Review on Uniswap (V2) by Toprak Dere
What is Uniswap? How to use it?
Uniswap is an automatic liquidity protocol. In practical terms, this term means that there are template smart contracts that define a standard way to create liquidity pools and related markets that are compatible with each other. Therefore, there is no order book, no central party and no central manager to invest and trade. Each pool is defined by smart contracts with various functions that allow token exchange and liquidity.
It seems that one of the reasons for the great interest in UNI lies in the distribution of 400 UNI to platform users through an airdrop organized by the Uniswap protocol. After the platform launched the UNI coin, it distributed 400 UNIs to all users using Uniswap before September 1, 2020. Thanks to this, when the price went above $ 8, users got more than $ 3,000 in gifts.
UNI coin is the very new governance token of the Uniswap protocol. It will be useful to look at current numerical data to understand more clearly about issues such as "buying Uniswap coin, UNI coin Binance, where to buy UNI Coin" and UNI token.
According to Uniswap CoinMarketCap data, it is trading at $ 4.79 at the time of publication and is the 36th largest cryptocurrency with a transaction volume of 463,940,174 USD. It is also stated that the UNI coin, which saw the highest level with $ 8.39 on September 18, 2020, despite being very new, saw the lowest level with $ 1.09 on September 17.
In order to use Uniswap, users must have a wallet such as Trustwallet Metamask. Afterwards, users continue their transactions by sending the amount of Ethereum (ETH) they want to use in Uniswap to their wallets.
Updated 4 years ago
Rating has not been changed
Decentralized cryptocurrency exchange Uniswap, which launched its own cryptocurrency UNI in September and distributed free UNI to thousands of users, has been going through pretty bad times since then.
The first voting on Uniswap's management is over, but it can be said that this has been a major failure.
This is seen by many DeFi investors and experts as the failure of UNI. The main goal of the proposal is known as reducing the number of votes, which is the token required to approve such changes. The proposal was put forward by Dharma, one of the largest UNI whales, but its failure indicates that UNI investors may not be able to pass many offers in the future.
Pros
- airdrops free uni
- its value is constantly increasing
- will come to good places in the future
- easy swap
Cons
- Insufficient customer service
