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Why does the Uni continue to rise (will the Uni series produce sedans)

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Why does the Uni continue to rise (will the Uni series produce sedans)

Why has uni been rising? According to data from OKLink, as of 12:30 today, the uni token UNI price is 3. It has been stuck at a low point for nearly 6 months Why does Uni keep rising? 1、 Why UNI has been rising since January 2018? At the end of 2017, UniSwap founder Hayden Adams announced the launch of the UniSwap protocol (UNI). At that time, the price of UNI was around 0.1 US dollars. However, today the UNI has dropped below $0.004, a drop of nearly 50%, which has led many people to doubt the prospects of this project. Currently, according to Debank data, the total supply of UNI is approximately 9.28 billion pieces. 2、 Why has Uni been rising? Since the beginning of 2020, Uni has been soaring. The reason why Uni has been able to continue growing is mainly due to its decentralized trading mechanism, which has made Uniswap’s liquidity mining increasingly interesting. Because of its unique functions and the design of smart contracts on Ethereum, it allows any user to easily send and receive ERC20 tokens or other ERC-20 tokens through its encrypted wallet, and can achieve unlimited scalability and seamless cross Chain transfer With the emergence of the Uniswap protocol, Uniswap will serve as a new type of decentralized exchange for trading, thereby solving the high sliding point problem and lack of liquidity in current DEX. At the same time, in order to avoid being preempted, Uniswap also created a “News aggregator”, which allows people to quickly exchange various Cryptocurrency on multiple platforms and earn income through a simple interface. Hayden Adams, the co-founder of Uniswap, said: “We are building a new decentralized financial solution – News aggregator”

Will the Uni series produce sedans

Editor’s note: This article is from Xiaozha Chat (ID: xiaonazha88) and is authorized to be reprinted by Daily Planet Two days ago, Uniswap founders Hayden Adams and V Shen posted a story map about the UNI series on Weibo: Hello everyone! I am Andrew Cronje, co-founder of YFI, and I have been chatting with him for many days. He mentioned a question called ‘Will Uni produce a car?’ He said this concept is a new concept in the DeFi field, as the current liquidity mining on Uniswap has exceeded about $10 billion. (In fact, this passage vividly expresses the product concept that Uniswap may launch in the future.) He also said, “We think Uniswap should make some basic changes.”

From the initial design of UNI, it may be the 2.0 version of Ethereum. Now, there are various changes in Uniswap. For example, when the Uptime is relatively long and the gas fee is high, the uni price will rise or fall; If the user wants to participate, they need to first exchange the token for the corresponding ERC-20 token But for Uniswap, it’s not that simple – it’s more like a protocol than a bunch of decentralized exchanges. It runs based on decentralized smart contracts, so no one knows if this project can achieve a true decentralized trading platform? Of course not However, this cannot negate this idea, as the governance model of Uniswap is still completely different in the current DeFi market As for its value support, I think we can refer to the following two charts What is Uniswap

Uniswap is a decentralized transaction News aggregator, which helps users manage assets by providing on chain data and various kinds of information. At the same time, it allows developers to use decentralized Oracle machine solutions to provide users with a safe and reliable off chain transaction environment, thus improving its network effect What are the advantages of Uniswap Uniswap adopts an automated mechanism. After you create a new contract, you can use it as the default interface for the caller. If you want to join this automatic Market maker, you must set the corresponding parameters and invest your capital into the pool according to the conditions, so that liquidity can become more effective.

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