What is UNI ?
UNI is a cryptocurrency that is part of the Uniswap decentralized exchange platform. Uniswap is an automated market maker (AMM) platform that allows users to trade cryptocurrencies without the need for traditional centralized exchanges.
UNI was created as a governance token for the Uniswap platform, giving holders the ability to vote on proposals and make decisions about the future direction and development of the platform. It is also used as a means of payment for various transaction fees and as a store of value.
One of the unique features of Uniswap is its use of liquidity pools, which allows users to trade cryptocurrencies directly with each other, rather than relying on order books and central intermediaries. This results in faster and more efficient trades, as well as increased liquidity and lower fees compared to traditional centralized exchanges.
In summary, UNI is a cryptocurrency that is part of the Uniswap decentralized exchange platform. It is used as a governance token, allowing holders to vote on proposals and make decisions about the future direction of the platform. UNI is also used as a means of payment for transaction fees and as a store of value. The Uniswap platform allows for fast and efficient trades through its use of liquidity pools.