What is uniswap (UNI)?

 Uniswap is a Decentralized Exchange protocol that allows users to exchange tokens without the need for a third party. It is built on the Ethereum blockchain and uses smart contracts to automate the exchange process. UNI also features a liquidity pool that rewards users who contribute liquidity to the exchange. What sets UNI apart from other DEXs is its simplicity and ease of use. With no KYC or order books, users can quickly and securely exchange tokens in a few clicks. All transactions are trustless, meaning the user does not need to trust any third-party service or protocol to complete the exchange.

UNI is the governance token for Uniswap, an Automated Market Market DEX on the Ethereum blockchain. The UNI token allows token holders to participate in the governance of the protocol. Key decisions such as the usage of the treasury or future upgrades can be decided through a governance vote.

How does uniswap work?

Uniswap consists of a series of smart contracts that enable users to deposit and withdraw tokens from the exchange. When a user deposits tokens into the exchange, they are converted into an equivalent amount of another token based on a predetermined rate. This rate is determined by a mathematical formula known as an “automated market maker.” This formula takes into account the supply and demand of both tokens and adjusts the exchange rate accordingly. When a user withdraws tokens from the exchange, they receive an equivalent amount of the other token based on the same predetermined rate.

How to get UNI?

Getting started with UNI is simple. All you need is a wallet with some ETH in it. Once you have your wallet set up, you can head to the Uniswap website and connect your wallet. From there, you'll be able to buy and sell any ERC-20 tokens available on the platform.

It's important to note that UNI is different from a traditional exchange. It doesn't hold your funds, and no central entity controls the platform. That means that you are responsible for your own security, making sure to only send tokens to addresses you trust. And be aware that any transaction sent to Uniswap cannot be reversed or refunded.

Uniswap price live update.

It is a decentralised exchange protocol that allows users to easily and quickly swap tokens on Ethereum. it provides continuous liquidity by allowing anyone to provide liquidity in the form of token pairs in Uniswap pools. UNI also features an automated pricing mechanism, which allows users to quickly check the Uniswap price of a token pair at any given time.