A big event happened yesterday, Uniswap issued Token.
At first, everyone thought that the most sensational event this year was the launch of Polkadot. Unexpectedly, after just over two months, there was even more sensational news.
The reason for using “more sensational” is because Uni’s treatment is impossible even for Polkadot-which project have you seen, within a day, the three major trading platforms + Coinbase Pro are directly online?
I don’t know if there will be no one in the future. I am very sure if there is no “coin” before!
Many groups are happy, you think, nearly 10,000 yuan fell from the sky, this surprise is really coming too fast. The strength of this airdrop is only comparable to that of the 1000 ONT on the body. But the main body has to be subscribed. Uniswap is more simple and rude. As long as you have used it, you will be given 10,000 yuan to thank users for their support.
This pattern, this boldness, this means…
Hey, I really don’t know what to say.
Regarding the details of the token distribution, the upcoming liquidity mining, etc., I believe that the media has already swept the screen yesterday, so I won’t be burdensome here. Let’s talk about something else, talk about your reaction to this event, because this probability is closely related to how much money you make in this wave of Defi, your understanding of the market, and the level of investment (chao bi).
Of course, the following content is basically only for retail investors like you and me. If you only play BTC, you also have a large account with hundreds of thousands of BTC in your hand, or have a small goal for a long time, then these are not applicable to you, just take it as a joy.
Often fail
I’m indifferent to this, I haven’t even heard of Uniswap
There is a saying-have you never eaten pork, have you never seen a pig run?
Uniswap is the pig, but it is a golden pig.
This wave of DeFi boom, roughly calculated, has been at least four months. In 2019, I have never heard of Uniswap as a normal thing. In 2020, in September, if you hear the news of Uniswap, you will be embarrassed-“Huh? Uniswap, what is this, a trading platform? How to download App?”
I am sorry to tell you that you are seriously out of touch with the circle.
So there is a high probability that the structural bull market up to now has nothing to do with you.
Fail
Heard of Uniswap, but never used it
You must have heard the myth that Uniswap 1 ETH goes in and 500 comes out in various groups.
Of course, there is a high probability that hundreds of ETH will go in, three to five will come out, and even the negative teaching materials that are directly swept away by scam projects.
So you may hesitate, hesitate, worry that if you go in, you will be cut off. So, you choose to be a spectator.
That’s right, Uniswap is such a big block, and some people call him a meat grinder. There is no review here, and you can list coins at will. It is a wild place in the industry, but at the same time it is very lively.
Whether it’s the two-month million-fold YFI or a series of follow-up “uncle” imitations, some time ago, the second and third line CEX included three crazy pursuits of new DeFi currencies. Their starting locations are almost without exception. Uniswap.
Even some time ago, the top three have become a bearish on the prices of many currencies. Price discovery has been fully completed in Uniswap, and the top three have become the best place for many early users to “ship”.
Coming to the industry is a brave step in itself. Why don’t you continue to move forward, and continue to be more courageous. Come to this DEX that better reflects the spirit of “blockchain”, and try it out?
Pass!
250,000 people reach the standard, congratulations
That’s right, 250,000 addresses have interacted with Uniswap and got a 10,000 yuan gift package.
To be honest, this number seems to be quite a lot, but it is not much.
It is important to know that there are more than 40 million Bitcoin addresses in the global industry for investment players, total Ethereum addresses more than 100 million, and more than 500,000 active addresses.
However, only 250,000 addresses have ever used Uniswap, plus many addresses belong to the same player, the actual number of corresponding users should be only a few hundred thousand.
This ratio is really small compared to the overall number of people in the industry.
This is also the iron law of the 2/8 law of the investment industry. Although many people in Uniswap have been cut bloody, I believe that you have heard about those whose assets have increased by 5-10 times or more in the past few months. Most of the players come from within these hundreds of thousands of addresses.
To buy coins at Uniswap, the threshold is much higher than CEX. You have to know how to use a wallet, know how to adjust GAS, know the algorithm of the Uniswap AMM formula, know how to use the contract address to identify the true and false of the coin, and even look at some big names in the circle. V’s Twitter or join the Telegram discussion group…you have to have the courage to rush in and blog for real money.
These thresholds and courage are also the reasons for the rich rewards. Otherwise, how can you say that opportunities are always reserved for those who are prepared or those who have the courage, willing to study, and are the first to eat crabs?
excellent
Cognitive gap
Many retail accounts who received the 10,000 yuan gift package happily sold their chips, thinking that they could change their phones again at the Iphone conference next month!
However, a small number of big players, in addition to grabbing the free chips in their hands, spent the 2.5 dollars up and down for a few hours, and they were crazy.
This is not to give you investment advice or buying and selling points. However, this behavior is worth thinking about. Why does the seemingly expensive free chip, after you throw it out, someone is willing to “take the order.”
In fact, it’s very simple. Compare the two and three who already have Token in Dex and look at the valuation.
If you look at the current circulating market value, if all Uniswap 250,000 addresses have received the reward, the market value should be 375 million US dollars, the current circulating market value of BAL is 170 million, and the CRV is 65 million.
