What is Uniswap?
If you haven't heard of this unicorn yet, you might be living on another planet! Maybe you just discovered cryptocurrencies with the craze for DeFi and agriculture… Anyway, welcome to Airdrop Uniswap, one of the biggest crypto airdrops , that I have seen!
Uniswap is a decentralized cryptocurrency exchange (DEX). So it's an exchange platform like Coinbase, Kraken or Binance. But instead of being centralized in the hands of a corporation, it's just a protocol with two smart contracts on the Ethereum blockchain .
These two contracts, developed by a small team in Brooklyn, New York, allow users to exchange ERC20 tokens and ETH, without the need for an intermediary . And it got huge: according to Coindesk's Hayden Adams, users trade $150 million a day on the DEX.
The only downside these days is the gas fees… Some transactions get really expensive like the price of gas is going through the roof . But this should be fixed with Ethereum V2 if it ever comes out!
Anyway, if you want to know more about this disruptive exchange platform, read their white paper .
UNI tokens from Uniswap
The Uniswap Protocol token launch announcement was made on their blog on September 16, 2020 And the crypto-space went crazy (once again). Because 15% of 1,000,000,000 total supply – or 150,000,000 tokens – have been distributed to users and liquidity providers!
UNI is management token on Ethereum. And it represents voting shares in protocol management. UNI holders may vote or delegate their vote on any proposal. At the time of writing this Uniswap Airdrop, there is no offer yet:
How to get free UNI tokens?
First of all, here's the bad news: not everyone can claim UNI tokens. Indeed, you must have been a Uniswap user before September 1, 2020 d. It doesn't matter if you exchanged tokens or if you provided liquidity. But you must have used the protocol before that date.
If you're lucky, go to https://app.uniswap.org/ and link the Metamask wallet to the address you previously used on the platform . And you should see a sort of popup to the right of the window with a "Claim Your UNI Tokens" button.
Click this button and select the gas price (GWEI) for the transaction . If you are not sure what price to choose, check the recommendations from https://ethgasstation.info/ .
Because of this coin flip, the price of gas is quite high. Although you could wait a bit before claiming UNI tokens, I didn't read anywhere what the deadline is for claiming. So better claim this free money as soon as possible !
I did some research what to do with these free uni tokens . And I read that I should change it to free ethereum (because we don't know what the price will be in a few weeks) or to hold it (because it is a serious project with price estimates of 10 to 20 USD per token) . So I replaced the 50% and kept the rest!DYOR. NEVER share your private keys! And NEVER use an exchange wallet address! Instead, we recommend using the Trezor wallet .Legal liability : This website does not offer investment advice. The author is an amateur investor and the information found here is for informational, entertainment or educational purposes. As a result, it should not be construed as personal investment advice. Although the information provided is believed to be accurate, it may include errors or inaccuracies. This website and the author cannot be held responsible for any action you take as a result of what you read here. Find out more .