Uniswap

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What is Uniswap ?

Uniswap (Uni), a governance token for Uniswap, allows holders to participate in important decisions regarding treasury usage, protocol governance, and possible future upgrades. Built on Uniswap, a popular Decentralized Exchange (DEX), the platform provides an automated liquidity service to facilitate the easy exchange of ERC-20 tokens.

About Uniswap

Hayden Adams – a former engineer at Siemens is credited as the founder of Uniswap, which came into operation on November 8, 2018. Their governance token (UNI) was launched at a later point of time in September 2020. To date, only 50% of the total UNI tokens are circulating in the market. Andreessen Horowitz, Paradigm Venture Capital, and Union Square Ventures LLC are some of the Venture Capitalists that have invested in Uniswap.

Primary features of Uniswap

Uniswap (Uni) is an ERC-20 token compatible with the Ethereum blockchain.
It works on the ‘Proof-of-Concept’ consensus algorithm.
It has a market capitalization of over $11 Billion that makes it one of the Top 15 cryptocurrencies in the world.
People holding Uniswap (Uni) can vote in the governance protocol.

Is Uniswap a promising cryptocurrency?

Uniswap (Uni) has shown an ROI of over 600% that makes it a lucrative buy. If you are looking to buy a Uniswap cryptocurrency, then you can check for third-party cryptocurrency exchanges like Coinswitch .

How to use Uniswap?

Staking Tokens: Locking some of your Uniswap tokens in the liquidity pools will help you in earning extra tokens.
Online Payments: Uniswap coins can be used to make payments at international stores.
Investment: The returns on the Uniswap (Uni) have shown a positive growth that makes it a perfect investment for good returns.
International Transfers: Transfer funds internationally using Uniswap interface.

Pros & Cons of Uniswap

Pros

Governance Rights: The Uniswap (Uni) token holders can vote on internal development decisions.
Yield farming: People can earn Uniswap (Uni) tokens by stacking them in liquidity pools.
No-Liquidity problems: The native ecosystem, Uniswap, is not just a DEX but also solves liquidity problems.
Airdrops: People are eligible for airdrops (Uni tokens) as they use the services of Uniswap.

Cons

Decision Powers: The people in power can modify or change the decisions in the governance protocol as only 60% of tokens are left for the community.
Early Implementation: The Uniswap (Uni) has not even been completed a year to date and it would be a little early to comment on the future upgrades planned by the company.

Trade Uniswap on CoinSwitch

You can start investments and trade with just Rs.100.
Allows instant withdrawal and deposit directly to bank accounts.
Trade-in Uniswap (Uni) at zero fees.
Intuitive and straightforward UI.
Easily track your transactions and manage your portfolio.

Uniswap ICO summary

The Uniswap (Uni) cryptocurrency will be distributed according to the set release schedule by the company. Previously, 400 UNI tokens were airdropped to selected users who have tried Uniswap’s services.

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FAQ's on Uniswap

How does Uniswap cryptocurrency work?

Uniswap (Uni) allows its holders to vote on the developments and changes to the Uniswap platform.

How to buy Uniswap (Uni) cryptocurrency?

You can buy Uniswap (Uni) coins online on any cryptocurrency exchange.

How Many Uniswap Coins Are There?

There are a total of 1 billion Uniswap coins in existence.

How to invest in Uniswap (Uni) cryptocurrency?

You can invest in Uniswap coin using the CoinSwitch Kuber app.

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.

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