What do you mean by UNI?

Token Thursdays: Episode 7

What is UNISWAP?

Uniswap is a DEX protocol project consisting of a set of smart contracts running on the Ethereum blockchain. In technical terms, it is an automated liquidity protocol that is powered by a constant product formula, which is Uniswap’s automated market-making algorithm. The Uniswap blockchain is open source, meaning that anyone can view and contribute to the blockchain’s code. What makes Uniswap interesting is that, unlike entities that maintain a central order book for buying & selling, it uses a collection of liquidity pools.

The UNI Token

UNI is the native token of Uniswap DEX, it was launched on September 1 2020 with the purpose of making the protocol owned and operated by its users, who will, in turn, help it to grow into a self-sustainable model.

  • UNI is a Governance token that allows UNI HODLers to govern the protocol and vote on proposals that might further Uniswap’s development and improve its ecosystem.
  • The key reward for maintaining liquidity pools on the DEX
  • Staking UNI tokens in liquidity pools to earn rewards

Where to buy UNI?

If you are looking to trade UNI with a fully insured wallet, simply head on over to DIFX and log in or create a new account to start trading!

DIFX trade crypto
DIFX EXCHANGE: UNI/USDT PAIR

About DIFX

DIFX is a centralized cross-asset crypto exchange that allows users to trade between multiple asset classes that include indices, forex, crypto, metals, and commodities, just to name a few. The DIFX fully-insured crypto wallet comes from a partnership with Fireblocks, one of the leading crypto custodians in the world.

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https://difx.com

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