What is Uniswap?
Cryptocurrencies are becoming more popular every day, and one of these cryptocurrencies is Uniswap. It is a decentralized exchange protocol that is popular for its impeccable support for automated trading of decentralized finance coins.
The Uniswap protocol works on the basis of Automated Market Maker (AMM). Uniswap platform is becoming popular every day because of its Defi phenomenon and the associated surge in token trading.
Moreover, the primary purpose of Uniswap is to make token trading automatic and utterly open to all UNI coin holders. Furthermore, to increase the efficiency of buying, selling and exchange of cryptocurrencies with hundred other holders.
Uniswap increases efficiency by resolving various liquidity issues with advanced solutions. Moreover, it also prevents such recurring problems from happening again that can plague the first decentralized exchanges.
With the purpose of making the cryptocurrency market more beneficial for coin holders, uniswap is introducing the world with UNI coins. These UNI coins can increase the profitability as well as the ability of coin holders to shape their own future.
Unique Features of Uniswap
The unique feature of UNI Coins is that their purpose is to resolve the issues of liquidity in the market. The creation of this protocol is on the basis of a famous automatic exchange formula that is X x Y = K.
The inventor of this specific formula is Hayden Adams. He believes that with the proper implementation of this formula, we can resolve the problems of liquidity that the platform such as EtherDelta is facing today.
Markets to trade UNI Coins
There are majority of cryptocurrency exchanges that are actively dealing in UNI Coins everyday. If an individual wants to buy, sells or exchange in UNI coins then markets such as Binance OKEx , Coinbase Pro, along with, naturally, Uniswap’s protocol.