Uniswap (UNI) is the governance token of Uniswap, one of the largest and most influential decentralized exchanges (DEXs) in the digital asset ecosystem. Launched in 2020, Uniswap popularized the automated market maker (AMM) model, allowing users to trade assets, provide liquidity, and earn fees, all without relying on centralized intermediaries.UNI holders play an essential role in the platform’s future, participating in governance decisions that influence protocol upgrades, fee structures, and ecosystem development. As decentralized finance (DeFi) continues to expand, many users choose to Buy Uniswap to gain exposure to one of the core infrastructures powering decentralized trading.The Uniswap price often reflects platform activity, liquidity growth, governance proposals, and broader DeFi market trends. With its strong community, transparent open-source codebase, and continuous innovation,&nbsp;<a href="https://cryptal.com/en/blog/simply-what-is-uniswap">Uniswap</a> remains a foundational protocol for permissionless finance and one of the most widely used platforms in the Web3 economy.

<h1>What is Uniswap (UNI)?</h1>Uniswap stands out as a groundbreaking decentralized exchange protocol operating on the Ethereum blockchain. Specifically, it operates as an Automated Liquidity Protocol, eliminating the necessity for order books or centralized entities. Thanks to its protocol-based contracts, Uniswap facilitates trading without intermediaries, establishing a notable degree of decentralization and resistance to censorship.You might be questioning the feasibility of trades without an order book. Uniswap has ingeniously structured a protocol reliant on liquidity providers establishing pools that furnish liquidity across the platform. This mechanism enables users to effortlessly exchange a wide array of ERC-20 tokens, all achieved without the presence of an order book.Given its complete decentralization, Uniswap foregoes a formal listing process typical of centralized exchanges. Any ERC-20 token can be introduced for trading on the Uniswap platform, provided there exists a corresponding liquidity pool. Notably, Uniswap refrains from imposing any listing fees, rendering it an invaluable resource for emerging or smaller-scale ERC-20 projects.

What is Uniswap (UNI)?

<h2>How Does Uniswap Work?</h2>Uniswap disrupts the conventional structure of centralized digital exchanges, ushering in the end of the order book era. This revolutionary shift is largely attributed to its Constant Product Market Maker design, a variation of the widely adopted Automated Market Maker (AMM) decentralized exchange model.Automated Market Makers are governed by smart contracts holding liquidity reserves, or pools, available for traders to execute transactions. These pools are funded by incentivized liquidity providers, individuals capable of depositing an equivalent value of two distinct tokens into the pool. In return for their participation in liquidity pools, traders pay a fee to the pool, subsequently distributed to liquidity providers based on their share in the pool.Liquidity providers play a pivotal role in establishing new trading markets by depositing an equal value of two tokens, such as ETH and any ERC-20 token or two ERC-20 tokens. While stablecoins like DAI often compose these pools, it is not obligatory. In acknowledgment of their contribution, Uniswap rewards liquidity providers with "liquidity tokens," representing their stake in the entire liquidity pool.Let's examine how trade impacts this equilibrium. Suppose Someone purchases 1 ETH for 1600 DAI using the ETH/DAI liquidity pool. This transaction increases the DAI amount in the pool while decreasing the ETH amount. Consequently, the price of ETH rises because the transaction reduces the quantity of ETH in the pool, adhering to the constant total liquidity principle. This dynamic mechanism dictates the pricing of currencies within the pool.

How Does Uniswap Work?

<h2>Why is Uniswap Unique?</h2>A distinctive aspect of Uniswap lies in its unconventional revenue model – the project itself does not generate any income. Operating as a decentralized protocol, Uniswap relies entirely on its users for liquidity, directing all transaction fees straight to the liquidity providers. This starkly contrasts with centralized exchanges, where fees are absorbed by the central authority managing the exchange.As of now, each trade on Uniswap incurs a transaction fee of 0.3%, all of which is automatically funneled into the liquidity pool. Liquidity providers retain the flexibility to redeem these accrued fees at their discretion. The distribution of these trading fees aligns with each liquidity provider's proportional share of the pool.While Uniswap currently does not allocate any part of the trading fees to its development, there is a possibility that this dynamic might change in the future. The Uniswap team has already introduced an enhanced Uniswap v2 protocol and is actively engaged in the development of Uniswap v3, signaling potential advancements in the project's revenue structure down the line.

