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.

Clash of The Titans in the Crypto Market

5 May 2021 1 minute read 1 comment Defiant Pathfinder

There is a saying which says whatever goes up must come down, that is what happening in the crypto market right now. A lot of crypto cryptos were bullish but the majority now seem to be losing steem and they are starting to fall sad the bears are cha...

Other Factors which Contribute to Increase in Price & Value of Crypto Assets

4 May 2021 1 minute read 1 comment Defiant Pathfinder

When you are looking forward to do a perfect investment which will pay your bills late you have to make sure you take your time doing a dip research to see if you are on the right track. You wouldn't want to buy and hold worthless coins which will no...

Frauds! FRAUDS! FRAUDS! Or how to avoid getting scammed

3 May 2021 7 minute read 1 comment bdrum

  Hey! Finally got some nice CAKE gains to play around with? Wanna play around low cap projects to get that x10 you’ve been looking for the entire bullrun? Good! But can you trust what you are buying? We’ve all heard about other people losing money o...

Crypto Currencies with the Most Recent All Time Highs

3 May 2021 1 minute read 2 comments Defiant Pathfinder

Currently the crypto market is so bullish with most of then skyrocketing. I have an article which i wrote about Ethereum skyrocket and it was trading around $2,600-$2,700 which was the all time high by that time and i said it is not stopping, surely...

The ETH Bull Unleashed!

3 May 2021 1 minute read 2 comments mongooze_io

Ethereum (ETH), the second-largest cryptocurrency, is on a bull run hitting an all-time high of $3000. As of this writing, it is hovering between $3160- $3170.  The price increase for the past seven days was recorded at around 27% and was trading at...

Is Binance Smart Chain the Best for DeFi & Smart Contracts as Compared to Ethereum Chain?

2 May 2021 1 minute read 2 comments Defiant Pathfinder

As it is said no idea is original. It obvious someone might come up with something then somebody else might take that something and perfect it in every way he could trying by all means to get rid of all the bottlenecks  so than he can have a well cra...

All roads lead to London

2 May 2021 2 minute read 2 comments alquimista1501

The path becomes more evident and the route to be followed takes us as a destination to London. An update status that we wait to see how the full potential of the Etheriun (ETH) network exploits before the arrival of Serenity. The truth is that this...

What could be the reason behind Ethereum Skyrocketing

2 May 2021 1 minute read 1 comment Defiant Pathfinder

Ever since 25 March till and of April the crypto market  has been bullish and altcoins and tokens has been breaking levels and setting new all time high. On 12 April Binance Coin set an all time high of $638, then on 14 April Bitcoin set $64,800 and...

Top 4 Decentralized Finance Tokens with a Brighter Future

1 May 2021 2 minute read 1 comment Defiant Pathfinder

Altcoins has dominated the Crypto currencies market for a decade now but the tables seem to be turning now as there is another challenger in the ring. Decentralized Finance (DeFi) Tokens re now making headlines and the rate of  adoption is overwhelmi...

Will crypto currency replace Gold and become the safe Haven?

1 May 2021 1 minute read 5 comments Defiant Pathfinder

For centuries now people has been using Gold as their safe haven. When a crisis hit hard and stocks starts falling down resulting in investors pulling of their monies and investments they would buy Gold as their safe haven so as to maintain the value...