COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: What is Uniswap?
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Altcoin News > What is Uniswap?
Altcoin News

What is Uniswap?

In Brief

  • Uniswap is a decentralized financial infrastructure and a protocol for ERC-20 token transactions on Ethereum. It eliminates the need for trusted intermediaries, offering users the ability to conduct transactions quickly and efficiently. Additionally, Uniswap is also defined as an open-source software licensed under GPL.ContentsWhat is Uniswap?How to Use Uniswap?What is UNI Coin?Buying Uniswap Coin If […]
COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

Uniswap is a decentralized financial infrastructure and a protocol for ERC-20 token transactions on Ethereum. It eliminates the need for trusted intermediaries, offering users the ability to conduct transactions quickly and efficiently. Additionally, Uniswap is also defined as an open-source software licensed under GPL.

Contents
What is Uniswap?How to Use Uniswap?What is UNI Coin?Buying Uniswap Coin

If you’re curious about topics like “Uniswap Coinmarketcap, buying Uniswap tokens, UNI coin on Binance, where to buy UNI Coin, UNI Coin,” you can check out our article.

What is Uniswap?

Uniswap is an automatic liquidity protocol. In practical terms, this means a set of template smart contracts that define a standard way to create liquidity pools and compatible markets. Therefore, there’s no need for an order book, a centralized party, or a central administrator. Each pool is defined by smart contracts with various functions that facilitate token exchange and liquidity.

On the other hand, Uniswap is designed to be compatible with any ERC-20 token in the Ethereum ecosystem. As a result, users can follow various steps to ensure their tokens are also present on Uniswap. However, Uniswap does not provide any guarantees or timelines in this regard.

Moreover, through Uniswap, users can conduct transactions directly from their wallets. This is actually one of the biggest differences from centralized exchanges, where tokens must be transferred to the exchange, then traded, and finally withdrawn back to the wallet.

Another reason for the significant interest in UNI is due to airdrops organized by the Uniswap protocol, distributing 400 UNI to its platform users. After launching the UNI coin, the platform distributed 400 UNI to each user who had used Uniswap before September 1, 2020. This allowed users to earn over $3,000 in gifts when the price exceeded $8.

How to Use Uniswap?

When using Uniswap, as with any online connection, it’s always crucial to verify the website’s authenticity. To use Uniswap, users must have a wallet like Metamask. They then proceed by sending the amount of Ethereum (ETH) they wish to use on Uniswap to their wallet.

After these steps, users can begin using the platform by connecting their wallet to Uniswap. They can then continue with the tokens listed on the platform or add any token from Etherscan that isn’t listed on Uniswap.

What is UNI Coin?

UNI coin is the newly introduced governance token of the Uniswap protocol. To better understand topics like “buying Uniswap coin, UNI coin on Binance, where to buy UNI Coin,” and to get a clearer idea of the UNI token, it’s useful to look at current statistical data.

According to CoinMarketCap data, at the time of writing, UNI is trading at $4.79, has a market volume of $463,940,174 USD, and is the 36th largest cryptocurrency. Despite being very new, UNI coin reached its highest level at $8.39 on September 18, 2020, and its lowest at $1.09 on September 17.

When Uniswap launched the UNI token, it distributed 400 UNI to its platform users, and as a result, there are currently 96,866,285 UNI in circulation. It’s also worth noting that this number is expected to reach a total of 1,000,000,000 UNI.

Buying Uniswap Coin

You can quickly purchase Uniswap tokens through Binance, the world’s largest cryptocurrency trading platform by transaction volume.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Crypto Traders Discover New Potential in BERT and SOL Coins

VanEck Leads with Tokenized Treasury Funds on Major Blockchain Networks

MOODENG Coin Skyrockets as It Grabs Attention in the Crypto World

Curve Finance Battles Back After Being Targeted by DNS Phishing Attack

Pi Coin Faces Dramatic Price Swing with Market Moves

COINTURK NEWS 15 November, 2023 - 1:45 pm 15 November, 2023 - 1:45 pm
Share This Article
Facebook Twitter
Share
Previous Article Hong Kong’s First Licensed Crypto Exchange HashKey to List Cosmos (ATOM)
Next Article The Surge in Funding Rates of Bitcoin and Altcoins
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Companies Supercharge Bitcoin Purchases in a Landmark Year
Bitcoin (BTC)
Thailand Takes Bold Step with $150 Million G-Token Initiative
Cryptocurrency News
Exciting Surge As Major Companies Snap Up Bitcoin
Cryptocurrency News
Crypto Markets Surge: Altcoin Bulls Are On the Move!
Ethereum (ETH)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?