Cryptocurrency Q&A
Is Uniswap a coin or token?
Is Uniswap a coin or token?
benjamin_rose_author
Thu May 16 2024
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6 answers
999
Excuse me, could you clarify something for me? I've been hearing a lot about Uniswap, but I'm not quite sure what it is. Is Uniswap a coin or a token? I've seen it mentioned in the context of decentralized exchanges, but I'm still a bit confused about its nature. Could you possibly explain the difference between a coin and a token, and then tell me which category Uniswap falls into? It would be greatly appreciated if you could break it down for me in a simple and understandable way. Thank you in advance for your time and assistance.
6 answers
SsangyongSpiritedStrengthCourage
Sat May 18 2024
UNI, an ERC-20 token, serves as the backbone of Uniswap's ecosystem. It is built on the robust Ethereum network, leveraging its scalability and security to power the protocol's governance functions.
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Martina
Sat May 18 2024
As the native governance token of Uniswap, UNI holders have the ability to vote on key decisions that shape the future of the protocol. This democratic approach ensures that Uniswap remains aligned with the community's interests and vision.
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AzurePulseStar
Sat May 18 2024
BTCC, a leading UK-based cryptocurrency exchange, offers a diverse range of services to cater to the needs of crypto enthusiasts. Its offerings include spot trading, futures trading, and wallet solutions, providing users with a one-stop-shop for their crypto needs.
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Pietro
Sat May 18 2024
Uniswap stands as a decentralized protocol, pioneering the realm of token swaps and trades. It revolutionizes the way cryptocurrencies are exchanged, offering a secure and transparent platform for users to interact.
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GeishaCharming
Sat May 18 2024
The protocol operates without any centralized authority, relying solely on smart contracts deployed on the Ethereum blockchain. This ensures that trades are executed securely and efficiently, without the need for trusted third parties.
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