Why is Uniswap Unique?

<h2>How many Coins are there in Circulation?</h2>Uniswap (UNI) currently boasts a token supply of 1,000,000,000 UNI, and the distribution of these tokens unfolds across a four-year timeline. This measured approach ensures a gradual release of all 1 billion UNI tokens. Post this initial distribution period, Uniswap will implement an inflation rate of 2% annually to sustain network participation.Of the total UNI token supply, a significant 60% has been airdropped to the Uniswap community. This airdrop specifically targeted ETH addresses actively engaged in trading with the Uniswap protocol. The remaining 40% is earmarked for distribution among team members, investors, and advisors over a structured four-year plan. This deliberate allocation strategy underscores Uniswap's commitment to fostering community engagement while judiciously rewarding key contributors and stakeholders.

How many Coins are there in Circulation?

<h2>How to Buy Uniswap (UNI)?</h2>When purchasing Uniswap, Cryptal emerges as the optimal choice due to its minimal fees and user-friendly crypto acquisition process. Both seasoned and inexperienced users can effortlessly acquire UNI through two available options: Spot Exchange and Convert.<ul style="list-style-type:disc;"><li>Convert:&nbsp;Cryptal's Convert feature stands out as a prompt and effective solution, especially in dynamic market situations where speed is essential. In the face of swiftly changing conditions, the capability to quickly obtain tokens becomes pivotal. Cryptal's Convert functionality ensures users can navigate the market with agility, promptly capitalizing on opportunities. This underscores the platform's dedication to providing a responsive and efficient trading experience.&nbsp; <img src="https://landing-back-static.cryptal.com/bitcoin_english_87a5813330.gif"> The Convert function provides a smooth and instant transformation of Uniswap into diverse fiat assets, enabling swift execution without requiring prior experience. This feature is specifically crafted to accommodate both individuals aiming for rapid transactions and those who are new to the cryptocurrency space.</li></ul>&nbsp;&nbsp;<ul style="list-style-type:disc;"><li>Spot Exchange:&nbsp;Operating as a vibrant marketplace, Cryptal's Spot Exchange enables users to connect with fellow traders keen on buying or selling crypto, notably UNI. In this interactive environment, users proactively initiate transactions by placing bids and patiently waiting for approval of their buy orders. A noteworthy aspect of the Spot Exchange is its capacity to ensure the acquisition at the best available price, rendering it particularly suitable for experienced traders adept at navigating the intricacies of the trading landscape. This focus on price efficiency enhances the Spot Exchange's attractiveness for individuals seeking optimal outcomes in their cryptocurrency transactions.</li></ul>

How to Buy Uniswap (UNI)?

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This blog aims to delve into the concept of Uniswap (UNI), unraveling its intricacies, elucidating its potential benefits for you, and guiding you on the most cost-effective and user-friendly methods to make a purchase.

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Simply: What is Uniswap (UNI)?

<h1>Introduction</h1>The surge of crypto fever, marked by the rising prices of various coins and tokens, has occurred multiple times, enticing a growing number of individuals to venture into purchasing cryptocurrencies like Bitcoin, Ethereum, and other assets.Consequently, many are inquiring about accessible methods to buy crypto without navigating through cumbersome procedures.In this blog, I'll delve into what Uniswap entails and elucidate how you can seamlessly purchase crypto with its assistance, even if you're new to the industry.

Introduction

<h2>What is Uniswap?</h2>When considering purchasing crypto, there are various avenues available. One option is peer-to-peer (P2P) transactions, where you transfer fiat currency to another individual's account—whether it's in GEL, USD, or EUR—and receive Bitcoin, Litecoin, or any desired cryptocurrency in return.Crypto exchanges serve as digital platforms connecting traders and buyers, facilitating the safe exchange of cryptocurrencies and fiat assets. These exchanges offer the convenience of direct purchases at fixed prices, with the bought crypto securely stored in the exchange's centralized wallet until further action, such as selling or withdrawal.An example of such a platform is <a href="https://cryptal.com/en">Cryptal</a>, a Georgian crypto exchange featuring a diverse range of cryptocurrencies for spot exchange and conversion.In addition, decentralized exchanges (DEXs) provide an alternative method for purchasing crypto. Unlike centralized exchanges, DEXs don't require users to undergo verification processes. Instead, you simply create an account on the platform and link it to your crypto wallet.Using a DEX mirrors the procedures of centralized exchanges—you submit a purchase request for the desired cryptocurrency and specify the desired amount. The transaction is then completed by connecting with another user on the exchange looking to sell the crypto. Subsequently, the purchased cryptocurrency, whether Bitcoin or otherwise, is transferred to an external crypto wallet linked to your account.Uniswap stands as a prominent example of a decentralized crypto exchange, widely embraced in Georgia for its user-friendly interface and verification-free transactions. Notably, Uniswap primarily supports cryptocurrencies based on the Ethereum blockchain and ERC-20 tokens.

What is Uniswap?

<h2>Uniswap as a Cryptocurrency</h2>Uniswap, the platform, has its own native <a href="https://coinmarketcap.com/currencies/uniswap/">cryptocurrency called UNI</a>, which users can earn by exchanging various cryptocurrencies stored on the Uniswap platform.UNI serves as a governance token, granting its holders a stake in decision-making processes proportional to their ownership.With a total supply capped at 1 billion tokens, nearly 600 million UNI tokens are already in circulation, boasting a collective market value of $4.1 billion.

Uniswap as a Cryptocurrency

<h2>How to Buy, Sell, and Withdraw using Uniswap?</h2>To engage in buying and selling crypto on Uniswap, you'll first need to register for an account on the platform, a process that's straightforward and user-friendly.It's essential to have a crypto wallet to leverage Uniswap fully, with the platform accommodating various wallet types. Among the most popular options are <a href="https://wallet.uniswap.org/?shortlink=qfwlncf9&amp;c=evergreen&amp;pid=web_connectwallet&amp;af_xp=custom&amp;source_caller=ui">Uniswap Wallet</a>, <a href="https://metamask.io/">MetaMask</a>, and <a href="https://chromewebstore.google.com/detail/coinbase-wallet-extension/hnfanknocfeofbddgcijnmhnfnkdnaad?pli=1">Coinbase Wallet</a>.These wallets are accessible both as desktop applications and mobile apps, providing flexibility and convenience for users.Once you've selected the crypto wallet that aligns with your preferences, you're ready to commence buying and selling crypto on Uniswap.Also, it's important to know, that on All Decentralized Crypto Exchanges, including Uniswap, You will not be able to Buy Cryptocurrency using Fiat Assets. This also includes Selling &amp; Cashing out Crypto. You can only exchange one Asset for another.

How to Buy, Sell and Withdraw using Uniswap?

<h3>Buying Crypto using Uniswap:</h3><ol><li>Enter <a href="https://app.uniswap.org/swap">Uniswap</a>: After accessing the platform, a user has 3 options: a. Swap –&nbsp;To exchange One Cryptocurrency for another. b. Buy –&nbsp;With Fiat (USD) Acquire Cryptocurrency. c. Send – Send Cryptocurrency to another address.&nbsp; But for now, let’s aim to purchase Crypto, so we will be focusing on Swap or Buy&nbsp;options.&nbsp; &nbsp;</li><li>Swap and Buy: When you possess cryptocurrency in your wallet and seek to exchange it for another, Uniswap offers the Swap function to facilitate such transactions seamlessly. Through this feature, you can select the specific tokens you wish to exchange and specify the desired amount. For instance, suppose you aim to exchange 1 Ethereum for the equivalent amount of DAI. <img src="https://landing-back-static.cryptal.com/Uniswap_s_Swap_Function_77e9f76791.png"> Upon confirmation, the Swap function initiates the transfer of Ethereum from your linked wallet to the Uniswap platform, where it undergoes conversion into the corresponding amount of DAI. Subsequently, the newly acquired cryptocurrency is deposited into your wallet.&nbsp; Alternatively, if you lack cryptocurrency and wish to make a purchase, the Buy function is at your disposal. In this scenario, you'll enlist the assistance of <a href="https://buy.moonpay.com/?apiKey=pk_live_uQG4BJC4w3cxnqpcSqAfohdBFDTsY6E&amp;baseCurrencyAmount=undefined&amp;colorCode=%23FC72FF&amp;currencyCode=undefined&amp;baseCurrencyCode=undefined&amp;defaultCurrencyCode=eth&amp;externalTransactionId=undefined&amp;externalCustomerId=undefined&amp;redirectURL=undefined&amp;theme=light&amp;walletAddress=undefined&amp;walletAddresses=%7B%22eth%22%3A%220xbB62639d29b7aC95064Af44b1bD89f502AE91aF9%22%2C%22eth_arbitrum%22%3A%220xbB62639d29b7aC95064Af44b1bD89f502AE91aF9%22%2C%22eth_optimism%22%3A%220xbB62639d29b7aC95064Af44b1bD89f502AE91aF9%22%2C%22eth_polygon%22%3A%220xbB62639d29b7aC95064Af44b1bD89f502AE91aF9%22%2C%22weth%22%3A%220xbB62639d29b7aC95064Af44b1bD89f502AE91aF9%22%2C%22wbtc%22%3A%220xbB62639d29b7aC95064Af44b1bD89f502AE91aF9%22%2C%22matic_polygon%22%3A%220xbB62639d29b7aC95064Af44b1bD89f502AE91aF9%22%2C%22polygon%22%3A%220xbB62639d29b7aC95064Af44b1bD89f502AE91aF9%22%2C%22usdc_arbitrum%22%3A%220xbB62639d29b7aC95064Af44b1bD89f502AE91aF9%22%2C%22usdc_optimism%22%3A%220xbB62639d29b7aC95064Af44b1bD89f502AE91aF9%22%2C%22usdc_polygon%22%3A%220xbB62639d29b7aC95064Af44b1bD89f502AE91aF9%22%2C%22usdc%22%3A%220xbB62639d29b7aC95064Af44b1bD89f502AE91aF9%22%2C%22usdt%22%3A%220xbB62639d29b7aC95064Af44b1bD89f502AE91aF9%22%7D&amp;signature=zM9%2Fr9%2BEEcBQNpumkj5CR6NLspTVp04lY3sgN8x4HFc%3D">MoonPay</a>, acting as an intermediary with Uniswap.&nbsp; To proceed, ensure you have a USD balance within the connected wallet on Uniswap, whether it's MetaMask or Coinbase Wallet. Then, you'll utilize MoonPay to exchange the USD balance into cryptocurrency, effectively purchasing crypto with fiat currency.</li></ol>

Buying Crypto using Uniswap:

<h3>Withdrawing Crypto using Uniswap – Cryptal:</h3>Remember that Uniswap is a decentralized crypto exchange where cash cannot be used? so if you want to Withdraw Cryptocurrency, and cash it out for fiat currency (GEL, USD and EUR), you need to find an intermediary Crypto Exchange. For optimal cash-out of cryptocurrencies obtained through Uniswap or purchased elsewhere, leveraging Cryptal proves advantageous.Cryptal supports numerous popular cryptocurrencies, each assigned unique wallet addresses upon your registration. These addresses facilitate the seamless transfer of cryptocurrencies from Uniswap or external wallets to Cryptal, where you can promptly sell them on the exchange or through the conversion feature.Once the sale is completed, you can effortlessly transfer the received fiat currency—whether it's in GEL, USD, or EUR—to your bank card. Notably, Cryptal accommodates cards from Georgia and TBC Bank, facilitating both cash-out and depositing procedures.It's worth noting that Cryptal stands out as the premier choice for crypto monetization in the market, offering low fees and streamlined procedures for users.

Withdrawing Crypto using Uniswap – Cryptal:

<h2>Sending Crypto using Uniswap:</h2>Suppose you're making an online purchase where cryptocurrency is the sole accepted payment method. In such cases, Uniswap's Send function proves invaluable.You'll begin by selecting the cryptocurrency you intend to transfer from your wallet and specifying the destination address.<figure class="image"><img src="https://landing-back-static.cryptal.com/Uniswap_s_Send_Function_0963751ec9.png"></figure>

Sending Crypto using Uniswap:

<h2>What are the advantages of using Uniswap?</h2>Given that Uniswap operates as a decentralized cryptocurrency platform, it offers a host of advantages for both buyers and sellers, streamlining the process of exchanging coins with simplicity and efficiency:<ul style="list-style-type:disc;"><li>Decentralization:&nbsp; Uniswap operates on a decentralized network, reducing the risk of centralized control and single points of failure. &nbsp;</li><li>No KYC: Anyone with an Ethereum wallet can trade on Uniswap without the need for account creation or KYC (Know Your Customer) procedures. &nbsp;</li><li>Rewards: Users can become liquidity providers by depositing assets into a pool and earning fees from trades that happen in their pool. &nbsp;</li><li>Transparency: All transactions are recorded on the blockchain, ensuring transparency and the ability to audit smart contracts.</li></ul>

What are the advantages of using Uniswap?

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In this blog, you'll discover the simple steps to effortlessly buy and sell cryptocurrencies through Uniswap, along with the myriad benefits this platform offers.

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How to Buy and Withdraw from Uniswap?

UNI is the governance token for Uniswap, a leading decentralized exchange.&nbsp;

What is UNI?

Buy UNI on Cryptal via Visa/Mastercard, Convert, or exchange trading.&nbsp;

How can I buy UNI?

UNI holders influence Uniswap protocol development and governance.&nbsp;

Why do users buy UNI?

Yes, DeFi governance tokens fluctuate in value.&nbsp;

Is UNI risky?

Yes, to ERC-20 wallets.

Can I withdraw UNI?

Frequently Asked Questions about Uniswap

Buying UNI on Cryptal is fast, secure, and ideal for users interested in decentralized exchange ecosystems.

Create your Cryptal account and complete verification to secure your UNI transactions and access full platform features.

Registration & Verification

Top up with GEL, USD, or EUR via Visa/Mastercard, wire transfer, or cash. Once your balance is funded, you’re ready to Buy UNI instantly.

Top Up Your Balance

Select the method that suits your trading style:<ul><li>Direct card purchase to Buy Uniswap immediately;</li><li>Convert for a simple, one-click swap into UNI;</li><li><a href="https://cryptal.com/ex/UNI-TOUSD">Spot Exchange</a> to trade at real-time market prices.</li></ul>

Buy Uniswap

How to Buy UNI on Cryptal

Tether (often called by its short code USDT) is a cryptocurrency with tokens issued by Tether Limited, which in turn is controlled by the owners of Bitfinex. Tether is the most popular stablecoin, as it was originally designed to always be worth US$1.00, maintaining $1.00 in reserves for each tether issued.

