What is UNISWAP?
UNISWAP was established by Hayden Adams on September 16, 2020. Uniswap is a decentralized exchange protocol.
It is a decentralized, open-source exchange system among DeFi projects. Since Uniswap is Ethereum-based, it allows Eth and all other ERC-20 tokens to be exchanged in a pool created by users without intermediaries. Thanks to UNISWAP, any ERC-20 compatible token can be exchanged via smart contracts without a hub.
Definition of Unıtoken
The token is called a UNI. Since it works with a Constant Product Market Maker design, any token can be exchanged for a UNISWAP-equivalent token and listed in the ERC-20 protocol. Pools are mostly formed stable coins, but users can lend their cryptocurrencies to liquidity pools whenever they want. Users who offer money to pools earn commissions. A total of 1 billion UNI Token will be supplied in the market.