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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.
13 Apr 2022 2 minute read 6 comments Eddyc
Greetings friends; With bold joy that I present the most well-regarded and daring protocol in the crypto world. In its development there was v1, v2 and currently v3 but my goal is not to explain what we can find in the access links and I recommend...
15 Mar 2022 1 minute read 5 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 $10! Or simply...
13 Mar 2022 1 minute read 2 comments Joao16
For more content like this tip me if you can! thank u :) DOT Analysis DOT is holding very nicely on the 16$ 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...
9 Mar 2022 2 minute read 0 comments Kromatika
It's been 3 months since Kromatika protocol was launched as the first decentralized limit order manager powered by UniswapV3. During those months, the team has completed a live deployment on Optimism,Arbitrum, and Mainnet. Kromatika has brought a...
6 Mar 2022 1 minute read 7 comments Joao16
For more content like this tip me if you can! thank u :) LINK Analysis Link once again reject EMA21 and is almost losing the last support which means it could go to 10$ until the end of the month. In my opinion when BTC goes to 30K to test the b...
27 Feb 2022 1 minute read 5 comments Joao16
I can't start this post without sending prays to ukraine, I hope this nightmare ends sooner than we expect. LINK Analysis Like BTC, LINK seems to be rejecting the new resistence on 15$ that could mean lower prices, but i would pay more attention...
20 Feb 2022 1 minute read 4 comments Joao16
For more content like this tip me if you can! thank u :) LINK Analysis Link reject for the 3rd time and is testing a lower support (15$) and then depending on how btc will react Link will follow. Link will probably in my opinion break the 15$ suppo...
13 Feb 2022 1 minute read 7 comments Joao16
For more content like this tip me if you can! thank u :) LINK Analysis Link reject 19$ and EMA56 and is probably going to test lower supports like 15$ or 13$ maybe 10$ and then depending on how btc will react when it gets to 30k Link will kinda do...
12 Feb 2022 1 minute read 2 comments amberbyers
Meme coins are the future. At least that's what I believe. I know Doge is the most famous of the meme coins, followed fairly closely by SHIB (at least in social media presence) but both of those are dog-themed coins, and like I said in my previous ar...
7 Feb 2022 1 minute read 0 comments Cryptotexty
Some of my readers might have seen Cryptoroyale game review which I published recently. I continue to research different projects, and for these purposes, I played that game. It took me some time to earn 20 ROY tokens. In the video I withdrew directl...
