Uniswap Airdrops Its New UNI Tokens For the Community, Bigger than the US Stimulus Check

Can you imagine waking up having a generous amount of tokens in your pocket for completely FREE?? That is right! But first, let me explain what Uniswap is.

Uniswap is a fully decentralised protocol for automated liquidity provision on Ethereum. It allows the swapping of ETH to ERC20 tokens and vice versa without having a middle man. It is a non-profit project aims to benefit the Ethereum ecosystem. Anyone can access who has some of the wallets they support, such as MetaMask and Coinbase Mobile Wallet. They are supplied by liqudity providers, and anyone can be one by depositing tokens to the Exchange's liquidity pool.

Uniswap has been showing an explosive growth since its lunch due to its user friendly platform and to the abundance of newly listed tokens, as it does not need the approval of central entities. Uniswap has not surpassed Coinbase in terms of 24-hours trading volume.

Uniswap has launched it's governance token "UNI" on the night of 16 Sept 2020, offering 400 tokens for each users who have interacted with their platform. I must say that is a very generous giveaway (currently $2560 worth at the price of $6.40 at the time of writing).

A screenshot of airdrop from Uniswap.

The flip side of the platform is that the transaction fees are record highs, which is certainly not sustainable.

Are you one of those who has received this sweet reward or the one who is planning to invest? Do you believe in DeFi and Uniswap or is it destined to fail?

Leave your comment down below ;)

Disclaimer: Information found on Ivy Kepiro Ltd. is gathered from variety of sources to bring information to you. It does not represent the opinions of Ivy Kepiro Ltd. on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.