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.

Airdrop for Uniswap users

17 Sep 2020 1 minute read 0 comments CivMaps

If you used Uniswap before september 1st, you can claim free airdrop of 400 UNI (More than 1000 USD). Just use this link, connect your Metamask wallet and claim. You can sell your UNI tokens on Binance, Huobi or KuCoin which supports UNI/BTC and UNI/...

Free 0.5 UNI ($11) - Unigrab Airdrop

23 Feb 2021 1 minute read 0 comments koialyssa

Unigrab is doing an airdrop for 0.5 UNI which is an $11 value. The company offers vaults which are capital pools that automatically generate yield based on the market. They are also offering $11 for each person you refer. Sign Up Here. Talk to their...

Free 0.1 UNIAPP ($10) - Uniapp Finance Airdrop

21 Feb 2021 1 minute read 0 comments koialyssa

On February 10th they released an airdrop for 0.1 UNIAPP ($10) for lucky participants. Uniapp Finance stands for Universal Application. They offer a number of crypto based products.  Sign up here. Tasks:Talk to their telegram bot here.Complete the c...

Ybull Finance (YBULL) AirDrop - Reward: 0.2 YBULL  ($10)

17 Oct 2020 1 minute read 0 comments Airdrop Dedective

🚀 Ybull Finance (YBULL) AirDrop 🎁 Reward: 0.2 YBULL  ($10) 🗣 Referral:  0,05 YBULL ($2,5) 🔘 Rate: ⭐️ ⭐️⭐️⭐️ 📊 Remarks: Will be list on Uniswap 👉  Start Bot Here ✔️  join telegram ✔️  follow twitter & retweet ✔️  Enter ERC20 address Note: Airdrop wil...