In terms of full circulation, Uni is 2.5 billion, BAL 2.1 billion, and CRV 4 billion.
Have you seen it, Uni has 10 times as many users as Balancer and 60 times as much as Curve.
Transaction volume, Uni is 2.5 times that of Curve and 10 times that of Balancer.
Therefore, no matter if you compare the current market value or the fully-circulated market value, the relative deviation of the three currency prices/fundamentals is a bit large.
So there are two possibilities, either the current prices of BAL and CRV are seriously overestimated, or Uni is seriously underestimated. Based on this, you can choose to go short BAL or CRV, or buy Uni in the long-term, there is nothing wrong with it.
However, as of the time of writing, of the 250,000 user addresses, less than 100,000 have received the 10,000 yuan gift package, and 150,000 have not received it. Coupled with the opening of liquidity mining, the short-term Uni token market is still not under pressure. small. Therefore, whether to accept the order or not and when to accept it is a question of different opinions, and there is no so-called correct answer.
But what is certain is that Uni is one of the few big white horses in the Defi industry, and DEX is undisputed. Even if you do not plan to take over in the near future, you should continue to pay attention to Uni’s performance.
Fried Chicken Excellent Or Lucky
Seeing these three types of people today is really outstanding (or shit luck).
1. When UNi was first released in the morning, there was actually a Uni-ETH pool. At that time, the price was around $1.2, but if you buy a few ETH, the slippage will be 5%-10%. As a result, a few minutes later It looks like it’s already 2 dollars away. But there are group of friends around with high slippage, and they just collected dozens of ETH Unis within 2 dollars, a winner with knowledge and courage.
2. There are also friends in the circle. Because of the wallet relationship, it is said that there are a lot of addresses that have interacted with Uni in their hands. It is soft to say a claim, and everyone complains about the freedom of wealth by sending coins.
3. I heard that some people became scammers during the “Dog rampage” stage on Uni. They sent a bunch of counterfeit coins and changed their addresses every time they sent them. As a result, they didn’t cheat a few money by sending counterfeit coins. A bunch of addresses that interacted with Uni received a lot of Uni tokens.
The shock caused by Uni
Finally, talk about the impact Uni may have on the circle, especially the trading platform after this incident.
Take Sushiswap as an example. At that time, many people overlooked one point, that is, even if you move more than 50% of Uniswap’s liquidity, it is an old coin. All new currency issuances are still on Uni, and new mining projects are basically mined with Uni’s LP Token. Even without this incident, Uni is still the first choice for all new projects. This consensus is a bit ingrained at present. Do you think, if there is no big problem, who will change? How many times can you trade in a day? You send a new currency and say that I will launch Sushiswap or other DEX (except balancer). Everyone doesn’t like you.
So I just want to rely on Fork+ to issue Token+ move liquidity to defeat Uni. In fact, there is a sense of being a car. You have to improve quality than Uni, and reduce dimensionality. This industry depends on major innovation, contribution, and legitimacy. status.
This is still the case of Uniswap without Token. Now with UNI, the situation is even more so.
Tomorrow’s first batch of liquidity mining will basically be trading pairs of ETH, BTC and stablecoins. A month later, the community will vote to determine the liquidity pool, which is the beginning of a really good show.
Do you think that some mainstream trading pairs are voted out and listed on the liquidity pool. All the liquidity of large and small investors has gone to Uni. At this time, there is no need or reason for ordinary users to trade on other DEXs, including all second and third-tier CEX , Uniswap’s depth will inevitably kill all, and only the three major and Coinbase can barely parry.
At this time, other DEXs are also very embarrassed. Some mainstream trading pairs that previously supported the business are now deeply crushed by Uni, and can only avoid trading pairs that have mining on Uni. However, most of the small coins and new coins are still first issued. It was in Uniswap, so it was still embarrassing… the days of other DEX and second- and third-tier CEX may get more and more difficult.
You may say that there are not many other DEXs that have various improvements, such as the introduction of external oracles, which can provide better depth, lower slippage, and less free loss than Uniswap.
This is actually very much like after the emergence of the earliest BTC, a lot of fake PoW chains with various improvements to the block time of BTC, and in the end only LTC survived, but the most “old” BTC is still the boss. . In DEX, it can be said irresponsibly that any of these auxiliary methods to improve impermanence loss is not as easy to use as a huge traffic depth + the simplest x*y=k AMM consensus.
Moreover, Uniswap is also developing Layer2, dedicated to solving the transaction speed and high gas congestion problems. The strongest consensus of DEX + the best depth brought by liquid mining + new coin first gathering place + Layer2 transaction experience and technology barrier……
To be honest, in the past two months, I have seen many second and third-tier trading platforms frantically listing new DeFi currencies, but the depth has been crushed by Uniswap. These trading platforms are really hard working, but this world is like this, not that your hard work will be rewarded. No matter how hard Kodak works, it will not be able to save the decline of the film. No matter how hard it is, Nokia cannot compete with Apple. A new era is always accompanied by the decline of the old giants and the rise of the new kings.
This is true in the circle, the DEX market, and the same is true for investors (players). In the field of blockchain investment, which era do you think your feet are in?
