UniWswap – The next leading AMM on ETHW Chain

UniWswap is the Leading DEX on Ethereum PoW, allowing users to earn through liquidity provision, token trading and high yield farms.

Information just updated, UNIW is coming to Arbitrum. Read more below.

What is UniWswap?

The UNIWSWAP protocol is a peer-to-peer1 system designed for exchanging cryptocurrencies (ERC-20 Tokens) on the Ethereum POW blockchain. The protocol is implemented as a set of persistent, non-upgradable smart contracts; designed to prioritize censorship resistance, security, self-custody, and to function without any trusted intermediaries who may selectively restrict access.

How does the UNIWSWAP protocol compare to a typical market?

To understand how the UNIWSWAP protocol differs from a traditional exchange, it is helpful to first look at two subjects: how the Automated Market Maker design deviates from traditional central limit order book-based exchanges, and how permissionless systems depart from conventional permissioned systems.

Features of Uniswap

AMM

The UniWSwap protocol uses an automated market generator (AMM).

Most publicly accessible markets use a central limit order book style of exchange, where buyers and sellers create orders organized by price level that is progressively filled as demand shifts. Anyone who has traded stocks through brokerage firms will be familiar with an order book system.

The UniWSwap protocol takes a different approach, using an Automated Market Maker (AMM), sometimes referred to as a Constant Function Market Maker, in place of an order book.

At a very high level, an AMM replaces the buy and sell orders in an order book market with a liquidity pool of two assets, both valued relative to each other. As one asset is traded for the other, the relative prices of the two assets shift, and a new market rate for both is determined. In this dynamic, a buyer or seller trades directly with the pool, rather than with specific orders left by other parties. The advantages and disadvantages of Automated Market Makers versus their traditional order book counterparts are under active research by a growing number of parties.

Swaps

Swaps are the most common way of interacting with the UNIWSWAP protocol. For end-users, swapping is straightforward: a user selects an ERC-20 token that they own and a token they would like to trade it for. Executing a swap sells the currently owned tokens for the proportional[1] amount of the tokens desired, minus the swap fee, which is awarded to liquidity providers2. Swapping with the Uniswap protocol is a permissionless process.

Swaps using the UNIWSWAP protocol are different from traditional order book trades in that they are not executed against discrete orders on a first-in-first-out basis — rather, swaps execute against a passive pool of liquidity, with liquidity providers earning fees proportional to their capital committed

Referral

Bonus 1% bonus for users referred by you.
The rewards will be minted as extra and won’t affect the user reward.
To be valid the user should deposit in the farm without closing the browser

Once a referrer is setted is valid for all the future rewards of the user in all the future farms

Example:

Address 1 referred Address 2

Address 2 deposit 100 UNIW in farm and harvest a reward of 10UNIW after some hours. Address 2 receive 10 UNIW and Address 1 receive 1 UNIW

Tokenomic

Key Metrics UniWswap Token

Token Name: UniWswap
Ticker: UNIW
Blockchain: EthereumPoW
Token Contract: 0x2a0cf46ecaaead92487577e9b737ec63b0208a33
Total Supply: 500.000 UNIW
Max Supply: 50.000.000 UNIW
Circulating Supply: Updating…

Update: Burned Team Tokens

During the initial IDO the team decided to burn their allocated tokens. Actually the team does NOT have any team token. The only source of income is from DEX and FARM fees.

Burning Tx: https://www.oklink.com/en/ethw/tx/0xe68802c9865fec4c39d595f70c2aba7c3e6c3862898c9bda367fe48ecc5a0660

How to use UniWswap?

Swap steps

Step 1. Go to https://app.uniwswap.com/#/swap and go to app.
Step 2. Connect the wallet to PoWSwap (make sure to have some Ethereum to pay the gas fee).
Step 3. Select the token you want to swap and enter the amount or click “Max”, then select the token you want to swap.
Step 4. Double check your transaction details, click “Swap”.
Step 5. Wait for the transaction to complete and see your new tokens automatically appear in the wallet.

