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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.
20 Oct 2020 7 minute read 6 comments Dave Sawyer
Hey cryptofans, we adore you. And your kids and friends and parents, too! Thanks for starting to try to separate church from state from money. At first glance, DEXToken seemed to be another real head scratcher. DEXtoken thinking popped up in 201...
20 Oct 2020 1 minute read 0 comments Rollerkid
The first Corda Network digital currency called XDC has been launched by Cordite Society Ltd, a UK-registered co-operative society leveraging the existing UK legal structure for mutual societies to operate a digital currency, and providing the first...
20 Oct 2020 1 minute read 0 comments Rollerkid
In honour of the upcoming listing of the new DeFi token COMP (Compound), we are announcing a massive trading battle of traders. Choose your side — UNI or COMP and get ready for the battle. Invite friends to your team, use the referral link, and earn...
20 Oct 2020 1 minute read 1 comment author_nan
The voting period for Uniswap’s first governance proposal ended on October 19, with it failing to pass as the total number of votes failed to reach the quorum threshold. While the vast majority have voted in favor of the proposal, it has failed to r...
19 Oct 2020 1 minute read 0 comments FrenchLegalAspect
Hey folks, Just a little post to inform you that Compound recently added two new tokens to Compound. These are really recent tokens as it were released some month ago : UNI and COMP. Now you can supply 10 differents token in Compound as SAI is n...
19 Oct 2020 1 minute read 4 comments Presearch
The Presearch Community is excited to announce that Presearch PRE tokens are now available for purchase and sale on the largest decentralized crypto marketplace, Uniswap. Following the recent PRE token swap conducted to combat the KuCoin hack, the n...
19 Oct 2020 1 minute read 0 comments Notmeys
Sometimes using exchanges is troublesome. ✅The first big barrier is the registration and verification process. It requires us to spend some time, and then we still have to wait for verification. Sometimes even several days. ✅Secondly, as you can...
19 Oct 2020 1 minute read 5 comments alquimista1501
Cryptos have changed enormously in recent years, their concept, perception, shape and dynamics are constantly changing and their relationship with the world is aligned with the clearly visible needs of the population. One of the points that started e...
18 Oct 2020 1 minute read 4 comments ircrp
As of 18th of October 2020 the upgrade branded by Monero as Oxygen Orion has finally went live as planned, exactly two months after being first announced by the Core Developers. The upgrade focuses on new technological changes most notably deliveri...
18 Oct 2020 1 minute read 0 comments Suryakantdalai
Remember to read the date of this post carefully. In this post, you will get the live price of daily UNI. We also provide you with the UNI's market capitalization, weekly, monthly value, trading volume, peak and lowest prices and trading volume. We a...
