Cryptocurrency Q&A
What is Uni Coin?
What is Uni Coin?
Sara
Tue Nov 05 2024
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6 answers
1640
Uni Coin is a digital cryptocurrency token on the Ethereum blockchain, specifically known as the Uniswap Protocol Token. It serves as the governance token for the Uniswap decentralized trading protocol, allowing holders to participate in decision-making and enjoy corresponding governance benefits and rewards. UNI has a total supply of 1 billion tokens, with 60% distributed through an airdrop to early Uniswap users.
6 answers
CryptoWizard
Thu Nov 07 2024
Uniswap is an automated liquidity provider, aiming to simplify the exchange of Ethereum (ERC-20) tokens.
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GalaxyWhisper
Thu Nov 07 2024
Unlike traditional exchanges, Uniswap operates without a traditional orderbook.
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Alessandro
Thu Nov 07 2024
There is no central facilitator involved in the trading process on Uniswap.
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ZenFlow
Thu Nov 07 2024
Instead of relying on order matching, Uniswap utilizes liquidity pools.
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charlotte_anderson_explorer
Thu Nov 07 2024
Uniswap (UNI) serves as an Ethereum token that fuels the Uniswap platform.
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