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903,490 Uniswap positions opened on eToro
Uniswap is an Ethereum based exchange that allows decentralised token swaps. Anyone with an Ethereum wallet can exchange tokens with no involvement of any central party. Rather than requiring buyers and sellers to create demand, the platform uses an equation to set the value based on demand. Uniswap allows any ERC-20 token to be listed and swapped. Swaps are governed by smart contracts, requiring no central facilitator for trade, removing middlemen and platform fees. Uniswap is open-source software, and as of 2020, one of the most widely used platforms on Ethereum. Created by Hayden Adams in 2018, Uniswap raised $11m in Series A funding. Uniswap uses the UNI token to govern the platform. These tokens were issued to anyone who had used the protocol prior to September 2020. Holders of UNI tokens gain the ability to vote on changes to the protocol.1 billion UNI tokens were originally produced, with roughly two thirds distributed to existing Uniswap community members and the remainder made available to team members, investors, and advisors. Track the UNI price chart on eToro.