Uniswap just announced that Non Fungible Tokens (NFTs) are now live on the platform. This has created a positive wave in the market, with the chances that you could claim and potentially earn anywhere between $300 to $1000 with this new Uniswap Airdrop.
However, if you have no clue about the details of this project, don’t worry, because in this article we have covered everything yo need to know in order to get your hands on this amazing opportunity.
What is Uniswap?
Before we tell you how you can make the most of the new launch on Uniswap, let’s first have a brief look at what the platform actually is. Uniswap Protocol is in fact a crypto exchange platform that allows the users to manage their digital asset portfolio and easily swap, earn, and build on the program.
The biggest perk of Uniwsap is that it is decentralized in nature. This means that the platform is not owned or controlled by a single deciding authority. Built on the Ethereum blockchain, Uniswap is classified as an automated market maker (AMM).
Being an automated market maker basically implies that “it is a collection of smart contracts that define a standard way to create liquidity pools, provide liquidity, and swap assets”, as described by their website.
Being the fourth-largest decentralised finance (DeFi) program globally, Uniswap which was launched only in 2018, has very quickly gained a great reputation for itself. Currently, it has over 1.2 trillion dollars in Trade Volume, more than 121 Million All Time Trades, beyond 300 Integrations and almost 4,400+ Community Delegates.
What is the New Launch on Uniswap?
On November 30, 2022, the Uniswap Protocol team announced through their official blog a very new and exciting update for the users of the platform. They declared that NFTs are now officially live on the Uniswap platform and “you can trade NFTs across major marketplaces to find more listings and better prices”.
This was made possible by the acquisition of Genie (The First NFT Marketplace Aggregator) by Uniswap in June of 2022. They have said that this launch is monumental in establishing a more interactive and interconnected relationship between NFTS and the ERC-20 tokens, which are otherwise considered two be completely separate and disjointed commodities in the crypto world.
The Uniswap team have worked towards building the aggregator, powered by the open-sourced Universal Router contract, to make sure this new launch efficiently delivers on the aspects offered by the protocol
What are the highlights of the NFTs launch on Uniswap?
While many platforms do have NFT integration, there are certain advantages that Uniswap has promised to differentiate it from the rest. To list a few:
- Uniswap aims to establish more number of listings for the users, all of which will be available at better prices. Through the aggregator, all the marketplace listings are available on one interface, hence allowing a better experience.
- The marketplaces supported as of now are OpenSea, X2Y2, LooksRare, Sudoswap, Larva Labs, NFT20, and NFTX.
- Uniswap claims that their gas prices are a lot more efficient than the rest. You can cut down almost 15% on gas costs using their protocol as the other NFT aggregators are a little more expensive when it comes to gas fees.
- The protocol has always stood by its policies of being Trustless and open sourced. With the NFTs launch, Uniswap has still maintained transparency and the open-sourced aspect of the front-end code.
What is the New Uniswap Airdrop?
After Uniswap acquired Genie, Uniswap decided to launch an Airdrop in order to welcome the user into the community as well as establish loyalty and gratitude. The Uniswap Protocol team is distributing approximately 5 million USDC to consistent long time users of the Genie protocol.
How is the eligibility decided for the Airdrop?
In a brief explanation, the airdrop launch is classified into two tiers, The 300 dollar tier and the 1000 dollar tier. Each tier has different eligibility criteria and hence different airdrops.
- To be eligible for the 300 dollars, you have to be a Genie user who has completed at least one or more transactions before the snapshot.
- The 1000 dollar tier is available for the “wallets that held the Genie: Genesis NFT” before the snapshot
- The users who “purchased a Genie: Genesis NFT or a Genie: Gem NFT between 5:59 pm and 9:15 pm UTC on June 21st” are also available for the airdrop
The snapshot in reference was the one taken on April 15, 2022, at 00:00 UTC. You are eligible for the airdrop on the basis of per unique address. To claim the airdrop all you have to do is connect your wallet and click on the dropdown. If you are eligible, you can easily find the option to claim your reward. The period to acquire the airdrop is currently 12 months.
For those who missed this new Uniswap airdrop, do not worry, check the list of upcoming crypto airdrops, which you make you a lot of money in 2023.
Are there any benefits for the new users?
Another significant part of this new launch is that Apart from rewarding the old users, Uniswap has also offered certain perks for the new users. Uniswap is giving gas rebates promotion that begins on November 30 2022 and will go on till December 14, 2022. This gas rebate can be claimed on January 16, 2023, through the Uniswap app for 12 months. According to the blog published on the Uniswap website “The first 22,000 distinct wallets that purchase an NFT during this promotional period will qualify for a rebate, which is capped at 0.01 ETH, on their first transaction”.
To conclude
An airdrop is almost always good news in the crypto industry, especially when it is hosted by a platform like Uniswap. This airdrop is your opportunity to claim a great reward without any investment. Doing so is a simple and easy process and doesn’t even require a lot of your time. So check the Uniswap protocol immediately so that you don’t miss out on this wonderful opportunity.
