Where Uniswap (UNI) is Accepted Locally and Globally
UNI is the token of the realm for the Uniswap decentralized exchange, that aspires to compete with Binance. It’s a governance token by design, so it’s not very popular as a commerce coin but it’s accepted by a number of businesses, large and small, around the world via crypto payment processors.
Who Accepts Uniswap
Are you an Entrepreneur, freelancer, or manager of a business accepting cryptocurrency?
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Should you buy Uniswap?
Since its launch in 2020 UNI has seen meteoric success, becoming a top 20 crypto by market capitalization. Non-custodial peer-to-peer decentralized exchanges (DEXs) are growing in popularity. I would expect the demand for decentralized exchange of crypto to drive demand pushing UNI further up in value. Uniswap runs on Ethereum, so if you feel good about the future of Ethereum, maybe you want to own a piece of it in the UNI token.
A word to the wise, don’t invest in things that you don’t really understand. If you still haven’t wrapped your head around decentralized finance, stay away from these DEFI projects. UNI is young, many children the same age are still crawling around the floor, it’s yet to prove itself as here to stay. Also, I couldn’t find where in the world Uniswap is based or incorporated, which I don’t love — but it does have a public development and management team, its creator is Ethereum developer Hayden Adams.
This technical whitepaper explains some of the design decisions behind the Uniswap v2 core contracts. It covers the contracts’ new features — including arbitrary pairs between ERC20s, a hardened price oracle that allows other contracts to estimate the time-weighted average price over a given interval, “flash swaps” that allow traders to receive assets and use them elsewhere before paying for them later in the transaction, and a protocol fee that can be turned on in the future. It also re-architects the contracts to reduce their attack surface. This whitepaper describes the mechanics of Uniswap v2’s “core” contracts including the pair contract that stores liquidity providers’ funds — and the factory contract used to instantiate pair contracts.
From the Uniswap whitepaper
The Uniswap protocol empowers developers, liquidity providers and traders to participate in a financial marketplace that is open and accessible to all. A suite of tools for a tokenized world. We build state of the art open source apps to access the Uniswap protocol and contribute to the world of decentralized finance.