UniLayer is a decentralized trading platform built on top of the popular decentralized exchange (DEX) Uniswap. platform has a variety of features to bring professional level trading to DeFi. Such features include live charts, live order books, analytics, and other tools seen on centralized exchanges and popular trading platforms. Additionally, the UniLayer ecosystem offers automated swaps, liquidity management, participation, a DEX aggregator, as well as a crypto launch pad for emerging projects. Soon we will also see the introduction of non-fungible tokens (NFT) on the platform.
In addition, UniLayer has a fiat entrance ramp. This makes it extremely simple for users to access decentralized finance (DeFi), without the use of a centralized exchange as an intermediary. Although it’s been done before with projects like Kyber Network , this is pretty rare on DeFi! se features combined present an attractive platform for both seasoned DeFi users and newcomers looking to broaden their horizons in the crypto space. UniLayer fuses many of the latest trends in crypto into a single, professional, easy-to-use trading experience.
LAYER token
LAYER token is the native ERC-20 utility token that powers the UniLayer ecosystem. Most of the features within the UniLayer platform reward LAYER holders for wagering their tokens within the platform. This is a common theme that will continue along with the expansion of the platform, bringing more usefulness to the LAYER token as new features are introduced.
Currently, LAYER has a circulating supply of 19,999,998, out of a maximum supply of 40,000,000 tokens. After an extended bullish rally in early February 2021, LAYER’s price soared to approximately $ 0.56, approaching its previous all-time high of $ 0.68 in August 2020. At the time of writing, the LAYER token has a market capitalization. from $ 8,376,774 and is trading at around $ 0.41.
Users who bet on LAYER receive 1% of all ETH raised from every successful project launched on the UniLayer launch pad . Additionally, LAYER token holders get priority access to UniLayer token launches. Those with the most LAYER tokens receive the earliest access to the investment rounds of the project.
Why use UniLayer?
UniLayer has several features that provide a professional decentralized trading experience. Additionally, the platform is expanding into many other areas of the crypto space. Below are some of the key features of the UniLayer platform.
Business automation
High gas rates mean that automated exchanges are often too expensive and impractical to chain. UniLayer takes these features and incorporates them into an intuitive dashboard that leverages the liquidity of blockchain-based liquidity platforms.
When trading with UniLayer, buy and sell orders can be scheduled and executed at specific times and token prices. As with popular trading platforms like Binance , this makes it possible to schedule entries and implement trading strategies efficiently. In addition, UniLayer allows users to automate operations based on specific price movements.
UniLayer uses real-time chain feeds to obtain data related to token prices, liquidity and exchange rates. This is compiled into a sleek user interface (UI) to enable trustworthy data-driven trade automation.
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Live order books
Another tool that many traders take for granted is order books. With UniLayer’s live order books, users can automate exchanges and schedule buy and sell orders for token pairs. Scheduling is possible because UniLayer is a browser application that uses JavaScript date to execute precisely scheduled orders.
UniLayer order books provide users the opportunity to preview all purchase and sales orders as they are placed and completed. ability to view trading activity in real time provides an advanced tool for decentralized trading.
Strike
Another feature of the UniLayer ecosystem is Flash Staking. This allows users to quickly earn rewards for locking funds, without the risk of being penalized for disconnecting or stopping betting, as is common with many betting mechanisms.
UniLayer rewards punters with a commission of 0.3% of trading fees, which is managed by Uniswap. Rewards are distributed proportionally to a user’s group participation. Each product created by UniLayer is designed to pay ETH to users who bet on the LAYER token. As such, 92% of the ETH collected from limit orders is distributed to LAYER bettors.
Automated loan management
In addition, UniLayer makes it easy to automate liquidity management by reallocating funds into loan pools for automatic portfolio rebalancing. Users can choose to automate the movement of liquidity from one group to another when particular events occur.
UniLayer Dashboard offers loan management features that make it easy to automate the movement of assets between Uniswap’s liquidity pools. This could be particularly useful when providing liquidity to groups containing volatile assets, as it means that users can exit when a specific trading indicator is presented or when a specific period has passed. In addition, the UniLayer Swap feature includes a DEX aggregator , a Uniswap liquidity pool portal, and a token swap feature.
UniLayer Launchpad
UniLayer Launchpad is a decentralized and transparent way to raise funds for a new crypto project or startup. This works much like the popular TrustSwap and Polkastarter crypto launch pad projects .
UniLayer Launchpad features a trustless method of fundraising that reduces risk for investors by incentivizing users to store the required token for Launchpad allocations. This feature also makes team tile locks easier, adding an extra layer of stability to tile throws.
Furthermore, all projects launched on the UniLayer Launchpad platform will undergo a security audit by the German experts in blockchain Chainsulting. Chainsulting has participated in more than 300 blockchain smart contract audits, including Ethereum , EOS, and Tezos. This will give the UniLayer Launchpad higher levels of security and greater confidence in its users.
UniLayer Launchpad uses smart contracts to protect investors. Investors don’t have to trust the teams behind a project, they can trust UniLayer technology. UniLayer Launchpad tokens will be minted using smart contracts that automatically lock liquidity in Uniswap funds for at least 6 months. Additionally, team tokens will also be awarded via smart contracts. UniLayer Launchpad is designed to provide stability to the DEX Initial Offering (IDO) caral in a way that protects both early adopters and the teams behind new projects.
LAYER token bettors will receive 1% of the ETH raised for each project launched on the UniLayer Launchpad. A minimum of 7500 LAYER tokens will be required to access the ‘priority queue’ which will soon be activated. Additionally, projects that launch on the UniLayer Launchpad will have the opportunity to release a percentage of the new token supply to UniLayer token bettors.
