[19/09/2020] HUAX Lists UNISWAP (UNI)
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Dear all HUAX users,
A new project is coming~UNISWAP (UNI)
Uniswap’s main distinction from other decentralized exchanges is the use of a pricing mechanism called the “Constant Product Market Maker Model.” Any token can be added to Uniswap by funding it with an equivalent value of ETH and the ERC20 token being traded. For example, if you wanted to make an exchange for a poop token you would launch a new Uniswap smart contract for Poop Token and create a liquidity pool with–for example–$10 worth of Poop Token and $10 worth of ETH. Where Uniswap differs is that instead of connecting buyers and sellers to determine the price of Poop Token, Uniswap uses a constant equation: x * y = k. In the equation, x and y represent the quantity of ETH and ERC20 tokens available in a liquidity pool and k is a constant value. This equation uses the balance between the ETH and ERC20 tokens–and supply and demand–to determine the price of a particular token. Whenever someone buys Poop Token with ETH, the supply of Poop Token decreases while the supply of ETH increases–the price of Poop Token goes up. As a result, the price of tokens on Uniswap can only change if trades occur. Essentially what Uniswap is doing is balancing the value of tokens, and the swapping of them based on how much people want to buy and sell them.
Trading details
UNI / USDT trading will be open on 2020/09/19, 10:00 (Hong Kong Time).
UNI deposit and the withdrawal currently not available.
Project details:
Risk warning: Cryptocurrency trading bears high risks in the market. Please ensure that you perform adequate risk assessments when trading newly listed tokens, as they are often affected by high price fluctuations. HUAX will spare no effort to select high-quality coins, but will not be responsible for your losses in the entire transaction. Thank you for your trust and wish you a happy transaction!
#GOHUAX
HUAX Team，
2020/09/19
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