Latest Posts with Uniswap tag

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.

MDEX is the New DEX King

2 Mar 2021 2 minute read 2 comments Bit Media Buzz

Currently ranked the top DEX on CoinmarketCap the new young decentralized exchange MDEX has grabbed more than one third of the DEX market share with a 24 hour trading volume of over USD 2 Billion at the time of this writing. Having just launched last...

$30k to $1 million passively update: HUGE news!

2 Mar 2021 1 minute read 5 comments MadMaxx

First off, I know you like money. I do as well. I recently made a 65x on one coin in 13 days, and realising the times we're in, I know a ton of people could use that money. So I'm rebooting my telegram with tons of content again and will be sharing...

UNI/USD Retail Market Structure: Q1 2021 so far

28 Feb 2021 1 minute read 0 comments idm

This post examines UNI/USD retail price and volume movement from Jan-01 to Feb-27. UNI entered 2021 trading under 5 USD, then maintained this price into the second week of January with moderate trading volume. In the third week of January, low-volum...

Uniswap transaction cost $39,617.28 in gas fees! Ouch!

25 Feb 2021 1 minute read 12 comments Tomatosoup

An unlucky Uniswap user was hit with gas fees costing $39,617.28 for a single transaction on Tuesday. Even for a whale that kind of fee has to hurt, if only in the form of damaged pride. Andrew Redden chief technology officer of crypto subscriptio...

The Sad Days With Ethereum And Uniswap Transaction Fees Are Getting Over With Binance Smart Chain And PancakeSwap.

25 Feb 2021 4 minute read 19 comments Godsplan

  Hi everyone, today l’m here again to share with the whole community another Important update in the crypto market and this time particularly DeFi. DeFi is a great way to earn passive income but most of us are left behind because of the transaction...

Exponential Growth of DeFi "Super-Users" Following Last Year's UNI-V2 Launch

23 Feb 2021 1 minute read 2 comments Austin Reihl

Uniswap (UNI) is a decentralized exchange (DEX) for trading ERC-20 tokens. A decentralized exchange such as UNI does not rely on an order book like a centralized exchange (CEX) would commonly use.   Last year saw the launch of UNI-V2 along with a sub...

earn for using the search engine & free 20$

23 Feb 2021 1 minute read 1 comment PiotreQ

Registration link to earn for using the search engine (you search for the words you want and for each search you get 0.25 tokens, i.e. for 4 searches you get a cent,the token is on several exchanges, you can exchange, for example, in the unifswap lis...

Is good moment to buy 1inch?

23 Feb 2021 1 minute read 1 comment Makingdigital

Bitcoin's sharp correction below $ 50,000 has triggered a massive sale of DeFi tokens and Altcoins. Many investors are scared that this bearish inertia will continue and quickly exit the market to minimize losses. One of the most affected tokens has...

Uniswap V3 on ETH 2.0 soon ?

22 Feb 2021 1 minute read 0 comments Clemnms51

Uniswap is a decentralized exchange where you can buy and sell your cryptocurrencies. It was one of the first platform working like that (even the first maybe ?), and is nowadays the most famous too.  High fees are killing users  If Uniswap respects...

Uniswap Cryptocurrency (UNI) Analysis

21 Feb 2021 1 minute read 1 comment Ayman Khalil

Uniswap Cryptocurrency (UNI) as we told before in the last article is one of the important coins, which is going to be a super coin that has been trading at $ 14.3792 & we put the target at $ 43.0000 as a first step   You can go to read it here >>> U...