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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.
10 Oct 2020 1 minute read 0 comments nealmcspadden
Originally Posted Using LeoFinance So you may have heard that the first LEO bounties for providing liquidity in the wLEO pool was paid out the other day. It's awesome. I park money and get paid! I have a lot of LEO though, and I wanted to diversify...
10 Oct 2020 1 minute read 2 comments Airdrop Dedective
Uniswap X is an upgrade to the native uniswap project, giving it the scalability and security it needs to serve all of humanity and implementation of proof-of-stake (POS). Introducing UNISWAPX Calling in the Crypto World! Claim UNIX as your privilege...
10 Oct 2020 1 minute read 2 comments nealmcspadden
During last night's AMA with @aggroed, @jarvie was asking how the price of DEC was determined now that the game is using the Uniswap pool. In this video I go through how that is calculated. Uniswap is actually very simple. You have two assets that a...
10 Oct 2020 2 minute read 2 comments alquimista1501
The pandemic and its effects have dealt a severe blow to people's everyday life, many unexpected changes and an adaptation that makes many uncomfortable but cannot be avoided, are the hallmark of the new normal that is defined under a uniform accepta...
9 Oct 2020 1 minute read 2 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...
9 Oct 2020 2 minute read 0 comments alquimista1501
An interesting topic of great depth and given the conditions in which we are currently immersed, it would not be unreasonable to think that more than one country is thinking of placing this option on the table. I think it is one of the best known and...
8 Oct 2020 1 minute read 0 comments moon333
Hey, friends hope you are well and welcome the new update on the Uniswap token. In this video you will watch how: Priceline of UNI token has broken down all SMAs on 4-hour chart with a time period of 25, 50, and 100. Click here to create an ac...
8 Oct 2020 1 minute read 0 comments Interdax
Interdax is pleased to announce a continuously settled perpetual contract for UNI: UNI-PERP-USDT. UNI-PERP-USDT is now available to trade with up to 100x leverage. What is UNI? UNI was introduced on September 17, 2020 as th...
8 Oct 2020 2 minute read 0 comments BitMedia Buzz
The smart advertising marketplace project, SaTT has certainly been on the move recently - from its successful fundraising crowd sale to its new exchange listings each week to its major token burn. SaTT stands for Smart Advertising Transaction Token a...
8 Oct 2020 1 minute read 1 comment alquimista1501
The world of cryptographic currencies has incredible advances in financial material, either from operability to innovation. Those who look to the future know that information is power and technology is one of the means par excellence to obtain a posi...
