Uniswap UNI

On 2024-11-21 the current Uniswap price/exchange rate is 8.3654 EUR.

Uniswap (UNI) is currently the leading decentralized cryptocurrency exchange operating on the Ethereum blockchain. 

It is known for enabling automated trading of decentralized tokens - also known as (DeFi).

Decentralized crypto exchanges (abbreviation DEX) are autonomous compared to centralized exchange offices such as Binance or Coinbase. 

In decentralized crypto exchanges, the users retain control over their funds. 

In centralized exchange offices, users must provide control over private keys so that the exchange can process the transaction within its own database.

An additional advantage of decentralized exchange offices is that it allows users to list a new token for free.

As a decentralized and open-source exchange office, Uniswap wants to keep DeFi token trading automated and fully open to all who own tokens, while improving trading efficiency (compared to centralized exchange offices).

It works with the help of two "smart contracts":

At the time of writing this text, there were 588 million UNI tokens in circulation. 

The maximum amount of UNI tokens that can be in circulation is 1,000,000,000.

As for the distribution of UNI tokens, about 60% is distributed to the entire Uniswap community. 

Out of 60%, 15% went to early users, while about 43% remained in the protocol treasury so that tokens could be continuously distributed to the community through protocol contribution rewards.

As a decentralized and open-source platform, Uniswap provides all users easy access to the crypto market.

At Uniswap, there is no “governing body” that will set limits on the maximum amount of or in which companies you want to invest.

Uniswap seeks to eliminate traditional "order book" models in transactions that are currently present in centralized cryptocurrencies. 

As an alternative, Uniswap uses AMM - the concept of "automated market maker".

Centralized exchange offices operate in a way that connects sellers and buyers and charges a fee for this service. 

The AMM trading concept presented by Uniswap is done via a liquidity pool. 

For example, when the user instructs the smart contract to perform a trade, the contract sends their tokens, such as ETH, to the liquidity pool. 

A mathematical formula then decides how many tokens from the other side of the pair — for example, USDT — they should receive in return.

An additional advantage of Uniswap lies in security. In decentralized exchange offices, customers buy or sell cryptocurrencies with the help of smart contracts through their wallets.

The distribution of UNI tokens is quite different from the “traditional” mining process.

In order for a decentralized crypto exchange to function, it needs liquidity. That is why the concept of “liquidity farming” is responsible for the distribution of UNI tokens.

The liquidity of a decentralized exchange office depends exclusively on the number of users or liquidity providers. The higher the trading volume, the higher the liquidity of the decentralized exchange office.

Once liquidity is deposited in the so-called “liquidity pool”, unique tokens are created and sent to those users who have provided liquidity, as a reward for their contribution.

Each user who has provided liquidity will receive a number of tokens that is proportional to the liquidity he has deposited in the "liquidity pool".

Once the transaction is completed, the sender of the transaction is charged 0.3% of the fee. This same fee is evenly distributed among all those who have provided liquidity in the "liquidity pool".

The easiest way to participate in the opportunity to earn UNI tokens is to connect one of your own wallets to a Uniswap decentralized exchange.

Hayden Adams is the creator of the idea and the founder of Uniswap. 

He launched the Uniswap platform in 2018.

He got the inspiration for the Uniswap decentralized crypto exchange from the blog posts of Vitalik Buterin - the creator of the Ethereum network. 

Allegedly, in the initial phase of Uniswap creation, Vitalik Buterin named the protocol - “Unipeg”.

The Ethereum Foundation was one of the first investors in the Uniswap protocol.

On the Bitcoin Store platform, you can easily buy Uniswap and more than 170 cryptocurrencies at the real-time exchange rate with the lowest fees.

First, you need to create and verify your account on the Bitcoin Store cryptocurrency trading platform to get full access.

After successful verification, you can deposit (EUR) to your Bitcoin Store Wallet.

Supported payment methods for deposit are:

Once we receive your payment, funds to purchase cryptocurrencies will be available on your Bitcoin Store Wallet, and you can start purchasing cryptocurrencies.

On the Bitcoin Store platform, you can easily sell more than 170 cryptocurrencies from our offer at the current exchange rate.

You can instantly sell cryptocurrencies that are stored on your Bitcoin Store Wallet.

Cryptocurrency stored on personal wallets such as Exodus, Trust Wallet, Ledger, Treasury, etc., or various trading platforms and must be transferred to your Bitcoin Store Wallet before selling.

Once the transfer is successful, you can sell your cryptocurrency. 

You can withdraw the funds directly to your bank account or keep them on your Bitcoin Store Wallet and use them for future cryptocurrency purchases.

You can buy and sell cryptocurrencies for cash in Bitcoin Store exchange offices in Zagreb, Rijeka, Osijek, and Split.

Verifying your identity via ID card is not required for all transactions up to 1000,00 EUR.

You can deposit cash directly to your Bitcoin Store account in the exchange office. 

The deposit amount will be visible immediately and ready for your next cryptocurrency purchase.

You can store Uniswap in your digital wallet. 

When it comes to cryptocurrencies, digital wallets can be divided into 2 groups - Hot Wallets and Cold Wallets.

Hot wallets include:

Cold Wallets include:

You can also store UNI on your own Bitcoin Store Wallet. 

The access and storage of cryptocurrency are free for all users who register on the Bitcoin Store Platform.

On Bitcoin Store Wallet you can: