What is Uniswap
¿What is Uniswap?
Uniswap is a decentralized exchange that approves the exchange of cryptocurrencies and tokens that are inside the Ethereum blockchain, developed by Hayden Adamsy and officially launched in 2018.
It is identified as a decentralized exchange house, it is really an automated fluency protocol.
Uniswap rules out the obligation of a centralized agent to execute trades.
¿What does it offer?
The platform offers users to trade freely and with stamina to be suppressed, as well as offering an automated and quite flexible liquidity protocol.
¿How does it work?
Uniswap works by means of a design called Constant Product Market Maker, which is a distinction from a guide known as Automated Market Maker (AMM).
Any user can act as a liquidity provider by entering a deposit with the value equivalent to two tokens, in turn, the merchants will have to give a commission when making the deposit, and the liquidity providers will be distributed in their cooperation in the DEX.
¿How is Uniswap regulated?
Uniswap, being a DEX, does not have any financial entity that regulates it.
¿Why do people use Uniswap?
One of the reasons why people use this platform is because of the governance that its token (UNI) has, since it works efficiently, in turn it allows to achieve profits from commissions when it comes to supplying liquidity to the platform.
¿How is Uniswap different from other exchanges?
One of the differences from other exchange houses, Uniswap has greater efficiency when generating liquidity, adopting the value according to a series of characteristics.
Uniswap solves the setbacks or liquidity problems with which many exchange houses periodically face.
Through the protocol it is possible to execute some Web3 wallet, and thus create your own applications on top of them.
The mechanism on the DEX is flexible and low cost.
¿Where can I buy it?
One of the ways where you can buy UNI is through Binance, since it has a great variety tradable in trade, you can exchange a cryptocurrency, fiat cryptocurrencies or simply use a debit or credit card to buy the token, they are also allowed bank deposits.
https://www.binance.com/
¿Where to find more information?
For more information such as movements, prices, explorers, contracts and more you can visit the following link: https://coinmarketcap.com/
Did you know that you can buy and sell USDT and BUSD online thanks to Gastcoin Gateway?
