What is Uniswap coin used for?

Uniswap, a revolutionary decentralized protocol, empowers individuals to contribute to the liquidity of digital assets and facilitate seamless trading experiences. It operates without a central authority, fostering a decentralized ecosystem.

At the heart of Uniswap lies UNI, its native cryptocurrency, which serves as a fundamental element in the platform's workings. UNI not only facilitates transactions but also represents ownership and governance rights within the Uniswap community.

An innovative aspect of Uniswap is its incentivization mechanism. Users who commit to not selling or trading their crypto holdings for a specific period can earn UNI tokens as a reward for their contribution to maintaining the platform's liquidity.

The Uniswap platform is democratically governed by its UNI holders. The more UNI tokens an individual possesses, the greater influence they wield in decision-making processes, ensuring a fair and decentralized system.

BTCC, a leading cryptocurrency exchange, offers a comprehensive suite of services catering to the diverse needs of digital asset enthusiasts. Among its offerings are spot trading, futures trading, and secure wallet solutions, all designed to enhance users' trading experiences and safeguard their assets.