What is UNI Coin? UNI Coin is a token developed for the Uniswap protocol. So, what is Uniswap, have you ever heard of it? If you haven't heard, let's explain right away: Uniswap is a protocol that runs on the Ethereum blockchain and has an important place in the decentralized finance (DeFi) ecosystem. UNI Coin, on the other hand, is an actively used coin in transactions made in this protocol. Now let's take a closer look at how it works with UNI Coin features: Uniswap Coin holders have the right to vote on the future of the protocol. For example, users can become decisive for a certain amount of coins in matters such as updates, fee structures, liquidity pools. Users are rewarded with UNI Coin if they add liquidity to certain pools. Rewarding takes place in the form of receiving a certain percentage of shares from transaction fees. UNI Coin works with the Automatic Market Maker or AMM model with its original short name. In this model, the protocol does not directly match buyers and sellers over liquidity pools. Instead of this method, swaps are automatically realized through smart contracts. As a matter of fact, the need for authentication for users has disappeared. How Much Is UNI Coin Supply? The total supply of Uniswap Coin is limited to 1 billion units. In fact, it is planned that the entire amount in question will be released to the market within 4 years. In other words, there is no such thing as earning UNI Coin by mining. The deployment plan is as follows: 60% of the total UNI Coin supply will be distributed to community members who perform different transactions. The share of 21.59% will be given to the Uniswap team during the 4-year accrual period. 17.8% of the total supply is reserved for investors. The remaining 0.69% is the share of the consultants. After all supply is released at the end of 4 years, no new UNI Coin will be printed. Thanks to this strategy, it is aimed to protect the value of the coin in the long term. What is UNI Coin Infrastructure? UNI Coin works on the Ethereum network. Designed to comply with the ERC-20 standard, the coin provides its users with the opportunity to benefit from the security and decentralized structure provided by the network it is in. The inclusion of UNI Coin in the Ethereum network also means that it is compatible with all DeFi applications and wallets in the ecosystem. Who is the UNI Coin Owner and Which Country Did It Come From? Like the Uniswap protocol, UNI Coin was developed by Hayden Adams. Adams, a former Siemens engineer, focused on the idea of realizing cryptocurrency exchanges without intermediaries and decentralized while implementing his project. The foundations of the idea in question are based on one of the blog posts produced by Ethereum founder Vitalik Buterin. The second version of Uniswap started on November 2, 2018 as a US-based project. This version included features such as ERC-20 pairs, price scickles, flash swaps. The current version of Uniswap v3 was launched on the Ethereum main network on November 5, 2021. The version, which is already in use, stands out with superior capital efficiency, better transactions for investors and improved infrastructure features. What is the UNI Coin Release Date? UNI Coin was first introduced to the cryptocurrency ecosystem on September 16, 2020. This date also represents the day of the first community distribution. Within the process, 400 UNI Coins were distributed by airdrop to those who previously used the Uniswap platform. Of course, as you are familiar with, the distribution at this event was completely free. What is the UNI Coin Exit Price? The UNI Coin governance token was at the level of 3-4 USD in the days following September 16, 2020, when it began to be traded on exchanges. The intense demand experienced after its launch to the market caused a slight fluctuation in the value of UNI Coin in the following time. As a matter of fact, this situation provided a significant amount of profit to the users who earned coins in the first airdrops. How Much Did UNI Coin See The Highest? UNI Coin reached its highest value 6 months after its launch. While the calendars show the date of May 3, 2021, 1 UNI traded at 45,024 USD. Different reasons were influential in the Coin's peak value. The Uniswap v3 launch, which was held in May 2021, stands out as the first reason why the value has reached a peak. How is the future of UNI Coin? For now, UNI Coin is at the center of decentralized finance practices, so to speak. If this role of the coin in the ecosystem continues in the coming years, it may enter the upward trend in terms of value. Focusing on data analysis in the cryptocurrency market, investors predict that the value of UNI Coin may increase in the short term. #future #cryptocurrency #coin #risk #technicalanalysis #bull #bear #supply #protocol #indicator #binance #coinmarketcap #hotnews #wallet #analyse #analiz #анализ #تحليل #分析 #analisi #分析 #ανάλυση #विश्लेषण #분석 #analisa
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