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Topic: Uniswap UNI Token Farming Ended November 17 (Read 161 times)

full member
Activity: 680
Merit: 103
November 28, 2020, 12:16:19 PM
#8
People who have studied the cryptocurrency market well believe that nothing new will happen with UNI tokens. After the initial hype, the apparent prospects for trading this coin will come to naught.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
November 19, 2020, 09:55:09 AM
#7
I believe there will be a moment when uniswap both will have yield farming options, liquidity providing options and I am not a tech person so I don't know how it works but I am sure there will be dividends for transactions as well that will cost a bit. When you hold uniswap and you can spend it all three ways, it will be very valuable to just use it or even hold it if you just want to hold it.

The future of this project looks big but right now it is not looking like it is going to change it today, so I think price shows the value of it today and not what it could be, which normally is a great thing when you are doing an investment, you want to invest for what it can be while buying at the price of what it is today. This is why I am considering a buy of 100 bucks or so to see what will happen with it.
hero member
Activity: 1974
Merit: 502
Vave.com - Crypto Casino
November 19, 2020, 08:57:44 AM
#6
It looks like this is the end for Uniswap, if seen from the price I guarantee that the price of UNI will drop sharply after the farming is complete,
because we know liquidity has been deleted, of course this makes UNI weaker, especially if UNI's supply circulation is already a lot and Demand is low, then UNI will not be able to grow again in terms of price.

Can you share some of the track history of how this situation tend to occur? What I am aware about UNI was promising, and yet this news explodes unexpectedly hearing that the price won't recover. We can't predict what will really happen in the next few months, because cryptocurrency is still developing its strength in order come up a sustainable solutions for our dying assets.
full member
Activity: 896
Merit: 198
November 19, 2020, 01:48:23 AM
#5
Time re relocate money in new hot projects. Personally me is investing in new NFT farming pool - https://www.kingswap.io/
Any liquidity pool can be hacked but not  @DeFi_KingSwap where you can get insane APY with @DeFi_KingSwap You purchase KING NFT and get 10k rewards per block. No risks at all.
Worth a shot. Highly advise to investigate

Lol , every investment has a risk why  you say that there is no risk at all when you invest in that project ? Once you deposit or invested your money in a project the risk already started don't say that there is no risk it's impossible.

And stop spamming other thread with your project if  you know your reply is not related to the topic .
hero member
Activity: 2338
Merit: 953
Temporary forum vacation
November 19, 2020, 01:14:38 AM
#4
Not Uniswap user so no interest in UNI but now you are saying that the first purpose for UNI was for yield farming,,, but from all the news I read out there about the airdrop, was it not supposed to be a governance token?

And now you can farm with it? I do not know about you guys but this sounds real weird to me:)
jr. member
Activity: 312
Merit: 2
November 18, 2020, 02:39:27 PM
#3
Time re relocate money in new hot projects. Personally me is investing in new NFT farming pool - https://www.kingswap.io/
Any liquidity pool can be hacked but not  @DeFi_KingSwap where you can get insane APY with @DeFi_KingSwap You purchase KING NFT and get 10k rewards per block. No risks at all.
Worth a shot. Highly advise to investigate
hero member
Activity: 1876
Merit: 512
November 18, 2020, 12:32:03 PM
#2
The problem with Uniswap is that it is a VC project and these VC's are going to protect their investment, good for them that they have the first mover advantage and other DEFI projects are set to take advantage of this opportunity, to be sincere I like what Sushi is doing now, trying to create their own path and niche, time will tell if they are true to their cause
newbie
Activity: 10
Merit: 0
November 18, 2020, 11:07:05 AM
#1
https://cryptoxicate.xyz/wp-content/uploads/2020/11/UNISWAP_FARMING_ENDS_SMALL_Banner_Cryptoxicate_com.png

Uniswap UNI Token farming ended


Always take in consideration non of this information is financial advice, I'm no expert and this is just my personal opinion on certain project mention on this article, cryptocurrencies are extreme high risk assets and you must do you own research


After the biggest airdrop probably in the history of crypto, I’m not sure about that, the first purposes of the $UNI token was yield farming and also be use as the governance token for the platform, Uniswap offer a 60 days of yield farming through four liquidity pools, at the moment of this post holding over $1 Billion USD on ETHEREUM, based on current ETHEREUM price.

I first got into Uniswap because of Celsius Network, I was at first really attracted to the option to hold crypto and be able to make a loan based on the asset until I understood the risk, although Celsius Network was an awesome investment for me and I have been buying again.

After buying CEL at $0.35 cents to then sell at $0.75 I totally got out of it but in the processes I remember using up to three wallets and with that came the biggest airdrop I have ever get TOTALLY FREE, $3,348 USD in UNI tokens at a value of $2.79 per token, I woke up check twitter and got a bunch of tweets about a UNI airdrop, sold my first 400 and then find out that I had two more wallets, the same happen to a lot of people, I knew there was going to be some hype around it but didn’t want to risk it on FREE MONEY!!! It was already 100% profit so then the price went up until Binance listed on their futures platform, after that a roller coaster started, at first I didn’t long it but when Bears turn up the heat and dump all that UNI from $8 started to short it. Recently the price reach drop to $1.82 and it has been recovering to $3.82, that’s a nice recovery although the future of the token price is not so bright in the short term.

https://cryptoxicate.xyz/wp-content/uploads/2020/11/4Cryptoxicate_com.png

Going back to the liquidity pools, besides all the free UNI tokens going around the market this pools were generating 583,333 UNI tokens, per pool, peer week being paid to all the participants, IN MY HONEST PROBABLY WRONG OPINION that’s a lot of selling pressure coming their way, yes a lot of people probably panic and usually investors who cant sit on their hands meaning they need that money, that includes me btw; sell the tokens but those who believe in the project and can wait just let them panic and buy back, such action creates a pump like the one we saw few days ago, regarding the price it seems a bit over extended after the recent pump and the use of the token now that this pools are going to shut down is basically have a saying in the DEX direction but you need to hold a lot of UNI for that.

Here their most current Uniswap Liquidity Incentive Plan

https://cryptoxicate.xyz/wp-content/uploads/2020/11/Pasted-into-Uniswap-UNI-Token-Farming-Ended-November-17.png

https://gov.uniswap.org/t/discussion-uniswap-liquidity-incentive-plan/8590

I share the opinion that the UNI token was just a reaction to the vampire attack from Sushiswap in the short term, now they have a token that I really don’t know if it has a value, I don’t hold any UNI at the moment but I’m tempted to buy some since they may have something cooking backstage, I had the idea UNI could be a second BNB probably reaching same price targets of $50 since its basically the exchange with the most volume PERIOD, but with pools shutting down and besides governance I hope when UNISWAP v3 comes out there is something interesting or at least the UNI token provide some yield or some other use case within the platform, right now buying UNI is not within my plans because I don’t have the necessary liquidity since I’m just holding my long term BTC and ETH besides a couple of tokens I use on a daily basis for other platforms that currently pays me some sort of dividend.

I like sharing my opinion, never a fanboy of any project, and always been as impartial as possible, hope this helps you to understand my concern about the project and price of the token.

Thanks for your time and for reading my article.

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