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.


How To Earn UNI On Uniswap

16 Oct 2020 5 minute read 14 comments Guarda Wallet

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The funniest crypto week of Oct 16

16 Oct 2022 7 minute read 2 comments Dave Sawyer

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Mining Tokens with your phone - Next Pi Network is here!

12 Jan 2023 1 minute read 6 comments Makingdigital

If you missed the Pi Network opportunity and want to get back on the train, I bring you a new application to mine tokens from your mobile totally free every day. Same system as the one offered by the Pi Network and you still have many months ahead to...

Kyiv Ethereum Meetup - 26 November 2022

26 Nov 2022 1 minute read 3 comments Cryptotexty

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19 Dec 2022 5 minute read 1 comment ScryptForce

Islam and Cryptocurrency - Is it Halal or Haram? Introduction Cryptocurrency is a decentralised digital currency that has been growing in popularity since its introduction in 2009. Bitcoin, the first cryptocurrency, was developed by an anonymous hack...

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17 Dec 2022 6 minute read 0 comments Lorenzo The big Brain

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Liquidity Pools 101 - How NOT to Lose Money

29 Mar 2021 4 minute read 4 comments GabrielHaines

      What is a Liquidity Pool? Liquidity pools are paired crypto assets that are pooled together to facilitate the trading of particular token or coin sets on decentralized trading exchanges. The funds are provided by the various contributors and t...

My Experience With Stronghands Money

8 Sep 2022 2 minute read 1 comment The DeFi Prince

Welcome back to my humble blog! Today I will be discussing my experience with the Stronghands Money protocol on Cronos, and its different components. In my personal opinion, this project has amazing potential due to its die-hard community, relentles...

What is a DAO in Crypto?

7 Jun 2022 3 minute read 2 comments GetBlock

The ‘DAO’ is a concept based on blockchain technology, which eliminates the need for a central governing authority. Recently, DAOs have been getting quite a lot of attention from developers. Let’s try to explain what having a DAO means in the crypto...

Kivach: Donating and Motivating all those who dream

30 Sep 2022 4 minute read 0 comments Eddyc

  Greetings friends;   Developing successful products in the crypto world seems like an easy task, but only those who live in this world understand that it's not just about having capital, a team and will, but it requires the need to see the needs o...