What is Uniswap?
Uniswap is a decentralized finance protocol that is used to exchange cryptocurrencies. The protocol runs on the Ethereum blockchain, running transactions through smart contracts. Uniswap allows the users to trade without intermediaries, with a high degree of decentralization. Since the Uniswap protocol is decentralized, there is no listing process. Essentially any ERC20 token can be launched as long as there is a liquidity trade available for the traders. So, it works as a public good as there are no listing fees.
How to Trade with VNLA on Uniswap?
Two key requirements
(1) Uniswap link (you must be connected to your Wallet, and have ETH gas in your wallet):
(2) To trade $VNLA, you are required to use 5.5% as a slippage requirement.
Uniswap protocol works with a model called Automated Market Maker that involves liquidity providers creating liquidity pools. These are the smart contracts that hold liquidity reserves that traders can trade against each other. A liquidity provider can be any person who deposits an amount equivalent to two tokens in the pool. In return, traders pay a fee to the pool which is distributed among the liquidity providers according to their share of the pool.
Trading sounds like a tedious task, but Uniswap has made it very simple and convenient. Go to the Uniswap interface and connect your wallet. These wallets can be Metamask, Walletconnect, Coinbase Wallet, Fortmatic, or Portis Wallet. Select the VNLA token you want to exchange from/to. After the selection process, click on the swap. A small pop up window will open that will show the entire transaction to confirm it. Confirm the transaction request in your wallet to complete it.
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