Initially, centralized exchanges formed the basis for transactions in various cryptocurrencies. However, the development of blockchain has given rise to decentralized exchanges. These services operate without intermediaries. Blockchain has now imposed restrictions on the creation of new decentralized exchanges. The Uniswap platform seeks to address these limitations. Uniswap Decentralised Marketplace allows exchanges with its own cryptocurrency, UNI.
This exchange was developed based on the Ethereum protocol. It allows any user to exchange their tokens without centralized management or confirmation requirements. Due to the features of the platform, any ERC-20 token can be launched at any time. In addition, users do not have to pay an additional fee.
The decentralized exchange Uniswap has its own positive features.
Affordable exchange (significantly cheaper than other protocols)
Secure cryptocurrency storage
You do not have to provide your personal data to the platform.
Instant access to updated tokens
High market capitalization, which makes the exchange interesting for many investors
Listing. Uniswap is listed by all major crypto exchanges, which underlines the reliability of the platform.
No intermediaries is what increases the reliability of Uniswap.
The cryptocurrency UNI is an authentic token of the Uniswap crypto network. Anyone who owns the token automatically gains a say in important decisions concerning the platform.
UNI is currently one of the most popular cryptocurrencies in the world. Since its launch in the fall of 2020, UNI has experienced tremendous price growth. For all its success, UNI is quite volatile, like all cryptocurrencies. So, when looking to make big profits, don't forget the typical risks of cryptocurrencies. Investing in UNI tokens can be profitable in the long run.
However, buying UNI tokens is a good, albeit long-term, prospect because the Uniswap platform is currently the largest in the Ethereum network and is projected to expand.
If you want to buy UNI tokens, you first need to choose a reliable cryptocurrency platform. Consider a popular platform like MEEG.IO. Some of the advantages of the MEEG platform include instant payment processing, minimal fees, and no moderation at all. MEEG is a popular platform for buying, selling, and exchanging all the top cryptocurrencies.
Working with MEEG is very easy. Register a merchant account, and you are good to go. The MEEG platform is also convenient in that the service can be easily embedded into any website or payment system. With this feature, you can add the ability to pay in cryptocurrencies (e.g., UNI or any other popular cryptocurrency) to your online shop and thereby significantly increase conversion rates.