Uniswap is a token of the Uniswap’s project where users can use for the exchange of digital coins that operates on the Ethereum blockchain. Uni Coin holders can deposit their coins into the Uniswap platform for staking and the coins can be used for voting or making offers to develop the platform and help the liquidity of the platform it is a highly decentralized financial infrastructure. That uses Blockchain technology to create smart contracts to exchange through liquidity pools without intermediary. Users can buy and sell ERC-20 tokens and also “Staking” tokens in the platform. To make liquidity to UniSwap. In addition, users will be paid a fee when others trade the coin.
Who are the founders of Uniswap?
Uniswap’s creator is Ethereum developer Hayden Adams. Adams mentioned that the original inspiration for the Uniswap platform came from one of Buterin (Ethereum creator)’s own blog posts. His original idea to focus on Ethereum came after he was convinced to begin researching and understanding the protocol in 2017.
Key Metrics
| Ticker | UNI |
| Token Name | Uniswap |
| Token Type/Protocol | ERC20 |
| Total Token Supply | 1,000,000,000 UNI |
| Current Circulating Supply | See Coinmarketcap |
| Market Capitalization | See Coinmarketcap |
| Token Creation Date | November 2018 |
| Can it be mined? | No |
Insights
- UNI is a native governance token that facilitates greater community involvement and oversight. UNI holders can vote on Uniswap project developments that will determine the platform’s trajectory as it evolves. UNI holders can also fund liquidity mining pools, grants, partnerships, and other growth-driven initiatives that expand Uniswap’s reach.
- In September 2020, Uniswap went a step further by creating and awarding i UNI to past users of the protocol. This added both profitability potential and the ability for users to shape its future — an attractive aspect of decentralized entities.
Official Website: https://uniswap.org/
White Paper: https://uniswap.org/whitepaper.pdf
Note
Cryptocurrency and digital tokens are high risk. You may lose the entire investment amount. Please study and invest appropriately with your acceptable risk level.
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