Binance and Coinbase listing of Uniswap token sees the token moon 300%
Uniswap’s UNI token just released on the Ethereum main net. Soon after, Coinbase Pro and Binance announced its listing on their platforms. UNI’s market price soared through the roof (to the tune of 300 percent) post the news
Source
Uniswap have endured lots of forks recently, the famous being Suchiswap with it's token SUSHI so I suppose it makes sense to tokenize Uniswap. With the launch of Uniswap UNI, the rate at which Binance and Coinbase have listed the tokens have gotten the crypto community questioning how fast it took both exchanges listed.
While I remain a spectator of Uniswap DEX, the DEX itself have been a major host of DeFi with all the liquidity and staking going on there. It looks like a token that has room to surge above $10 while currently trading at $2.96 at the time of writing this post according to Coingecko
If anyone watching seriously doesn’t understand what you’re seeing with this listing, the recent Binance listings 🍣 🌭 etc... it’s fear. They would not do this if they weren’t fearful af. Free stuff coming from every direction, CEX’s trying real hard to stay relevant.
— Joey Rocket Cryptos ₿ 🚀🌛 (@TeamJoeyRocket) September 17, 2020
It is becoming rather scary to pick up some of these tokens even being listed on the very big exchanges in the cryptosphere, I used Bittrex mostly and often ask myself why it doesn't list coins/tokens as fast as Binance.
You've ignored $hive for so long but you're listing this? Make it make sense
— They call me belemo (@belemo__) September 17, 2020
Above is our very own HIVE community member's @belemo response to Coinbase's tweet.
Is greed from centralized exchanges playing a part here, probably. Hopefully we get to see more DEXs in the future with less risk of use and complications.
As for UNI I feel tempted to pick up some and sell for profit but I will rather be a spectator on this one.
Cheers
We owe it to ourselves to make Hive great
Image by @doze
https://twitter.com/digital_mine_/status/1306555196651249670
I managed to pick up my 400 tokens lol R20 000 for free yes please
I can be your housemaid sir
Lol I want you to wear a french maid outfit doe
Oh my days for free? 😃
well I had to pay $17 for the gas fee lol but mostly free
That's cool bro! I still think the price will go up though
The reason sushi and uni were speedlisted is governance.
Remember when Binance decided they wanted to vote on STEEM? Binance wants that same power on its biggest existential threats.
Posted Using LeoFinance
I see, could we say the same for Coinbase? No doubt they see DEXs as threat though and it could change in the future having DEXs completely or slightly dominant.
I think coinbase cares more about their reputation. But they did disregard all their normal rules for listing a coin to speedlist a direct competitor's governance.
Posted Using LeoFinance
Interesting perspective, I suppose when competition is at stake some actions comes into play.
Thanks for sharing your view
400 up for grab was not a bad one for me
Lol that certainly was a sweet one for you!
Great to see the UNI launch, just like you I think I will be a spectator for now, it is at $3.35 last time I checked. Thank you for sharing and enjoy a wonderful Friday ahead :}
So much is happening in this space so exciting, it was Christmas for some yesterday 😃. Thanks for stopping by bro, enjoy the weekend.