What is Uniswap?
Uniswap is the largest decentralised exchange (DEX) in the crypto space.
It leverages multiple crypto assets, including its native UNI cryptocurrency, to provide a service similar to a traditional exchange. Uniswap has no one central operator or administrator, making it fully decentralised.
Unlike most exchanges, designed to take fees, Uniswap is designed to function as a public good, a tool for the community to trade tokens without middlemen. Also, Uniswap uses a simple math equation and pools of tokens and ETH to do the same job.
How does it work?
Uniswap’s network is designed to facilitate the buying and selling of crypto assets in a way that mirrors a traditional exchange.
It does this by using smart contracts, which allow users (called liquidity providers) to deposit crypto assets into pools. These smart contracts then allow other users (called traders) to buy and sell these assets.
Why invest in Uniswap?
1. Decentralised exchange growth
Uniswap is the largest and most successful decentralised exchange, accounting for over +50% of the weekly volume.[Text Wrapping Break]
2. Revenues
Uniswap has daily revenue that is four times greater than Bitcoin and is now the second-largest cryptocurrency in terms of revenue, behind Ethereum.
3. Decentralised exchange exposure
Uniswap is the world’s largest decentralised exchange cryptocurrency (DEX); therefore, it is an ultimate asset to buy if you are looking to gain exposure to this universe.
4. Potential Oracle solution
Uniswap could become more than just a decentralised exchange. Due to its unprecedented nature and success, it is finding utility for other purposes. It has been recently proposed that Uniswap become an oracle token, providing reliable price feeds to the smart contracts.
5. Strong community & price performance
Uniswap is integrated with almost all major DeFi protocols due to its importance in providing a core DeFi functionality of asset exchange. Since its inception, the UNI token has performed remarkably well, with returns in excess of +700%.
Where do I buy Uniswap?
Investment platform Revix is adding Uniswap to its product offering on Friday the 20th of August 2021.
Revix Promotion
Due to the hotly anticipated release of Uniswap, Revix has decided to run a two-fold promotion:
- The first 600 new sign-ups will receive double their initial deposit up to R500 using the promocode: DOUBLEUP – this promotion is valid from the 17th to the 31st of August 2021.
- There will be zero trading fees on Uniswap purchases for one week (20 of August – 27th of August).
For more information about their Saving Vault, Crypto Bundles, or a direct way to invest in Bitcoin, Ethereum, Pax Gold, or USDC, visit Revix.
