The United States unemployment rate for January came in at 3.4% which is lower than forecast of 3.6%. The Nonfarm Payrolls (NFP) data shows that 517,000 jobs were added in January, which is much higher than the expected 185,000.
Cardano (ADA) price has succeeded in breaking above key levels near $0.39 as the pivotal historical level at $0.388 and the 200-day Simple Moving Average (SMA) all got broken to the upside with the Federal Reserve meeting on Wednesday.
Ethereum Classic (ETC) is set to book a very outright bullish intraday session just hours before the US session kicks in. As the dust is settling for global markets after all major central banks had their say on Wednesday.
Bitcoin (BTC) price is at an inflection point as it continues to rally amid multiple sell signals on lower time frames. The Nonfarm Payrolls (NFP) report, including the unemployment rate and average hourly earnings
Bitcoin (BTC) price is at an inflection point as it continues to rally amid multiple sell signals on lower time frames. The Nonfarm Payrolls (NFP) report, including the unemployment rate and average hourly earnings, is set to be announced on February 3 at 1330 GMT.
Uniswap is a decentralized exchange well positioned for community-led growth, development and self-sustainability. Its native token UNI serves the purpose of enabling shared community ownership and a vibrant, diverse and dedicated governance system, which will actively guide the protocol towards the future.
UNI officially enshrines Uniswap as publicly-owned and self-sustainable infrastructure while continuing to carefully protect its indestructible and autonomous qualities.
Characteristics of UNISWAP
Uniswap was launched with the idea of solving decentralized exchanges' liquidity problem.
It is an Ethereum-based decentralized exchange that allows anyone to swap ERC20 tokens.
UNI allows the exchange to swap tokens without relying on buyers and sellers creating that liquidity.
Uniswap uses a pricing mechanism called the “Constant Product Market Maker Model.”
Any token can be added to Uniswap by funding it with an equivalent value of ETH and the ERC20 token being traded.
Differences between Uniswap and Bitcoin
Which are the main differences between UNI and BTC?
UNI is an ERC-20 token that powers the Uniswap platform.
1 billion UNI have been minted at genesis and will become accessible over the course of 4 years.
A perpetual inflation rate of 2% per year will start after 4 years, ensuring continued participation and contribution to Uniswap at the expense of passive UNI holders.