Uniswap (UNI) explained in 6 steps

Uniswap is a decentralized exchange system that is one of the De-Fi projects. The ticker of its token is UNI.

  1. When and by whom was it founded?

The token of Uniswap, founded by Hayden Adams, UNI was distributed to the ones who made transactions on Uniswap on September 16, 2020, and who provided liquidity to the pools.

  1. The Infrastructure of UNI

UNI is based on Ethereum and is decentralized. Thanks to Uniswap, ETH and all ERC-20 tokens can be exchanged with each other in the pools created by the users.

  1. What does UNI promise to the users?

UNI is built on a mechanism called the “Constant Product Market Maker Model”. It means that any token can be listed by being financed with a token equivalent to Uniswap. Uniswap has an innovative structure and the prices are formed completely based on the liquidity of the pool.

  1. Is UNI mined?

UNI token is not a type of cryptocurrency that is mined. All UNI tokens are produced at certain intervals.

  1. The lowest and highest price with the total supply

The lowest price of UNI was $0.4190 on September 17, 2020, and the highest price was $21.51 on February 4, 2021. With a total supply of 1,000,000,000 UNI, the circulating supply of the cryptocurrency is 289.867.679 UNI.

  1. How to make UNI transactions on Paribu?

You can click on the link and make your UNI transactions right away via Paribu.

Bu içerik en son 26 October 2022 tarihinde güncellenmiştir.


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