18 September 2020 | ZebPay Trade-Desk
Uniswap is a decentralized automated liquidity pool that is established on the Ethereum blockchain. It has been developed to act as a governance protocol. Uniswap will be accessible to all, and will also ease the way in which traders can participate in the financial marketplace. Uniswap is an innovative exchange protocol built on Ethereum. It allows anyone with an Ethereum wallet to exchange tokens without the involvement of any central party.
The recent introduction of UNI serves the purpose of creating a highly sustainable decentralized financial infrastructure that promotes shared community ownership. It is a dedicated governance system that has strived independently thus far to create a protocol that will shape the future of trading.
Uniswap (UNI) Summary (at the time of writing):
Market Capitalization$ 857,325,709 Current Price$ 5.0424 HR Volume $ 3,106,235,157Script in Circulation 170,000,000 UNITotal Supply 1,000,000,000 UNI
UNI is the native token of the Uniswap protocol, and it entitles its holders to governance rights. Hence, users can vote on the development of the protocol. 1 billion UNI tokens have been mined at genesis. Now, 60% is distributed to the existing Uniswap community, and 40% is available in the marketplace, for traders, institutions and investors.
Uniswap has challenged the status quo, in the sense that there is no order book, or centralized party required to make trades.