Provide liquidity

Step 1. Go to https://app.uniwswap.com/#/pool and go to app.
Step 2. Connect the wallet to PoWSwap (make sure to have some Ethereum to pay the gas fee).
Step 3. Click the Pool tab and then click Add V2 Liquidity, which will bring you to the screen above. Then just select the input token to create your pool (please note that the amount of the 2 tokens need to match in monetary value, for example: POW $100 – ETHW $100)
Step 4. Approve for token access.
Step 5. Confirm.

Farming Steps

Step 1. You need to provide liquidity to the LP pools listed at https://farm.uniwswap.com

Step 2. You can stake those LP tokens in the farm to get rewards.

UNIW is coming to Arbitrum

Launch Timeline

The Arbitrum launch is very near and here is the timeline you should follow in the next week:

27 December: Smart Contract Testing, Frontend Connections
31 December: Frontend Reveal on Arbitrum/Airdrop Address Collection
2 January: Presale Launch
3 January: Presale end, Liquidity Setup & Farm Launch
4 January: Snapshot of the Airdrop Addresses & RDM Token Claim

UniWswap update – UNIW is coming to Arbitrum

Token Metrics

The token metrics on Arbitrum will remain the same as the ETHW ones at launch. Therefore:

Total Supply: 5.000.000 UNIA

Airdrop Allocation: 10% (Utilised for ETHW users)

To show our gratitude to the loyal users that have had our back for the past 3 months, the team will not have a token allocation of UNIA , but there will only be an Airdrop Allocation for ETHW users.

We have also decided to keep the supply of UNIA quite restrained and scarce at only 5 Million tokens.

Arbitrum Presale Details

The presale on Arbitrum will take place on January 2nd at 6 PM UTC and will have a duration of 24hrs. The presale methodology is fair launch, therefore once the softcap is reached users can keep entering until the presale timer runs off. The only thing changing after the softcap is passed is the amount raised, and the initial launch price of the token.

Softcap: 20 ETH
Tokens for Presale: 50000 UNIA
Price per UNIA: $0.50

ETHW to Arbitrum UNIW Token Conversion

In order to make things as fair as possible for users we are giving UNIW holders the option to convert their UNIW to UNIA, during a limited time period where they can access a pool that unlocks their UNIA on a vested 2 month schedule.

The amount of UNIA you will end up with may be lower than the initial UNIW amount since UNIA is a higher value and more scarce asset.

From the 31st of December users will have 5 days to enter their tokens in the conversion tool. Our contracts will accumulate the addresses entering, their token amount, and at the end of the 5 days your RDM tokens (redeem token) will be unlocked.

Afterwards, you will be able to stake the RDM tokens in a pool that will unlock UNIA gradually for the next 2 months.

This solution will help us avoid major FUD on the Arbitrum side, without alienating already existing users that don’t want to join a new presale.

Launch Features

UNIA will launch as a farming protocol on Arbitrum, featuring our brand new Locked Farms. Post Launch we will release our new Roadmap where we will show all of the features we will focus on in the Arbitrum Ecosystem.

More news is coming in the next few days covering in depth functionality of the locked farms and much more. For any questions feel free to join UniWswap Telegram Group.

Socials

Website: https://uniwswap.com/

Twitter: https://twitter.com/uniwswap

Group: https://t.me/uniwswap

Medium: https://medium.com/@uniwswap

Summary

Above is information about PoWSwap and UniWswap – Project details and transaction instructions. Hopefully this article will help readers get more information about the PoWSwap and UniWswap projects. These are two relatively new projects in the new ecosystem, so the trust of users is still quite poor.

Disclaimer: This article is for informational purposes only and is not investment advice.

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What is UniWswap? The first DEX on Ethereum PoW – Coming to Arbitrum

UniWswap – The next leading AMM on ETHW Chain