Uniswap (UNI) is a decentralized finance (DeFi) platform that enables users to trade cryptocurrencies without intermediaries, such as centralized exchanges. It operates as an automated liquidity protocol, which means that trades are executed by smart contracts rather than traditional order books.
Uniswap is specifically designed for trading Ethereum-based tokens, and it uses a unique algorithm that is optimized for liquidity provision. This algorithm is called the Constant Product Market Maker Model, which ensures that the ratio of the two assets in a liquidity pool remains constant, regardless of the size of the trades.
Users can trade on Uniswap by providing liquidity to a pool of tokens, which allows them to earn fees from trades. These fees are distributed among liquidity providers based on their contribution to the pool.
The UNI token is the native governance token of the Uniswap platform, which allows token holders to participate in platform governance and decision-making. This includes voting on changes to the protocol, such as fee structures and liquidity pool parameters.
Where to buy UNI Token
You can find UNI Token here at CoinTR Exchange! We are listing UNI/USDT on Spot Market and support up to 25X UNIUSDT Perpetual Futures!
What is the Price of UNI
The price of the UNI token is $5.79 per unit. It has a market cap of $3,342,869,509 and a fully diluted market cap of $5,787,651,915. It also has a 24-hour trading volume of $87,096,652. You can check the live price of their token right here!
How to buy UNI
Looking for a way to buy UNI. You can purchase UNI on CoinTR following the steps:
1. Log in your CoinTR account and click [Markets]. Click on [Spot].
2. Search “UNI” using the search bar to see the available trading pairs. Take UNI/USDT as an example,click [Trade].
3.Go to the [Spot] box. Enter the amount of UNI you want to buy. You can choose from opening a Limit order or a Market order. Take Market order as an example. Click [Buy UNI] to confirm your order. You will find the purchased UNI in your Spot Wallet.
Disclaimer: The views, thoughts, and opinions expressed in the article shall not be considered as investment advice and do not reflect the position of CoinTR, please use it at your own risk.