Dear users,
We are excited to announce that UNI (Uniswap), CRV (Curve DAO Token), SUSHI (Sushi) will be listed on Coineal.
｜Listing Schedule
Deposit and withdrawal: from 6:00 Feb 2 (UTC)
Trading: from 9:00 Feb 2 (UTC)
Pair: UNI/USDT, UNI/BTC, CRV/USDT, CRV/BTC, SUSHI/USDT, SUSHI/BTC
｜Project Introduction
1. UNI (Uniswap)
Uniswap is a decentralized exchange protocol built on the Ethereum blockchain that offers non-custodial trading of ERC-20 tokens. Its first version (Uniswap v1) has been operating since November 2018 (launching at DevCon 4), while the second version (Uniswap v2) launched in May 2020.
In Uniswap, users can swap tokens, add tokens to a pool to earn fees, or list a token without trusting any central intermediary. Since all interactions are done directly on-chain and thus cost gas fees, Uniswap has become the most significant gas contributor on the Ethereum public network and became the most widely used decentralized application as of the time of writing.
Uniswap is built on a unique system called Automated Market Maker (AMM). At its core, liquidity is created by pools composed of two ERC-20 tokens. As a reward for liquidity provision, parties (Liquidity Providers, or LPs) collect swap fees that are incurred whenever individuals swap tokens. In Uniswap v2, swap fees are set at 0.30% of the notionally traded amount. Collected fees are allocated to the reserve of the pool. Once the protocol switch is turned on, UNI holders will collect 0.05% of each swap, while LPs' reward will decrease to 0.25%.
Despite not being the first AMM, Uniswap has popularized the growth of automated market maker protocols, leading to the creation of competing protocols like SushiSwap, which greatly rely on its set of audited open source contracts.
UNI is an ERC-20 token on the Ethereum blockchain that offers control over the Uniswap protocol governance, the UNI token community treasury, the protocol fee switch (0.05% of the fee would be collected by UNI token holders if activated), eth ENS, Uniswap default token list (tokens.uniswap.eth), and SOCKS liquidity tokens.
2. CRV (Curve DAO Token)
Curve is an exchange liquidity pool on Ethereum that is designed for efficient stablecoin trading.
CRV is the native utility token in the Curve platform, and is used for voting in platform governance, and as a reward for liquidity providers. A portion of the trading fees collected is used to conduct constant CRV token burns.
Since Curve only trades stablecoins, liquidity providers experience minimal impermanent loss, which can occur in liquidity pools where tokens with large value fluctuations are traded.
The Curve liquidity pool is integrated with iearn.finance, which utilizes Aave and Compound, to maximize yield for liquidity providers even when their tokens are idle.
3. SUSHI (Sushi)
SushiSwap allows users to mine the governance token SUSHI through mainstream LP tokens on stakingUniswapV2. Each block is issued 100 SUSHI, these tokens will be evenly deployed in all 13 pools, in the first two weeks, each block will get 1000 SUSHI, and SUSHI/ETH pool will get 200 SUSHI. SUSHI tokens have no practical value and only have governance rights. Once Uniswap's liquidity is migrated to SushiSwap in the future, SUSHI token holders will share 0.05% of the transaction fee.
｜Token Info
1. UNI (Uniswap)
Total supply: 1,000,000,000
Total circulation: 150,000,000
2. CRV (Curve DAO Token)
Total supply: 1,307,896,178
Total circulation: 9,853,935
3. SUSHI (Sushi)
Total supply: 126,284,273
Total circulation: 126,284,273
｜Common Links
1. UNI (Uniswap)
Official Website: https://uniswap.org/
Whitepaper: https://uniswap.org/whitepaper.pdf
Block Explorer: https://etherscan.io/token/0x1f9840a85d5af5bf1d1762f925bdaddc4201f984
2. CRV (Curve DAO Token)
Official Website: https://www.curve.fi/
Whitepaper: https://www.curve.fi/stableswap-paper.pdf
Block Explorer: https://etherscan.io/token/0xD533a949740bb3306d119CC777fa900bA034cd52
3. SUSHI (Sushi)
Official Website: https://sushiswap.org/
Whitepaper: https://medium.com/sushiswap/the-sushiswap-project-c4049ea9941e
Block Explorer: https://ethplorer.io/address/0x6b3595068778dd592e39a122f4f5a5cf09c90fe2
｜Risk Disclaimer
Crypto assets are innovative investment products with high price fluctuations and high investment risks. Please ensure a thorough understanding of crypto assets before making investment decisions and use extreme caution when doing so.
｜Contact Us
Telegram Global: https://t.me/Coineal
Twitter: https://twitter.com/CoinealExchange
Facebook: https://facebook.com/CoinealGlobal
Medium: https://medium.com/coineal
LinkedIn: https://www.linkedin.com/company/coinealexchange
Coineal APP Download
Android: http://h5hk.coineal.com/ios-download.html
iOS: https://apps.apple.com/en/app/coineal-sp/id1524413379
Coineal Global
2020.2.1
