How to buy/sell UNI (Uniswap) on Huobi Cryptocurrency exchange?

UNI (Uniswap)

Uniswap is the world’s largest decentralized exchange protocol built on the Ethereum blockchain, providing non-custodial trading of ERC-20 tokens.

How to buy UNI (Uniswap) on Huobi?

Follow the easy 4 steps below to buy UNI (Uniswap) on Huobi.

1. Register a Huobi Global account
   Provide an email address, create a username, and choose a secure password.
2. Verify your account
   After registering and verifying, all you need to do to buy Bitcoin is to provide your name, date of birth, country/region and phone number. For verification information, see the verification documentation.
3. Deposit in fiat currency or cryptocurrency
   To deposit cryptocurrency, you only need to check the encrypted address on Huobi Global and send funds to that address. There are many ways to use fiat currency to fund your account for transactions, including credit cards, cash, and other cryptocurrencies.
4. Start buying Bitcoin on Huobi
   Once your fiat currency or cryptocurrency is in your account, you can start buying Bitcoin. Through your Huobi Global account, you can get trading charts, 24-hour global customer support, and UNI (Uniswap) derivatives trading.

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What is UNI (Uniswap)?

Uniswap is a decentralized trading protocol built on the Ethereum blockchain that provides non-custodial trading of ERC-20 tokens. Its first version (Uniswap v1) has been running since November 2018 (released at DevCon 4), while the second version (Uniswap v2) was released in May 2020.

In Uniswap, users can exchange tokens, add tokens to a pool to earn fees or add token trading pairs without trusting any central intermediary. Since all interactions are directly on-chain, transaction fees are incurred, so at the time of writing Uniswap has become the most important fee provider on the Ethereum public network and the most widely used distributed application.

Uniswap is built on a unique system called Automated Market Maker (AMM). At its core is a pool of two ERC-20 tokens to create liquidity. As a reward for liquidity terms, parties (liquidity providers or LPs) collect exchange fees that are incurred each time an individual exchanges tokens. In Uniswap v2, the swap fee is set at 0.30% of notional volume. The fees collected are allocated to the pool’s reserves. After the protocol switch is turned on, UNI holders will be charged 0.05% of each transaction fee, while the reward for liquidity providers will be reduced to 0.25%.

Although not the first AMM, Uniswap is popularizing automated market maker protocols, giving rise to competing protocols like SushiSwap that rely on its audited open-source code.

UNI is an ERC-20 governance token on the Ethereum blockchain, token holders control over Uniswap protocol governance, UNI token community funding, protocol fee conversion (if activated, 0.05% of fees will be covered by UNI tokens Holders charge), eth ENS, Uniswap default token list (tokens.uniswap.eth) and SOCKS liquidity tokens, etc.

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