Trading Notes
25.11.18
Sold 7.19 ETH for 2919 UNI, coin-based 0.002463, ETH price 3020U, UNI price 7.4U, coin-based double the principal ETH, or triple U out of U, equivalent to ETH 3020U triple the principal. Currently holding a total of 14600 UNI
Reason for increasing position: The current market indeed feels like entering a bear market, but I personally judge that it is still in a bull market. Since its inception, Uni has maintained a leading position in decentralized exchanges, showing strong dominance in market share, trading volume, and total value locked (TVL). The biggest criticism of UNI has been the inability to empower UNI due to legal issues. The activation of the Uniswap fee switch has empowered the value of the UNI token. After the fee switch is activated, the Uniswap protocol will extract a portion of the transaction fees as protocol revenue and use it for automatic buybacks and destruction of UNI tokens, thus achieving a permanent reduction in token supply. Initially, 100 million UNI tokens will be destroyed immediately, which is equivalent to 16% of the circulating supply, fundamentally impacting the supply and demand dynamics of UNI.
25.11.18
Sold 7.19 ETH for 2919 UNI, coin-based 0.002463, ETH price 3020U, UNI price 7.4U, coin-based double the principal ETH, or triple U out of U, equivalent to ETH 3020U triple the principal. Currently holding a total of 14600 UNI
Reason for increasing position: The current market indeed feels like entering a bear market, but I personally judge that it is still in a bull market. Since its inception, Uni has maintained a leading position in decentralized exchanges, showing strong dominance in market share, trading volume, and total value locked (TVL). The biggest criticism of UNI has been the inability to empower UNI due to legal issues. The activation of the Uniswap fee switch has empowered the value of the UNI token. After the fee switch is activated, the Uniswap protocol will extract a portion of the transaction fees as protocol revenue and use it for automatic buybacks and destruction of UNI tokens, thus achieving a permanent reduction in token supply. Initially, 100 million UNI tokens will be destroyed immediately, which is equivalent to 16% of the circulating supply, fundamentally impacting the supply and demand dynamics of UNI.