell Candlestick Smart 💰 built positions on meme tokens day...
19 Jun 2023 1 minute read 2 comments bitbucket
In the earlier guide, I mentioned how decentralized exchanges work perfectly fine with Metamask. This will be on safeguarding your coins while using DEXs and avoiding phishing scams. Decentralized exchanges are also the home for spyware attacks, sc...
22 Feb 2023 2 minute read 2 comments CryptoHott
What is LooksRare (LOOKS) LooksRare is the community-first NFT marketplace. Buy & Sell NFTs, Get Rewards. Traders, collectors, and creators get rewards from LooksRare for active participation. Part of being community-first means that LooksRare r...
6 Nov 2022 1 minute read 2 comments Joao16
For more content like this tip me if you can! thank u :) Solana Analysis Sol is doing quite nice after a long period of sideways is now trying to break 40$ and make support to then go to 50 if BTC does not go down in the next days. UNI Analysis UN...
3 Aug 2022 5 minute read 6 comments UniFarm
Have you heard of Decentraland or UniSwap? These are some of the major DAOs that have rapidly become the burning topic of conversation throughout the cryptoverse. However, for a layman, DAOs and the basic understanding around them are still unco...
13 Jul 2022 3 minute read 3 comments UniFarm
The bearish market sentiments have led to many investors and their crypto assets bowing down to the huge price decline. All of us must be aware of the Luna Market Crash that even resulted in Luna getting delisted from multiple exchanges. Such market...
13 Mar 2022 1 minute read 2 comments Joao16
For more content like this tip me if you can! thank u :) DOT Analysis DOT is holding very nicely on the 16$ support but is at the same time getting a good resistence, because of that and because BTC is also goind sideways i would say this month i...
8 Aug 2023 4 minute read 2 comments Michael @ CryptoEQ
You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...
