Uniswap (UNI)

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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.


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...

🍳 GEM Radar 07/12 - AST, UNI, & FTT.

12 Jul 2022 1 minute read 0 comments Candlestick

    AST - Listing on Coinbase Today. How to sniff signals ahead of others? Candlestick recorded multiple deposits to Coinbase from the same address 0x67f8…087b started 2 days ago. It is a hidden signal of Coinbase listing definitely.    ...

API3: Connecting the world in a subtle and pleasant way

29 Jun 2022 3 minute read 0 comments Eddyc

  Greetings Friends; Connection is a word that predates the famous and feared Singularity a word and a concept that according to Elon Musk the world will become more connected taking the planet to another level. Can we encompass these advances in We...

How Many People ACTUALLY Use Uniswap (UNI) Right Now??

27 Jun 2022 2 minute read 2 comments Michael @ CryptoEQ

If you want more cryptocurrency analysis including full-length research reports, trading signals, and social media sentiment analysis, use the code "Publish0x" when subscribing to CryptoEQ.io to make your first month of CryptoEQ just $10! Or simply...

7 High-Paying Yield Farming Platforms to Check Out Now!

27 Jun 2022 4 minute read 0 comments UniFarm

Since the year 2020, yield farming has been a hot topic in the decentralized finance world. It has become a way to go for investors looking to gain maximum profits from their owned cryptocurrencies and other crypto-based assets. As a beginner, the co...

Uniswap Fees Overtake Ethereum Fees; Moody's Downgrades Coinbase

24 Jun 2022 3 minute read 2 comments Allen Taylor

Uniswap has surpassed Ethereum in network fees. Harmony was hacked and thieves got away with $100 million in ETH, and Optimism lost 20 million tokens in Interlayer snafu. A new Chainalysis report shows that, despite an increase in Layer 1 blockchains...

How Can Uniswap (UNI) V3 Continue to Make Money in a Bear Market??

23 Jun 2022 5 minute read 3 comments Michael @ CryptoEQ

If you want more cryptocurrency analysis including full-length research reports, trading signals, and social media sentiment analysis, use the code "Publish0x" when subscribing to CryptoEQ.io to make your first month of CryptoEQ just $10! Or simply...

🎉 Candlestick Public Launched! Opportunity Radar Built By Traders, For Traders (Yes we like FTX!) 😎

9 Jun 2022 4 minute read 0 comments Candlestick

    This is the story of us building Candlestick.io.     9X Is Just The Begining   Our story with blockchain data analytics starts at the end of 2020. Nearly missed the whole DeFi summer, we’ve caught on $BADGER (& $DIGG). That’s when we realized th...

What is a DAO in Crypto?

7 Jun 2022 3 minute read 2 comments GetBlock

The ‘DAO’ is a concept based on blockchain technology, which eliminates the need for a central governing authority. Recently, DAOs have been getting quite a lot of attention from developers. Let’s try to explain what having a DAO means in the crypto...

😎 How to use turnover rate to validate the uptrend?

5 Jun 2022 1 minute read 2 comments Candlestick

  The Turnover Rate indicator is an exclusive token metric only available on Candlestick.   In general, The Turnover Rate can reflect the activity status of traders on decentralized exchanges. According to historical data, the all-time high peak of...