Join 48,565 users and earn money for participation

UNI Token & Upcoming Trends in De-Fi

7 43 exc boost
Avatar for idiosyncratic
Written by   90
4 months ago

In recent days, 106.000+ people claimed their tokens and the generosity of Uniswap hyped a lot. The first time that came across with the airdrop, I thought that thousands of people will give birth to dump in price. Yet, something unexpected took place; the price went up and vast majority of token holders were considering to invest these tokens. I assumed the rising of a new era with the debut of UNI. So it begins...

I believe that it is just nothing at all. It is certain that money is created from nothing. The reason why I refer to it as nothing is partly because it is not backed by something in the real world. Kind of "hocus pocus" but let's be clear, the paradigm has already shifted and here is the new normal crypto world 😅

Some concepts gained more importance such as "volume", "users", "partnership" or even "news" and they are enough to create a new digital asset. Just check the situation from a bigger perspective, which reveals the situation that being the users of the social media platforms, we are selling our time and attention, things are becoming clearer. Maybe it is true that we are the products.

What was great about UNI is that they created specific pools for UNI token parity. Without these pools, it would be too superficial and these effects would not be observed.

Thanks to the pools it turns into:

You did nothing to receive these tokens ✓

(you were considering to sell) ------> HEY, do not sell them, they can work for you

Add liquidity -------> the money coming from the sky brings more money for you...

If it is the DEX with one of the highest volume, then it is okay for me (though, it is not supposed to be)

Some people think that: If UNI did it, Everyone can (!)

Sadly though, they cannot. Uniswap gives birth to a new way of attracting people and it is popular because it is the pioneer of this action. Look at the centralized exchanges, they all listed UNI even though they are competing to grab us.

Question: Is it "if you can't them, join 'em?" or something else. To be honest, I could not conclude until now 😅

Nowadays, the rival DEXs are under pressure

Due to the brilliant move by Uniswap. People gossip about the unreal Token airdrops coming from the other DEXs. However, how long will they keep talking about them if they are not served what is expected? Not for a loooong time...

The chart by glassnode states a lot of things that are coming. Maybe, it is the hardest time to control yourself so as not to scatter and waste your Ethereum. Besides, "maybe" it is the first time ever Bitcoin is forgotten because of Ethereum. Bitcoin matters for us but let's be honest, we sleep with Ethereum, we wake up with it.

Whenever you are about to invest in something overhyped, just remember the chart by Glasscode to realize the importance of your assets. Look around, COVID is uncontrollable; governments are printing money, people lose their sanity.

UNI will never be the only one with such hype. The action was devastating and it will be duplicated by many others. However, they may not bring happiness like UNI.

We all are earning; not earning money in crypto requires additional effort and I believe it is nearly impossible. One skill that we should develop is to get into the right train at the right time then the rest will be done.

We will see many DEX tokens distributed to the users as in UNI situation. However, do not put your money under risk for the sake of hocus pocus tokens. Be careful and act wisely.

Thanks for reading.

If you have any experience or comment, please share with us.

50
$ 9.39
$ 9.38 from @TheRandomRewarder
$ 0.01 from @tired_momma
Sponsors of idiosyncratic
empty
Avatar for idiosyncratic
Written by   90
4 months ago
Enjoyed this article?  Earn Bitcoin Cash by sharing it! Explain
...and you will also help the author collect more tips.

Comments

great article my dear friend I have subscribe you dear you a Successful writer I hope that you pray form me to become a successful writer my dear friend

$ 0.00
3 months ago

Excellent post

$ 0.00
4 months ago

nice

$ 0.00
4 months ago

I don't know anything about UNI and it's been long time since I joined airdrop. All I know I get nothing from it lol. And oh there's one that I tried to put money on and got it doubled and I'm happy enough but I can't remember the name (sign of ageing). And if you know Shinecoin, coz my friend in Thailand invest like 10 grand on it while at first he said he's making money now I think it's been abandoned. Someone taking over but told him to be cautious next time. But I keep hodling btc, bch, eth and xrp (not much). 😄

$ 0.00
4 months ago

That would be the best investment for your crypto portfolio. UNI airdrop is iniciated by a Decentralized Exchange and 400 UNI was worth $2500... 😌

$ 0.00
4 months ago

UNI tokens on its own has made a lot of people joyous over these few days for it's airdrop and also has caused a severe ruse in Ethereum over the past few days as people convert it into ETH.

Basically for me, that coin might not die or get missing soon since it is initiated by one of the most trusted exchange platforms ,(that doesn't make it a guarantee though) but also it is still being distributed based on "pools* so.wgi ever joins a specific one gets an advantage to accumulate more making it still be in the system.

I think the more people hold an token , the more the probability to hold it's value and it is happening in the case of UNI.

This is my view and I stand to be corrected.. Thabk you..

$ 0.00
4 months ago

Totally agreed. It was the first major step taken by a DEX to compete with Centralized ones. New opportunities will show up. I really wonder both the actions of UNI and the upcoming ones over DeFi 😌

$ 0.00
4 months ago