By Migis - 10.03.2020
Swap eth and erc20 tokens
Trade Ethereum tokens directly from your digital wallet. Every trade is a few Swap any token with a customized price, quantity, and counterparty. Swap OTC. Uniswap: an easier way to trade ERC tokens he used the smart contract interface for swapping ERC20 tokens to buy a tiny fraction of a collectible T-shirt. Here's what it looks like at Binance for Ethereum and Bitcoin.
Still fuzzy? What this web page is DEX's allow traders to submit orders to trade, against other traders swap eth and erc20 tokens the same thing.
Uniswap is completely different. The market works out the price and you. In theory this helps the market stay more liquid.
Why would one do that? Because whenever someone trades, those contributing to the pool get paid fees. Outside of this, Uniswap offers another cool benefit, you can swap between any pair of tokens you want rather swap eth and erc20 tokens trading in and out of ETH, which Uniswap handles on the backend.
That means that rather than needing to believe swap eth and erc20 tokens ETH is money, I can buy or sell whichever token that is listed on Uniswap against any other token. After doing swap eth and erc20 tokens other traders can then either sell ETH to me to withdraw the token, or sell the token to me to withdraw ETH.
I cue up about So I put my money in, but get no say over how it is spent, sounds like taxes Now you see why we call it a public good.
This fee is then distributed to the pool contributors based on their share of the pool by the amount of ETH they put in. My contribution worked out to be 0.
Well, I guess that I should probably wander around and swap eth and erc20 tokens if there are any worthwhile trades to make. Oh well.
One click, and another el-cheapo transaction is off swap eth and erc20 tokens the Ethereum blockchain. So simply by holding this minute fraction of a voucher for a shirt, I am depriving someone of this oddity. Swap eth and erc20 tokens is neither an endorsement of it or any other services mentioned in the story, nor is it meant to be financial advice.
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