UNIDAPP: The Decentralized exchange that will rival Uniswap with its state-of-the-art tools and technological advancements for DEFI!

frankydoodle (59)in #defi • 4 years ago (edited)

Good morning everyone! This is your Mr. Deceentralized and I am here again as your most hardworking article blogger here in the crypto space that brings you the latest news on crypto, DEFI and blockchain economy in itself. Today, I am going to talk about a DEX that is it is not only for swapping but also for like being a hybrid of a CEX but it is really a DEX!

Let me introduce you Unidapp!

Features and competitive advantages of UNIDAPP

--> It seems gone are the days where centralized exchanges are taking advantage of the fees and the crypto being they have been in custody from different crypto investors and traders. As the pandemic striked the entire world, it seems there is an inflow of ideas for the developers both in the blockchain and the trading of digital currencies. Which makes the boom of Decentralized finance.

In the early stages of decentralized finance, there have been many users of the 'UNISWAP' platform. But there are also disadvantages in here like slippages, high risk of impermanent loss, and other types of unsure smart contracts being added in the Uniswap space.

This is where Unidapp comes in! Let me talk with you guys about its features and how it was different from Uniswap and other protocols in the DEFI space.

A. Defi DEX with hybridized features of a CEX

---> Alright, when we say this feature of Unidapp, others may be raising their eyebrows and asking me, what really is Unidapp? Well, it is the most advanced DEX defi swapping platform because not only you can swap but also time the swap and check the different liquidity available and how the pool is using the CEX types of features built by the Unidapp developers.

Liquidity chart--> This will show you how much tokens are being in float in a certain liquidity pool so if ever you want to swap tokens in the Unidapp app, you will know and estimate if it will go through making your gas fees always be in the right zone. Not being too expensive for a transaction and not too low for the transaction to revert.
Order aggregation--> When we say order aggregation, The Unidapp decentralized app will find different exchanges and pools wherein it could combine the market of each exchange it can find to give the liquid order the buyer or seller needs without any need of a matching price such as the bid and ask. No more of that. As long as the supply meets the demand, the smart contract of Unidapp will execute the order.
Planning of buying and selling--> It is like giving the Unidapp the order by itself that whenever the boolean equation of true or false hits your target price to sell or the buying price. Whether you are at school, doing some workout, eating, or working at the office, once that price is hit, the smart contract will execute itself to buy or sell what you order it to do. Uniswap cannot do that.
Analytics and monitoring---> On Uniswap, you could only see the lagging charts and the static liquidity of each token and token pair that you are checking. You do not know the real-time monitoring for your dex trading move. Do not worry anymore because, with Unidapp, you can monitor the market in real-time and swap in real-time! perfect mix!
Automatic notifications on mobile and desktop--> If you are trading on other DEXes, you are going to login first, manually check where is your order and the price of each tokens on the blockchain. Giving you no advantage to the price movements. However, the good news is with Unidapp, the notifications can be easily sent out to your mobile device or desktop and be able to check the next step or your plan if you are going to buy a specific coin/token in the Unidapp. Giving you more ample time to do what strategy are you going to employ in the price feed to you.

Here is a video sample from the Unidapp website:
https://unidapp.app/wp-content/uploads/2020/08/213124.mp4

General advantages being a Defi DEX Unidapp

--> The sleek and elegant user-friendly interface of the Unidapp will surely make even the non-experienced user to be able to learn quickly on the Unidapp platform. As per the Unidapp team, it connects to the Uniswap API so that the price feeds and information are more accurate as well.

--> The beauty of a DEX like Unidapp is that you own your private keys and you are the only one who can move it from your wallet to other platforms or other exchanges. With the use of Unidapp, you are in control of your finances!

--> The way on how you interact with your assets with either buying and selling these digital assets is through the blockchain with the way of smart contracts. It is also called as trustless contracts because once the conditions are met on code, about the agreement of 2 direct parties, the transaction will execute to be able to finish the transaction.

The Unidapp Token (UDP): Why it has the edge against the Uniswap platform.

--> Unlike on Uniswap wherein the only traded tokens are the ones that are listed on it only and have no utility token, the swappers or traders in the Uniswap platform does not have the chance to get incentivized through the use of the platform aside from being a liquidity provider. Even being a liquidity provider has no safe side because of the impermanent loss on Uniswap!

So how Unidapp solves this?

The staking mechanism of UDP token

In this DEX of Unidapp, if you wanted to trade on the Unidapp platform, there will be a need for you to purchase UDP token first. And then once you have the UDP token, you are able to trade on the Unidapp platform. Keep in mind that the fees on the Unidapp platform is much lower than Uniswap as well! Only 0.25% is the transaction fee.

Now that 0.25% fee will be split into two as per the Unidapp team, 90% of that 0.25% will go to the staking holders of the UDP token as their staking income. While the remaining 10% will go to the Unidapp fund for other roadmap objectives. and other development of the Unidapp ecosystem.

TOKENOMICS

ROADMAP

Thank you so many guys for checking my review and deeper analysis of the UNIDAP platform. My take with this is that it will be a great collaboration with DEFI as a decentralized community as well. A simple but powerful platform for each one of us in the DeFi space and for beginners as well to lend and provide liquidity for tokens.

They even successfully closed the sales report here: https://medium.com/@unidapp.project/1st-and-2nd-otc-round-are-successfully-closed-6574dff7d80f

If you need more information about Unidapp, I will leave the website and social media channels below.

Website: https://unidapp.app/

Telegram: https://t.me/unidapp

Medium: https://medium.com/@unidapp.project

Discord: https://discord.com/invite/dtRPzTC

Twitter: https://twitter.com/UniDApp

About the author:
Proof of authentication: https://bitcointalk.org/index.php?topic=5273984.msg55150405#msg55150405