Bitcoin (BTC or ₿) is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.&nbsp;

Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011. In technical details, Litecoin is nearly identical to Bitcoin. It is a source code fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256), and a slightly modified GUI.Litecoin was released via an open-source client on GitHub on October 7, 2011. The Litecoin network went live on October 13, 2011.&nbsp;

Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether (ETH or Ξ) is the native cryptocurrency of the platform. Among cryptocurrencies, Ether is second only to Bitcoin in market capitalization. Ethereum was conceived in 2013 by programmer Vitalik Buterin. In 2014, development work commenced and was crowdfunded. The network went live on July 30, 2015. In September 2022, Ethereum's blockchain converted to Proof-of-Stake validation.&nbsp;Additionally, many other cryptocurrencies operate as ERC-20 tokens on top of the Ethereum blockchain and have utilized the platform for initial coin offerings, as do many NFTs and other smart contract projects.

Solana launched in 2017 during the ICO boom. Its first goal was to minimize the time it took to validate transactions, leading to its novel Proof-of-History algorithm.SOL is the native currency on the Solana blockchain and was released to the public in May 2020.&nbsp;

Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, and was renamed Aave in September 2018. It was one of the first crypto lending platforms to appear and currently has more than $12 billion in total value locked.

Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency, Ada.Cardano was founded in 2015 by Ethereum co-founder Charles Hoskinson. The development of the project is overseen and supervised by the Cardano Foundation based in Zug, Switzerland. It is the largest cryptocurrency to use a proof-of-stake blockchain, which is seen as a greener alternative to proof-of-work protocols.

AXS is the governance token of the Axie Infinity ecosystem, giving holders rights to participate in votes and decide how funds are spent. Axie Infinity is a trading and battling game that allows players to collect, breed, raise, battle, and trade creatures known as "axies" (characters based on axolotl), which are digitized as NFTs. New players need to purchase at least three axies to begin playing. The game uses a "pay-to-earn" model (also called "pay-to-play-to-earn" model) where participants can earn a token which is traded on Binance as an Ethereum-based cryptocurrency.&nbsp;&nbsp;

Bitcoin Cash is a fork of Bitcoin that aims to be a true peer-to-peer electronic cash system. Bitcoin Cash was created in 2017 and features fast payments, low fees, privacy, and high transaction capacity.

BNB is the dedicated token for Binance exchange, issued on its own blockchain. It is an integral part of the BNB ecosystem and its subprojects.

Chiliz is a popular digital currency used for sports and entertainment fan clubs operated on the Socios platform. When fans purchase CHZ, they gain access to fan tokens and can claim a stake in their club.&nbsp;

The Compound mainnet launched in September 2018, and has become extremely popular due to its open and flexible lending platform. It currently has more than $8 billion in total value locked.

Dai (or DAI) is a stablecoin cryptocurrency that aims to keep its value as close to one United States dollar (USD) as possible through an automated system of smart contracts on the Ethereum blockchain. Dai is maintained and regulated by MakerDAO, a decentralized autonomous organization (DAO), who may vote on changes to certain parameters in its smart contracts in order to ensure the stability of Dai.Together, Dai and MakerDAO are considered the first examples of decentralized finance to receive significant adoption.

Dogecoin is a cryptocurrency forked from Litecoin in 2013 and based on the popular Doge internet meme.&nbsp;

The Graph is an indexing protocol that queries blockchain data from networks such as Ethereum and the InterPlanetary File System (IPFS). Open APIs, called subgraphs, can be developed by anyone to make data from Graph-supported networks easily accessible. GRT is an ERC20 token used to allocate resources on these networks.&nbsp;

Chainlink is a decentralized blockchain oracle network built on Ethereum. The network is intended to be used to facilitate the transfer of tamper-proof data from off-chain sources to on-chain smart contracts. Its creators claim it can be used to verify whether the parameters of a smart contract are met in a manner independent from any of the contract's stakeholders by “connecting the contract directly to real-world data, events, payments, and other inputs.”LINK is an ERC677 token, an extension of ERC20. According to Chainlink, the trade value derived from these tokens is used to pay node operators for retrieving data from smart contracts, and also for deposits placed by node operators as required by contract creators. Tokens can be stored in any ERC20 wallet, as the ERC677 token retains all the functionality of an ERC20 token.

