1 UNI =
Uniswap (UNI) is a cryptocurrency and decentralized exchange created in 2018 by Hayden Adams on the Ethereum blockchain. Uniswap uses an innovative Automated Market maker (AMM) technology that allows users to trade cryptocurrencies without intermediaries. This means that buyers and sellers can exchange assets directly, and prices are generated automatically based on an algorithm that takes into account the balance of tokens in liquidity pools.
UNI is a platform management token released in September 2020. UNI owners can participate in voting on key issues of the platform's development, changes to its protocol and the allocation of funds from the Treasury. This token makes the platform fully decentralized and gives the community the opportunity to influence its future.
One of the key features of Uniswap is the ability of users to provide liquidity to pools. Anyone can deposit their tokens into the liquidity pool and receive remuneration in the form of commissions for each transaction made using this pool. This makes the platform decentralized and independent of centralized exchanges, which traditionally require the presence of market makers and intermediaries.
Uniswap does not have a centralized owner or management company. The development and management of the platform is carried out by a decentralized community consisting of UNI token holders. Important decisions are made through voting, where participants can propose changes and vote for them, influencing the development of the protocol.
Thanks to its openness, transparency and community support, Uniswap has become one of the largest and most popular decentralized exchanges in the DeFi ecosystem.