What Is Uniswap? Information About UNI Token

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What is Uniswap (UNI)?

Uniswap is one of the leading decentralized trading platforms with automated market making mechanism (AMM) in the field of Decentralized Finance (DeFi). Currently, this project has developed into 3 different versions. But Uniswap V2 is the most popular version. Following its launch, Uniswap V2 has truly solidified its position as an important driving force in the DeFi ecosystem.

Therefore, in this article, we will focus on discussing Uniswap V2 and when mentioning Uniswap in the following sections, it will be understood as Uniswap V2.

Uniswap (UNI) Highlights

Uniswap

Uniswap is famous as a symbol of AMM. Was the inspiration for many later AMM projects, including Sushiswap, Pancakeswap, and many others. Although each AMM project later developed in its own direction and achieved success. but initially, it all came down to the Uniswap “fork”.

Uniswap, a decentralized exchange (DEX), allows users to swap without registering an account. Completely different from exchanges like Binance or Okex. Currently, Uniswap is one of the DEXs with the most trading pairs. Helps users easily find and trade new and unique tokens.

With its decentralized nature, Uniswap allows projects to list tokens conveniently. This helps projects attract initial capital without having to bear many costs related to listing. At the same time, create a place for users to conveniently buy and sell.

Information about UNI Token

Key Metrics UNI

• Token Name: Uniswap.

• Ticker: UNI.

• Blockchain: Ethereum.

• Token Standard: ERC-20.

• Contract: 0x1f9840a85d5af5bf1d1762f925bdaddc4201f984

• Token type: Governnance.

• Total Supply: 1,000,000,000 UNI.

• Circulating Supply: 519,857,388 UNI.

UNI Token Use Case

Currently, UNI only has administrative functions.

UNI Token Allocation

• Community: 44%.

• Team: 18.65%.

• Investors: 18.64%.

• Advisors: 0.71%.

• Airdrop: 15.5%

• LP Staking: 2.07%

UNI Token Release Schedule

Source: defillama.com

UNI Token storage wallet & exchange

Users can use popular storage wallets such as: MetaMask, Trust Wallet…

Currently UNI is being traded on many exchanges including: Binance, Kucoin, Upbit, Bkex, Bithumb, HitBTC.

Related: What is AZCoiner?

Roadmaps & Updates

In March 2021, the project officially launched Uniswap V3. However, Uniswap V2 still operates in parallel. You can read about Uniswap V3 updates as well as see how Uniswap V3 affects forks.

Project team, investors & partners

Project team

Hyungsuk Kang: Founder & CTO of the project, lead developer of Plasm, also Head Ambassador of East Asia Polkadot and Founder of PolkaKR

Investors

The project receives support from many investors, the most prominent of which are a16z and Parafi.

Similar projects

• Sushiswap.

• Pancakeswap.

Conclude

Through the above overview article about the Uniswap, AZC News hopes readers will grasp basic information about this project to make their own investment decisions. Wishing you a successful investment!