If you have been a Uniswap user before September 1, 2020, then you must have received at least the equivalent of 1200 USD in UNI tokens.
Uniswap since its inception has been quite an ambitious project in achieving decentralization. Fully supporting the Blockchain philosophy and democratizing access to financial freedom, its team led by Hayden Adams, has decided to grant 1200 USD in UNI tokens to all users of the protocol regardless of their origin, economic status, or how much money they have deposited in the protocol.
What to do with those 1200 USD in UNI tokens?
Most of the users had the knee-jerk reaction to sell those tokens for profit. But if you are one of the benefited users and you still have your UNI tokens, you should think that currently Uniswap is one of the strongest and 100% decentralized projects.
Let's reflect on the case "Yearn.finance"
Although this token (YFI) is currently experiencing a steep decline, it still remains well above the 4000 USD that it was worth at the beginning of August this year.
Those users who sold those tokens, surely feel very depressed thinking about the profits they were able to obtain.
We must take into account that Uniswap generates many more fees than FYI, more fees than Bitcoin, and the volume of exchange is even greater than that of Coinbase.
So what would be the best decision about what to do with those UNI tokens?
Obviously, it would be to keep them within the Uniswap protocol.
A smart strategy would be to sell at least 50% of these tokens to get Ether and place them in the Liquidity Pool on Uniswap.
Remember that by providing liquidity in Uniswap, 0.3% of the fees of each trade goes to those who finance the Pool.
Let us remember this maxim that says:
"You have to be greedy when others are fearful and fearful when others have their eyes injected with greed."
Disclaimer:
I am not a financial advisor. These are just my personal thoughts and opinions.
@juanmolina
The world's most popular Bitcoin & cryptocurrency portfolio tracker. 100% free
Vive la experiencia BraveBrowser. Navegue rápido y seguro mientras gana tokens BAT.
Por favor descargue el navegador Brave usando mi Enlace de Referencia.
I invite you to support @Yehey as a witness.
He is doing a great job for this blockchain.
@Yehey Witness Projects
- Witness Servers to keep STEEM network up and running. Under maintenance.
- @Automation Chat Bot for a fun conversation. Simply call my name to start.
- https://Steeming.com our very own website to help promote the use of Steem. No downvotes.
- and other projects still in progress. Keep in touch @Yehey.
Vote @Yehey as one of your Witness. Thank you.
Go to https://steemit.com/~witnesses URL address then scroll down, type "yehey" and Vote. You can also use the form to set me as proxy.
About Us
JOIN OUR Discord
Web Site | Telegram | Discord | Instagram | Twitter | Facebook | Youtube
That was an interesting and actual write. Sad, I didn't earn the UNI airdrop. It's always wise not to dump out of a crypto investment especially when we can confirm their state of decentralization to be good. Great advice you shared there.
Posted Using LeoFinance
Oh nice surprise!
I did not know this account of yours, appreciated friend @uyobong.
Certainly, 1200 usd in UNI tokens is like an early Christmas present. Too bad we did not receive it.
Posted Using LeoFinance
Yeah, it's my LEO curation account.
Indeed. Many became rich. That's like an annual salary for many in my locality.
Posted Using LeoFinance Beta
In my country, it's a lot of money.
Hi friend
I haven't researched UniSwap very thoroughly, but I'm very interested in it. However, I am a little bit sidelined, obviously the fact that you have to come in with a significant amount of capital to see a return. I know that the cost of transaction fees is high. At least for one who is a small investor.
Uniswap works with Ether.
Gas rates were recently increased considerably. But it was not always like that, once the rates stabilize, there will be more opportunities.
That is the cost of trading with ether.
Thanks for comment, dear friend.
Yes, let's hope they stabilize, and we can get in.
Or I think that to someone like you, with little capital, having to pay a fee of $20.40 seems expensive... For those who handle large amounts perhaps that is not a big problem.
Maybe... But we must take care of our money, every penny counts.
Although situations are sometimes unavoidable. If someone has to make a transaction, which would represent a potentially successful investment, then, by force majeure, they will have to pay that 20 usd fee.
Hello my dear friend @juanmolina.
I want to take this part of your post that I found interesting:
"You have to be greedy when others are scared and afraid when others are injected with greed eyes"
Certainly when there are people who are afraid at the moment of investing, you can enter with caution and investigate about that investment, you might get something good. Also, when other people look at a possible investment with the eyes of greed, it is very dangerous to follow those steps.
Greetings friend and thank you for sharing this interesting information.
In fact, these are very wise words.
Upvoted 👌 (Mana: 30/40) Liquid rewards.