Since its inception, the Uniswap Protocol (”Uniswap”) has served as trustless and highly decentralized financial infrastructure. Having proven product-market fit for highly decentralized financial infrastructure with a platform that has thrived independently, Uniswap is now particularly well-positioned for community-led growth, development, and self-sustainability. The introduction of UNI (ERC-20) serves this purpose, enabling shared community ownership and a vibrant, diverse, and dedicated governance system, which will actively guide the protocol towards the future.
Uniswap is open-source software. You can check it out yourself on the Uniswap GitHub. There is no order book or any centralized party required to make trades. But how do trades happen without an order book? Well, Uniswap works with a model that involves liquidity providers creating liquidity pools. This system provides a decentralized pricing mechanism that essentially smooths out order book depth.
Uniswap who recently gave away huge amounts of their UNI tokens to users that provided liquidity (traded on their platform) before the 1st of September has now been listed on Bitfxt. Deposit and Trades are OPEN.
Presently, the available trading pair is UNI/NGN
Make a deposit of Naira or Withdraw UNI from your Trust wallet or any ERC-20 wallet and Deposit to your Bitfxt UNI wallet. Read this guide.
Congratulations, you’re now a UNI holder!
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