/biz/ - Business & Finance

Why are exchange tokens worth anything? Why are they needed?

currently holding 3000 uni corns and not holding anything else. Am I a retard? will it get to $20 this year anon?

$10 waiting room

Uniswap is focused on offering ERC-20 token exchange, which can be either stablecoins such as DAI or Tether, or other projects such as TRON, EOS and the ETH itself.

Any ERC-20 token can be freely added to the platform and does not need to be endorsed by the platform. Each of these tokens has a smart contract and their availability depends on how much "liquidity" other people deposit.

Thus, on the one hand we have users trying to exchange tokens and others providing liquidity to Uniswap so that there are always tokens to exchange. These liquidity providers, by depositing their tokens in "liquidity pools", receive a small fee for each transaction executed by others in that same crypto asset.

This mechanism allows for the decentralization of exchanges and converts Uniswap into a DEX (decentralized exchange) since there is no central entity that provides the necessary liquidity to buy cryptomonies, as is the case with centralized exchanges or CEX.

This platform has managed to integrate itself to many areas of the cryto industry, as it already offers the "BET" token from Earnbet, the first decentralized online casino that offers you to bet on a wide variety of cryptomonkets and on different games that you can enjoy if you are a frequent player.

It's about to break $3. If it doesn't get rejected it moons.

Uniswap is focused on offering ERC-20 token exchange, which can be either stablecoins such as DAI or Tether, or other projects such as TRON, EOS and the ETH itself.

Any ERC-20 token can be freely added to the platform and does not need to be endorsed by the platform. Each of these tokens has a smart contract and their availability depends on how much "liquidity" other people deposit.

Thus, on the one hand we have users trying to exchange tokens and others providing liquidity to Uniswap so that there are always tokens to exchange. These liquidity providers, by depositing their tokens in "liquidity pools", receive a small fee for each transaction executed by others in that same crypto asset.

This mechanism allows for the decentralization of exchanges and converts Uniswap into a DEX (decentralized exchange) since there is no central entity that provides the necessary liquidity to buy cryptomonies, as is the case with centralized exchanges or CEX.

This platform has managed to integrate itself to many areas of the cryto industry, as it already offers the "BET" token from Earnbet, the first decentralized online casino that offers you to bet on a wide variety of cryptomonkets and on different games that you can enjoy if you are a frequent player.

All UNI holders, please vote on current active proposal, only 2 hours left

https://app.uniswap.org/#/vote/2