Miraqle Token (MiraQle_MQL) is listed on the decentralized exchange, Uniswap. (UNISWAP)
Miraqle Token (MQL), growing steadily, is listed on the decentralized exchange Uniswap in addition to BitForex and GOPAX.
Uniswap is an Ethereum-based decentralized exchange (DEX / Decentralized Exchange)!
This exchange platform, using the Ethereum and ERC-20 token swap protocol, is used by many users due to the advantage of the Defi ecosystem. With the introduction of automated market-making instead of low transaction fees and plan book. In addition, it has received much attention for its intuitive UI and UX that was different from the existing centralized exchanges.
Uniswap is a decentralized exchange unlike the existing cryptocurrency exchanges, there is no intermediary. Since, there is no intermediary platform, there will be no transaction fee. (However, Ethereum gas fee will be incurred.) The transaction price is also determined and executed when the seller’s and buyer’s amounts match. Therefore, the token price in Uniswap fluctuates only when actual transactions are held.
Unlike the traditional way, the price of the token is not determined by the laws of the supply and demand because it will be determined by the amount of Ethereum and swap target tokens in the liquidity pool (POOL). The role of the liquidity provider will be considered very important. Hence, this works by incentivizing people trading on the exchange to become liquidity providers (LPs): Uniswap users pool their money together to create a fund that’s used to execute all trades that take place on the platform. Each token listed has its own pool that users can contribute to, and the prices for each token are worked out using a math algorithm run by a computer.
Therefore the liquidity provider will be responsible for supplying the tokens to the Uniswap exchange. Anyone can become a provider by depositing tokens, The provider will take a fee of 0.3% in exchange for supplying the liquidity of the token.
Currently, the Uniswap exchange has listing and supplies of more than 200 Ethereum-based tokens and has occurring liquidity of over $8.3 billion in trading volume.
Miraqle Token (MQL) with the motto to ‘Create a global music world centered on fans’, Blockchain technology is applied to the global music industry. Miraqle Project proposes a “Technology+Entertainment” platform, as to be a standardized currency across the entire music industry. We are expanding the alliance sphere!
The Miraqle Project is growing gradually through the Dream X album release, Music Q and Enterplus app release, etc.
Please support us as we continue to prepare for listings on other exchanges too!!!