/biz/ - Business & Finance

Today I came across a new token on Uniswap. It's called TRADE. After a little bit of research it seems like a legit project that will bring a new dimension to Uniswap. The UniTrade app will allow you to place limit orders on Uniswap.

I don't know about you guys, but I would definitely use the app. Limit orders is what we've been waiting for, for a long time now.

After looking at the token utility details I bought myself a big bag of TRADE tokens and I'm here to tell you why you should too.

What is the UniTrade (TRADE) token for?

1. To make trades on UniTrade a small fee is collected in ETH. 10% of these fee's are stored on the contract as a future development fund. The remaining 90% of ETH acquired from trades on the DeFi trading platform is programmed by the smart contract to automatically buy UniTrade tokens (TRADE) directly from the TRADE/ETH UniSwap liquidity pool on daily basis.

2. TRADE token holders will receive fee discounts on the trading platform as well.

3. Finally the TRADE tokens purchased on Uniswap from the collected fee's are burned by the contract.

I personally think this one is gonna fly once the crypto Twitter hears about it. The token is still very unknown and so it's still early to join.

At moment of writing:
Token price of 0.14$, x2 from tier 3 sale. But I think this won't last long.

Also here is the tokenomics overview:

Total Supply: 50m
40% (20m) - OTC Presale
40% (20m) - UniSwap ETH/TRADE locked liquidity pool
10% (5m) - Reserve & Team
10% (5m) - Dev Audits, Marketing, Misc

I hope that I informed you guys well. Now go and get yourself a moonbag of it. But remember always DYOR.

Tonight, 10pm EST. Be early..

If you know, you know.