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Uniswap token and its platform basics
Originally published in the chenigino blog.
Uniswap is the most popular decent exchange of ethereum with $2.1 billion in its contracts by October 2020. This brings together the unesop exchange one-fifth of all cost closed in all respected finance applications. On exchange, trading is from the average of 38,000 per day customers, in which 95% of all trading is exchange (dex). It translates us $263 million daily in terms of trade volume.
The governance token of unsop exchange is called uni. This token was introduced on 17 September 2020. Before creating depth in the basics of the token, let's take a look at its features and USES. It is important that yoon tokens derive their value from the existing stronghold that the unisop maintains in the foreign exchange market.
Unasoap platform has salient features.
There is zero listing fee. In this platform one can trade ethereum based tokens. Users stake their tokens in liquidity pool (determines that tokens are listed). Since the protocol does not have a listing process, it does not charge any listing fee.
A wide variety of trading pair options. In uniswap v2, consumers are free to combine any two erc 20 tokens to make trading pairs. It doesn't need to use eth. The platform offers a wide range of trading pairs that can grow up to 2,000 different varieties. According to industry experts the platform surpasses everyone.