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Home COINS

UniDex Coin (UNIDX) Review : Is It Good Or Bad Coin Read Our Article

Bixer Simond by Bixer Simond
15/05/2023
UniDex Coin (UNIDX) Review : Is It Good Or Bad Coin Read Our Article
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About UniDex

UniDex is the exchange token for the UniDex decentralized exchange. UniDex aims to bridge the gap between centralized exchanges in both crypto and traditional financial markets into DeFi. UniDex aggregates trading opportunities across multiple liquidity pools and protocols to give traders to smallest slippage possible while also delivering options, leverage products, and lending markets all at the same time.

UniDex is a DeFi platform that aims to provide a hub for traders to access the best rates for financial instruments within the ecosystem. They envision UniDex as a platform similar to NASDAQ, where traders can place orders for any type of financial instrument, and UniDex will route the order to the best available rate against hundreds of sources & matching orders.

UniDex Coin Wallets Point Table

Coin BasicInformation
Coin NameUniDex
Short NameUNIDX
Circulating Supply3,581,022 UNIDX
Max Supply4,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

UniDex Price Live Data

Token

UNIDX is the exchange token for the UniDex trading terminal. UniDex aims to offer holders a more fair system of product user, and product owner.
‍UniDex collects trading fees for reveuene generating transactions on the platform such as leverage trades. These fees are then distrubuted to token holders similar to other protocols like Sushiswap.

How To Use UniDex Token

Grow your wealth

50% of all trading fees generated gets distributed to token holders automatically and daily. No need for complicated staking systems or vaults. Just hold and get airdropped your rewards.

As a governance tool

The second way to use UNIDX token is as a governance tool where users can vote for changes and additions to the exchange using UNIDX tokens. UNIDX rewards are made to be sent daily on their respective chains however sufficient revenue needs to be collected in order to do daily airdrops. As of writing airdrops are currently weekly distributed as USDC on the Fantom network. Rewards from the calculator assume a 0.1% performance fee is collected from all products however protocol fees may vary from product to product.

Rebrand

UniDex is undergoing a rebrand in 2023 due to the launch of its own App chain, revised meta-aggregator, new leverage aggregator, and trading terminal. They feel that due to the new services and decentralized infrastructure we’ve released/are coming. UniDex should not be attached to the word “Dex” nor close to the uniswap name.

They aim to create an experience good for traders at every integration level, including swaps, perps, options, tools, charting data, information, rpc services, subgraph endpoints, lending markets, marketplaces, software, mobile operating systems, and much more.

The rebrand will take place with the official mainnet launch of our app chain. This means that until upgrades to the connected hub chain (hub chains cosmos, optimism, or even DOT) are finished, we will won’t be moving forward as our app chain would not be in mainnet status.

UniDex Platform

UniDex provides three distinct advantages over other individual platforms offering perpetuals in DeFi.

1. Using the UI, leverage trades are aggregated and orders are executed against the best rate against multiple leverage protocols, including perpetual protocol, GMX, Cap finance, and UniDex’s leverage platform. There are many more included; you can find a more exhaust list here.

2. Any trading pair is supportable on the platform. This means traders can access any market so long as they have access to the internet. Stocks, crypto, indices, and more are all available to the user.

3. Shared liquidity is vital for multiple assets and structured product offerings. All assets trade against a single pool which allows obscure or uncommonly traded pairs to offer deep liquidity, unlike existing leverage protocols that can struggle to fill an order book.

UniDex Features

The Most Powerful Aggregation Layer in DeFi

The power to aggregate all activity in DeFi at your fingertips. We aggregate AMMs, derivatives, aggregators, and more for you.

The most integrated ecosystem in DeFi history

UniDex has an endless list of integrated platforms for traders and analyst alike. With new partners everyday, UniDex lets you interact with all of DeFi from one portal.

Best-in-class trading terminal

UniDex provides a constantly updated trading terminal for both basic and professional traders. With integrations like TradingView™, you can trade with confidence with cutting edge tools.

Powerful & Open API / SDK

The API is completely open for any developer or platform to utilize. Best-in-class uptime and performance for any platform to supercharge their userbase’s experience.

UniDex Roadmap

Roadmap

Meet the team

50% of the product is the traders, and 50% of the product is the team. It’s philosophy for our tokenomics, and here you can meet the faces building the ecosystem behind UniDex.

Meet the team

UniDex Conclusion

As a decentralised exchange platform, UniDex offers a variety of distinctive characteristics that distinguish it from other decentralised exchanges. Users get access to special features including lower trading fees and stake incentives because they are using the UniDex exchange token. In order to give consumers access to a variety of assets and marketplaces, UniDex also wants to close the gap between centralised exchanges in both traditional and cryptocurrency financial markets and DeFi.

The ability of UniDex to aggregate liquidity across multiple pools and protocols allows it to provide traders with little slippage and increased profitability, and the simultaneous inclusion of options, leverage products, and lending markets enables users to diversify their portfolios and use sophisticated trading strategies. In general, UniDex is a fascinating option for traders looking for a decentralized exchange platform that offers advanced features, reduced fees, and access to a wide range of markets.

UniDex FAQ

What is UniDex?

UniDex is a decentralized exchange platform that allows users to trade cryptocurrencies and other assets in a secure, decentralized manner.

What is the UniDex exchange token?

The UniDex exchange token is a cryptocurrency that is used on the UniDex platform to access exclusive features, such as reduced trading fees and staking rewards.

How does UniDex differ from other decentralized exchanges?

UniDex differs from other decentralized exchanges by aggregating liquidity across multiple pools and protocols to offer minimal slippage and improved profitability for traders. Additionally, UniDex offers advanced features such as options, leverage products, and lending markets all in one platform.

Is UniDex safe to use?

Yes, UniDex is a decentralized exchange platform that is designed to be secure and transparent. However, as with all cryptocurrency exchanges, it is important to take precautions to protect your funds and personal information.

How can I access UniDex?

UniDex can be accessed through its website, and users can connect their wallets to start trading on the platform.

Bixer Simond

Bixer Simond

Bixer Is Long Term Writer & Editor At Woodfi . His Hobby Is Writing Article For Wootfi Visitors . His Main Focus Area Is Crypto , Affiliate , Blockchain , NEFT , ICO . In Free Time He Loves To Research New Things

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All content on Wootfi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. For More Details Contact Us At - [email protected] .