New | Uniswap now on imToken🦄
Start using Uniswap to exchange tokens 🦄 and earn the trading fee️🌈
Uniswap is now live on imToken! ️🌈 Open up your imToken wallet and:
- Earn money💸 by pooling tokens in liquidity pools
- Trade📈 on imToken’s built-in exchange to receive the best price between Kyber and Uniswap
Uniswap is a public, open source, non-profit project. There is no central token or platform fee.
How Uniswap works
0x, Kyber, IDEX are all exchanges … And each and every of those exchanges has to have tokens available, for users to buy. The way Uniswap gets those tokens is different from many other exchanges. Read below, how it actually works.
In fact, you as an imToken user are able to supply tokens to Uniswap as a so-called liquidity provider. You simple deposit tokens into one specific liquidity pool, for example the ETH/DAI liquidity pool.
Sending one transaction of ETH and an ERC20 (in equal amount by value) of your choice is enough to start earning.
Now the ️🌈🦄 part!
After supplying liquidity, you are rewarded with a 0.3% fee from every trade that happens on that specific liquidity pool.
Let’s say another user now buy DAI for ETH. You will now get 0.3% of the ETH value traded proportional to your share in the pool.
This fee is dispersed to all liquidity providers divided by each provider’s share of the liquidity pool. If your deposit accounted for 50% of the pool, you would receive half of that 0.3% fee.
More detailed, the fees are as follows:
- If someone buys an ERC20 token for ETH (like in our example above), the liquidity providers receive 0.3% of the ERC20
- If someone buys ETH for an ERC20 token, the liquidity providers receive 0.3% of the ETH
- If someone trades ERC20 to ERC20, the liquidity providers receive 0.3% on the first ERC20 exchange (ERC20/ETH pool) plus another 0.3% on the second exchange (in the second ERC20/ETH pool)
We hope that gave you an quick overview of Uniswap and how you can use it. For more details, check out the Getting Started guide on uniswap.io here.
About imToken
imToken is the world’s largest Ethereum digital asset wallet, whose users produce ~10% of all Ethereum transactions. imToken provides access to Ethereum, BTC and EOS.
Our amazing new imToken 2.0 International introduces features, such as:
- Send BTC Segwit, ETH, EOS transactions with Face-ID and fingerprint to friends via the address book (decentrally synchronized over IPFS)
- One-Click trade on the native Decentralized Exchange: Tokenlon
- Store your tokens securely on your old mobile phone using the secure Cold Wallet setup or get imKey
- Check out DApps in the open DApp browser
