Uniswap (UNI)

699 Articles 76,239 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 Build A Better Position Than Smart Money?

12 Sep 2022 1 minute read 0 comments Candlestick

  How To Build A Better Position Than Smart Money? Candlestick Smart Money are selected based on an algorithm of win/loss ratios, profit ratios & asset volume, etc. And they are proven to be Smart to gain decent profits in the previous cas...

My Experience With Stronghands Money

8 Sep 2022 2 minute read 1 comment The DeFi Prince

Welcome back to my humble blog! Today I will be discussing my experience with the Stronghands Money protocol on Cronos, and its different components. In my personal opinion, this project has amazing potential due to its die-hard community, relentles...

💎 The Next Gem? TSUKA Top 1 Holder Joegrower420.eth Bought SUZUME

23 Aug 2022 1 minute read 0 comments Candlestick

  Quick Take You don’t need to be the smartest one to profit but follow the group of the smartest. 👉Top Smart Money Net Buy Tokens     Gem Hunt Step 1 - Smart Money Top Net Buy Value Token List $SUZUME in the Smart Money 1- hour...

DAO: 5 Things Everyone Should Know About Them

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...

How to Make Money with NFTs You Already Own?

26 Jul 2022 4 minute read 0 comments UniFarm

You may have heard of people becoming millionaires, just by creating NFTs out of their best and most prideful works. At first, making money with NFTs may sound absurd to you but it is true. Being an owner of an impressive NFT art can earn you huge am...

😎 How to capture crypto bullish and bearish signals?

20 Jul 2022 2 minute read 2 comments Candlestick

  This is a quick guidebook for identifying bullish & bearish signals of 14 token metrics on Candlestick.   30+ tokens charts and metrics, Real-time Trade Feeds, and Actionable Bullish & Bearish Signals, all of which you can get in Candlestick. This...

🍳 GEM Radar 07/19 - TSUKA, FXS & MATIC

19 Jul 2022 1 minute read 1 comment Candlestick

    Top Gainers 1D TSUKA is the No.1 Top Gainer today, +87.57%.  We alerted it bullish signal on Jul 15 and yesterday. Hope you have got on board and enjoy the profit!   👉 Top Gainers in Last 1 H     Top Net Buy Value Tokens...

How to earn Bluechip & Index Token In Bear?

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...

Uniswap Under Attack: $8M Lost in ETH as Users Succumb to Phishing

13 Jul 2022 1 minute read 4 comments DailyCoin

Visit DailyCoin for more articles Over the span of the phishing attack, 7,500 ETH was snatched in NFT positions on the liquidity pool. Binance CEO Changpeng “CZ” Zhao, and Uniswap founder Hayden Adams confirm that the “protocol is safe”. Uniswap...

Uniswap Users Scammed | Bitcoin Expected To Drop To $10,000 According to New Survey...

12 Jul 2022 1 minute read 0 comments busyjordy

CRYPTO CORNER EPISODE 511 Market Analysis, Updates, News & Reviews In today's episode I discuss the latest hot topics in crypto:►More than $4.7M dollars were stolen in a fake token phishing attack on Uniswap►Crypto markets plunge to previous lows aga...