What is Uniswap Token?
Uniswap launched ERC20 protocol governance token after pending transaction on unipswap platform. originally there was no official announcement by platform, as immediately following launch Binance also listed UNI Token. UNI is decentralized Exchange token based on Ethereum blockchain that enable non-custodial trading. Main reason behind introducing UNI is to enable sharing community ownership and dedicated governance system. In short UNI token via governance token will guide uniswap Protocol in future.
UNI will have 1 billion of supply and 60% of supply will be available for community member. However, UNI Token holder can earn 0.05% of token swap, but Liquidity provider rewards will be dropped to 0.25. Uniswap is dominating automate market maker protocol technology, as not being original creator recently new competitor started provider better swap fees and LP’s reward. To being in competition Uniswap finally introduced Token that can compete with upcoming flip project like SushiSwap and other.
As uniswap announced long term user and liquidity provider of platform will get chance to claim 400 UNI tokens for both versions. It is reported that over 49 million UNI is available to claim for historical liquidity provider.
Uniswap Price Prediction
|Month & Year||UNI Price Prediction|
|All-time high||$15 USD|
|Exchange Platform||Uniswap, Binance, BiKi, OKEx|
UNI Price Analysis
The lowest record price of Binance trading platform is $0.30 USD as it reaches $15.00 USD maximum price. however, it continues price fluctuation with average price of $3.50 USD, as of writing it almost crossed 1000% price surge in last 24 hours. In last 24 hours it about to cross $150 million market volume and may be UNI sees hue ranking growth. Uniswap Token after long wait finally launched and it can be use to swap more than 10 ERC20 Token on the platform. however, uniswap expected to add more trade pair in future and it surely help to gain volume.
DeFi market to continue its dominance in September 2020 also and new project expected to add their token in Uniswap and that is again positive factor UNI Token.
Will Uniswap Go Up to Reach $10 USD?
Yes, not now but expected to cross $10 USD in upcoming month.
Is UNI Token a Good Investment?
Yes, but before you invest do proper study on price graph and you can still buy it Binance without paying gas fees on uniswap.
Uniswap competition continue to grow, since last few week daily more 2 to 3 defi project launching. However, most of project still choose uniswap platform to launch their token without interference of centralized platform. as we mentioned uniswap after going live on Ethereum network it immediately listed on Binance with 4 trade pair. However, uniswap must bring UNI Token in august 2020, where defi was most trending topic on blockchain market. Uniswap already top ERC-20 token swap or trading platform and again they are providing huge rewards to their old user.