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Know about the Uniswap V3 Airdrop

BitForex Editor
Apr 13, 2021

These are exciting times for the yet to be launched Uniswap V3. Although judging by its key features, it promises to live up to the hype. Same energy goes to the airdrop. There are certain things in the cryptocurrency space that most individuals or users aren't fully aware of.

So, in this article we shall discuss some of those things to keep in mind concerning the Uniswap V3 and the airdrop. Which is why you should keep reading to be fully enlightened.  First of all, what are some of the features of the Uniswap V3?

Key features of Uniswap V3

The Uniswap V3 although not yet launched, is the latest variation of the Uniswap protocol. The expected date for its launch is situated for May 5th. Notwithstanding, some of its exciting features are:

1.Capital efficiency, which makes it possible to exceed both the stable-coin and the centralized exchanges during trade.

2.There are new tiers for its fee structure  

3.There is a chance for liquid providers to sell one asset for another.

As you would know, the Uniswap gives room to all users to showcase their tokens. With this, there is every possibility of fraud occurring as people are likely going to exhibit fake coins. Aside that, the essence of these features is to enable a user attain higher returns from the user's capital. Also, it would interest you to know that some of the issues that are experienced by the Uniswap v1 and v2 are the reduction in the chance of price slippage as well as the risk.

Moving ahead, it is best we look at what the Uniswap V3 would offer that would be different from its predecessors.

Upgrade on Oracle feeds

This is indeed one of the stand out improvements that the Uniswap V3 offers. There is not only faster response in the prices, but also it is made relatively cheaper. With the TWAP, price averages are gotten with just a single on-chain request. With this upgrade, time is saved as there is provision of information concerning other trading indicators. A good example is the simple-moving averages (SMA)

Concentrated Liquidity

What this entails is that LPs are permitted to select a price range for their personal supplied liquidity. This is an elevation from the previous v2 where LPs were being left with no choice but to settle for any price range. What the concentrated liquidity does is to ensure the providers have better liquidity as well as control while bringing about a greater efficiency of their capital.  

Non-Fungible liquidity

With the new Uniswap V3, there won't be any need to issue a fungible ERC-20 token, instead to represent LP positions there would be the provision of the non-fungible tokens (NFT). A setback for the V3 is its inability of the LP tokens to interchange with one another.

Additionally,  it would interest you to know that there are other things to be excited about the Uniswap V3 like the revised fee tiers as earlier mentioned.

Moving ahead, it's time to have a look at the Airdrop. But first, before anything else, it is important to have a brief insight on what the Airdrop is all about.

What is Airdrop?

Assuming you have a wallet and on that wallet, you get to receive small amounts of crypto deposited on that wallet. Then what that means is that the owner of the wallet has been airdropped. Many times, new crypto newbies don't really know what Airdrop is all about.

This especially goes to those who received a certain amount of tokens and not until a sustained period of time before they realised how essential those tokens were. But before a user can benefit, it is expected that he or she would have to go through a process. Such processes include; registering on a Telegram bot, a google form, or even on a projects website.  Plus, there are some which grant users the chance to acquire additional tokens provided they use a unique link to draw in more participants.  

So, the next question that should pose on everybody's mind is where can one find this Airdrop?

Where to find Airdrops

Gone are the days when users had to frequently be visiting crypto websites in order to get information concerning airdrops. All those things have changed as presently, it is easier to locate airdrops on social media sites that make available to the public through posting. With such information, it is now easier to not only get airdrops, but also benefit through the use of referral links.

Additionally, it would interest you to know that airdrops can be profitable even though there are times when the tokens might appear a bit small.

Furthermore, there are Airdrop scams and we shall discuss some of them below.

Airdrop Scams

With the recent increase in digital scams, there are Airdrop scams that one should be on the lookout for. Some of them are;

1.Private key scams: This is one of the tricks pulled by fraudsters and a well known Airdrop scam. What happens here is that the owner of the wallet is being deceived into rendering his or her private key to their wallet. One thing to know is that while a legit Airdrop would need a participants address, a fake or scam Airdrop would request for the private key so as to swindle the owner of his tokens or currency.   

2.Dump Airdrops: In a simple explanation, this is more like a case where the developer draws in lots of participants. After successfully achieving their aim, they quickly ghost on all participants and hence, leaving them stranded. Moreover, it should be stated that it isn't an entirely a straight forward scam as the tokens are indeed real. But, the essence of this dump airdrops is to enrich the developers at the expense of the investors or users.

Lastly, other scams not mentioned are the bait and switch, with information Tolling. So, with the information provided on Airdrop, it would enable you to avoid falling victim to these notorious scammers online. Also, having mentioned the Uniswap V3, you can then no what to expect from it.

About BitForex:

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BitForex is programmed in a way that it can quickly adapt to the changes of the Crypto market while introducing new features like margin trading, enhanced trading charts,  derivatives, and a host of others. The headquarter of BitForex is located in Hong Kong, while there are branch offices in countries like the United States, South Korea, and Singapore.

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