Charts and Analysis
UniLayer Dashboard displays price charts just like the most popular professional trading platforms. This provides a wealth of information including order data, liquidity volume, and much more! UniLayer makes it easy to apply technical analysis to your decentralized trading without the need for a third-party charting tool.
Many professional traders have gotten used to advanced chart analysis and trading tools. This has been almost absent from the DeFi user experience (UX) until recently. Dashboard provides multiple interactive price charts and data sources that create a familiar and reliable trading environment with the most pertinent information at hand at all times.
Why rely on Uniswap?
Decentralized Exchange (DEX) Uniswap has created a streamlined process for mobile and web application integration using a fully transparent and open source JavaScript Software Development Kit (SDK). This enables applications to equip application programming interfaces (APIs) that facilitate many of the core liquidity and business management features required to integrate Uniswap into third-party applications with ease. Additionally, this allows developers to publicly audit their code for bugs and vulnerabilities, while also allowing you to address legitimate concerns and proposals for improvement.
At the time of writing, Uniswap is the largest decentralized exchange (DEX) with a total locked value of $ 3.20 billion (TVL). Uniswap brings great liquidity to cryptocurrencies with a wide range of ERC-20 tokens. Some of this liquidity could easily migrate to UniLayer. As Uniswap continues to gain widespread adoption, the liquidity available to UniLayer will also increase. Over time, this could make UniLayer the go-to platform for professional-grade decentralized trading.
Additionally, Uniswap has been publicly audited by ConsenSys. This essentially verifies the security of the smart contracts used in the Uniswap protocol. As a result, the security derived from Uniswap’s risk assessments is applied to the liquidity used by the UniLayer platform. This adds an additional layer of reliability to UniLayer. Furthermore, Uniswap is a decentralized and trustless application, without a single point of failure or central authority, which also benefits UniLayer by proxy.
UniLayer V2
UniLayer V2 is just around the corner! After several weeks of beta testing, an announcement from UniLayer outlined various updates and new features that will be added to the UniLayer ecosystem. se include a new and improved landing page, a DEX aggregator, and a new engagement and smart contract platform. As is common with many new projects, the first version of UniLayer ran into some issues.
However, after careful consideration of community feedback, extensive testing, and audits, this update aims to address those issues and more. UniLayer plans to continue innovating and expanding the ecosystem and improving the user experience. Other new features and updates include a new ‘Basic’ cara interface, a new fiat entry ramp integration, in addition to the ‘frontend gas selector’ that ensures limit orders are filled.
Another new feature that is ready for UniLayer V2 is LAYERscan. LAYERscan will include Tradingview charts for Uniswap token pairs, liquidity and token data, price alerts, transaction history, and daily volume information. Additionally, LAYERscan will feature sponsored marketing campaigns for projects that can distribute 10% of fees to LAYER token holders. UniLayer also intends to integrate performance agriculture and governance, with the introduction of the LAYERx liquidity pool token.
All projects launched on the UniLayer Launchpad platform will undergo a security audit by German experts in blockchain Chainsulting.
Additionally, UniLayer V2 will feature support for the Polkadot ecosystem . This will allow for greater interoperability by bringing cross-chain compatibility to the platform while expanding its user base. In the future, we can also look forward to integrations with Binance Smart Chain and TRON , along with the introduction of non-fungible tokens (NFTs).
UniLayer overview
UniLayer has experienced ups and downs in the short history of the project. From a troublesome first launch with BetFi , to problems with staking rates and gas. However, the project appears to be acting on community feedback to address these issues quickly with the release of V2. This should bring improved functionality to the platform to improve the user experience.
UniLayer could be considered an ambitious project. Combining so many items on one platform is a big task for a new encryption platform. After some unexpected events and unfortunate setbacks, the UniLayer team could be about to reap the rewards of their labor. After months of hard work, UniLayer is about to get one step closer to achieving its goal of becoming the ultimate decentralized trading platform. Many of the mentioned features have yet to be implemented. However, UniLayer could soon be the preferred choice for professional traders looking to automate strategies on decentralized exchanges (DEX).
How to buy Unilayer Coin (LAYER) Token With Gate.io ?
first thing we have to do is create an account in Gate.io if we do not have one, so here is the link: Gate.io Registration.
STEP 1 TO BUY Unilayer Coin (LAYER) Token:
first thing will be to register in Gate.io if you are not already, so here is the registration link: Register GATE.IO
Once we are registered and with everything verified, we have to buy USDT to exchange it for LAYER Token and since it cannot be bought with a card at Gate.io, at least in Spain, we will use Binance to buy it and transfer it to Gate.io.
To buy USDT on Binance we will use the same method as buying ETH in the uniswap tutorial, but we simply buy USDT instead of ETH.
STEP 2 TO BUY Unilayer Coin (LAYER) Token:
Once with our USDT we have to transfer them to Gate.io and for this we have to go to our Gate.io Wallet and click on “Deposit” to deposit the USDT.
By clicking on “Deposit” it will take us to the next page, in which we have to select the currency we want to deposit (USDT) and choose the TRON network.
We copy the address and go to the Exchange where we have the USDT, in our case it is Binance and we give it to withdraw, we have to paste the address that we copied before and choose the amount to withdraw.
And that’s it after a while we will have our USDT in Gate.io.
STEP 3 TO BUY Unilayer Coin (LAYER) Token:
Now we have to enter Gate.io and hit the market, and then hit “Professional”
Now we have to search for “LAYER” in the search engine and we will select the “LAYER / USDT” pair.
Once we give “LAYER” we go to the bottom right and put the amount of LAYER that we want to exchange for USDT.
We give you to buy and that’s it, we already have it in our Gate.io Wallet.
Unilayer Coin (LAYER) Token Live Price:
- You can see it in Gate.io
OFFICIAL WEB
moreRead also Add USDT to your Polygon wallet.