Decentraland launched its beta in 2019, following its $24 million ICO in 2017, and opened its platform publicly in February 2020. The premise of the platform is to support content creators who are looking for a new artistic medium, opportunity, or simply entertainment.

The Sandbox was launched in 2011 by Pixowl, and was an early pioneer of blockchain-based gaming. Many big-name gaming, entertainment, and sports industry brands have lent their support to the platform, including Atari, Adidas, and Snoop Dogg.

The Shiba Inu token (SHIB) is a decentralized cryptocurrency characterized as a "meme coin" and created by an anonymous person or group known as Ryoshi. It is named after the Shiba Inu (柴犬), a Japanese breed of dog originating in the Chūbu region, the same breed that is depicted in Dogecoin's symbol, itself originally a satirical cryptocurrency based on the Doge meme.&nbsp;Shiba Inu was created in August 2020, dubbing itself the “Dogecoin killer.” On May 13, 2021, Vitalik Buterin donated more than 50 trillion SHIB to the India COVID-Crypto Relief Fund.

Uniswap is a popular decentralized trading protocol that facilitates automated trading of DeFi tokens. UNI is an ERC20 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.

USD Coin (USDC) launched in September 2018 as a stablecoin pegged to the U.S. dollar at 1:1 basis. Every USD Coin in circulation is backed by $1 held in reserve, of both cash and short-term U.S. Treasury bonds. The Centre consortium created USDC and it is issued by regulated financial institutions.USD Coin’s mantra is “digital money for the digital age” as allows businesses to accept payments in digital assets, with a goal to create an ecosystem where USDC is accepted by as many wallets, exchanges, service providers and dApps as possible.

Stellar was released in 2014 by Jed McCaleb and Joyce Kim, and originally based on the Ripple protocol.&nbsp;

Ripple (XRP) was founded in 2012 by Jed McCaleb and Chris Larsen. Compared to other cryptocurrencies, Ripple takes much less energy and time to confirm transactions.

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Block Explorer

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Website

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White Paper

Polygon is a layer-2 scaling solution with side-chains for off-chain computation, while ensuring asset security using the Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators. It aims to offer scalable and instant blockchain transactions.&nbsp;MATIC is an ERC20 token used to pay for services on the Polygon Network, but also serves as a settlement currency between users who operate within the Polygon ecosystem.

Terra started in 2018, and its mainnet was launched in 2019. The LUNA token is used to stabilize the Terra protocol's stablecoins, and its holder are able to submit and vote on governance proposals.&nbsp;The Terra blockchain officially halted at block 7607789 in May 2022. The original Terra Chain has been rebranded as Terra Classic (LUNC).&nbsp;

Binance USD (BUSD) launched in September 2019 by Binance and Paxos and is a 1:1 USD-backed stablecoin. The New York State Department of Financial Services (NYDFS) approved and regulates BUSD, and its Monthly Audit Report can be viewed on its official website.&nbsp;Paxos has indicated that 96% of the assets backing BUSD are held in cash and cash equivalents, while 4% are invested in U.S. Treasury bills, as of June 30, 2022.

Fasttoken (FTN) serves as the primary crypto asset of the Bahamut blockchain, a public, EVM-compatible layer-1 network built on a distinctive Proof of Stake and Activity (PoSA) consensus model. Within the Bahamut ecosystem, FTN is essential for powering native and liquid staking, facilitating block validation, and supporting cross-chain interactions. It is also a key asset in the broader Fastex ecosystem, with applications spanning multiple industries, including iGaming and decentralized finance (DeFi) platforms.