Aside from being a governance token, is there any plan for $UNI to have a unique use case? Is there anything we can be looking forward to? Holding this has been a pain and I need some reassurance as I dont see any information about this. Thanks
The main plan is to stay a governance token. Im not sure if there are any other plans than that currently.
But hey! Its good though…the UNI token holders are subsidizing a DeFi Fund, Grants Program, and etc. So, stuff is being done, goodies are being built; however, Im not sure whether the UNI token holders will get a whole lot of benefit from it now. Most likely not, but they will foot the bill for now.
What use case does any other cryptocurrency have other than really boiling down to a mechanism to transfer value? Most cryptocurrencies hold very little utility. And before you mention staking, question yourself if you think that is really a use case.
By holding UNI you’re speculating and investing in a governance and protocol that dominates the majority of DeFi on ethereum. Uniswap is the face of DeFi - wouldn’t you want to own some of it? But like @Buckerino mentioned - there’s still much to be built.
hmm you are right about that. investing in $UNI is investing in the Dex itself. thanks and to @Buckerino for the responses
No worries, but just to clarify - no, its not investing in the DEX itself. Its investing in the UNI token and its governance meaning you relinquish the rights to your capital (until you sell your tokens) to the whims of governance proposals.
Just wanted to make it clear
I look forward to Uniswap as a torchbearer for the DeFi space as a whole. Token’s usecase would come with the evolution of the protocols.
I believe that Uniswap is an important piece of infrastructure for the DeFi ecosystem.
Come on guys, UNI is an asset that can be traded and therefore it has monetary value. People hold it because they expect that it’ll capture the intrinsic value of the Uniswap platform somehow, resulting in price appreciation; otherwise they would only acquire it (briefly) to vote, and then sell it again thereafter.
All these people trying to sell us this idea that price doesn’t matter - I get it, it’s about legal concerns, but there’s no need to treat each other like kids - need to finally address the elephant in the room. We need a good tokenomic model for UNI so that the token at least keeps its ETH value, otherwise holders will lose interest entirely, the treasury will become worthless and the project won’t be able to finance any further development.
Let’s be pragmatic and think long term please. There’s a lot of potential here.
Hey everyone! There is a paragraph in UNI token explanation which is: “A perpetual inflation rate of 2% per year will start after 4 years, ensuring continued participation and contribution to Uniswap at the expense of passive UNI holders”. Can you explain it more? That means after reaching 1 billion total supply, Uniswap will add more UNI to circulation for users to stake their tokens and earn UNI right?
I 100% agree to this.
Uniswap coin aside from being governance token is in news for various good reasons.
The decentralized exchange Uniswap has partnered with fintech company Moonpay to allow users to buy cryptocurrency on its web app using debit cards, credit cards, and bank transfers.
In the announcement made on Dec. 20, Uniswap shared that its users will now be able to convert fiat to cryptocurrency on the Ethereum mainnet, Polygon, Optimism, and Artibrum in a matter of minutes.
If Uniswap gathers bullish momentum from the heights of this year and with new announcements and acquisition, the uniswap price prediction for 2023 might brush its potential high of $13.69 as analyzed by experts of Coinpedia.
Uniswap is a safe buy, the network presently hosts 322,019 active addresses and is good for long term investors.
Now, It is to wait and watch - Will the bears outweigh the bulls and price plunge or bullish catalysts surge the price of UNI in 2023?
Will Polygon’s collaboration with Uniswap help UNI reach the moon?
Polygon succeeds in bringing new approach to DeFi through partnership with Uniswap.
As DEX Uniswap becomes more efficient because to Polygon, one of the greatest problems in this sector has been addressed. As noted by Layer 2’s development team, Polygon’s low fees have contributed to the arrival of more services on Uniswap and even attracted more traders to the DeFi platform.
Uniswap generated this week record fees and outperforms competitors. The network shows strong financial performance with more user activity. This surge in activity could change the trajectory of UNI price in the coming future and may rise as high as $13.69 as Coinpedia.
Despite the decline in some key metrics, it seemed that investors were still bullish on the future of Uniswap and the UNI token.