YOUC and Uniswap
The YOUcash token (YOUC) is now available on the automated liquidity protocol Uniswap. You can now swap (trade), or pool your YOUC tokens to earn!
Read this article to learn about the great benefits achieved with Uniswap listing.
Making a swap is similar to buying and selling. Just click here on the arrow to chose swap out (for selling YOUC) or swap into (for buying YOUC). Then connect to your MetaMask wallet to confirm a trade.
Currently, there is only YOUC/ETH market pair. But anyone can create any new [YOUC / any ERC20 asset] pair at any time. So, keep watching available Trading Pairs for YOUC on Uniswap here. Also, regularly check all other exchanges and market pairs to trade YOUC tokens.
To make a pool you need to have YOUC tokens and counter-side assets (for example ETH). You can provide liquidity into the most popular market pair YOUC/ETH on Uniswap. Just go to the YOUC/ETH pair page and click on the "Add liquidity" (as shown in the picture below). Alternatively or in addition, you can create any new market pair pool with YOUC token.
By adding liquidity you earn 0.3% of all trades on this pair proportional to your share of the pool. The fees are distributed according to each liquidity provider’s share of the pool. Fees are added to the pool, accrue in real-time, and can be claimed by withdrawing your liquidity.
On classic centralized exchanges like Binance, market makers, buyers, and sellers provide different liquidity at different prices. They choose to make trades at various prices called ASKs and BIDs. Now imagine that Binance aggregates all buy and sell orders into two large trading pools. Uniswap does that exactly, so buyers and sellers are unable to specify the price at which they are willing to buy or sell YOUC tokens.
When you trade on Uniswap it uses the "constant product market maker model" algorithm. It means, for example, that the token price will be gradually growing when the number of buying orders increases. Therefore, traders don’t’ have to worry about insufficient liquidity. The YOUC token can always be traded effectively now!
Anyone can easily swap (trade) YOUcash tokens on Uniswap. Buyers and sellers don’t have to get registered and pass KYC as on centralized exchanges. To trade youc on Uniswap you just need to have Metamask installed on your browser.
YouEngine will add the youc token logo during October-November 2020. So, the logo will appear on the Uniswap interface.
To avoid any fake tokens imitating YOUC, YOUengine’s team is planning to add YOUC token to Uniswap’s default token list (dropdown menu). It may happen during November-December 2020. Meanwhile, use the right YOUC token smart contract address: 0x3d371413dd5489f3a04c07c0c2ce369c20986ceb.
Uniswap is a hyper-popular decentralized exchange. It takes over 55,6% share on the decentralized exchange market. Uniswap has a $217M-350M daily volume. The number of traders has hit 70,000 recently.
After the last updates, Uniswap operates as Uniswap V2. This new version brings many improvements to the protocol. They relate to the swapping and liquidity mechanisms. The main updates include:
YOUengine is a decentralized, tokenized advertising platform where over 200 million advertisers connect with 4 billion users who get paid to watch ads. The YOUcash (YOUC) token is used to make direct, fast, and cheap cross-border transactions between advertisers and YOUapp users. Find more information on youengine.io and youengine.com.
CoinMarketCap is coming soon!