What is UNI

coinmapai199

Contributor
UNI token is a platform token issued by Uniswap exchange and is used to motivate users to provide liquidity, participate in governance, etc. Uniswap is an Ethereum-based decentralized exchange (DEX) that uses an automated market maker (AMM) model to facilitate token trading on Ethereum.

Users holding UNI tokens can participate in Uniswap's governance process and vote on the exchange's development direction, functional improvements, etc. In addition, Uniswap will regularly allocate a portion of transaction fees to users who provide liquidity as a reward for their contributions.

Please note that investing in cryptocurrencies and tokens carries risks, and investors should conduct sufficient research and risk assessment before making decisions. At the same time, the cryptocurrency market is highly volatile, and investors should allocate assets reasonably based on their risk tolerance and investment goals.
 
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