Unfortunately, playing with Uniswap (UNI) doesn’t provide any added benefits to your gambling activities. Unless your casino lets you make a withdrawal within Binance Smart Chain or Polygon Network to massively decrease transaction costs. Otherwise you have to pay ETH network fees that are high at the moment.
Playing with UNI might make sense in case you decide to play on decentralized casino and you want to maintain anonymity.
Uniswap is a decentralized Exchange (DEX) running on Ethereum and enables users to swap and other activities with ERC-20 tokens. As crypto communities often prefer decentralized systems, it was obvious DEXes will grow and develop rapidly. Although standard crypto exchanges usually offer lower trading fees, sustaining anonymity and custody of your cryptocurrencies has greater value.
Uniswap was built in 2018 and gained popularity massively during years 2019-2020. Every one could taste the crypto trading without a middleman using wallets like Metamask and MyEtherWallet and it allows to start many projects without need of listing their tokens on centralized exchanges.
The UNI token price has grown respectively to the protocol’s popularity and reached the $40 price mark. Today’s market cap of all circulating supply is around $12 billion*.
*The snapshot of market cap was taken on Sept 27 on CoinGecko.
UNI is a Uniswap network’s governance token. It enables holders to vote about protocol progress and which way should Uniswap move.
The UNI token has been introduced and distributed via an airdrop to thousand of early active wallets.
There are several crypto sportsbooks allowing you to place bets on various sport events with UNI token.
No decent crypto casino will charge you for depositing funds to the players account.
On the other side, the withdrawal fees has to be paid by you or the casino. As UNI belongs to ERC-20 category, the transactions fees are similar when sending ETH itself. At the moment this fee is around $20-$50 per transaction depending on the network congestion.
Most of the casinos will charge you for such amounts, maybe a little bit smaller.
BetFury does enable players to make UNI deposits and withdrawals within BSC or Polygon network and heavily lower the transaction fees. In case you choose to manipulate with your tokens via alternate network, you will be charged for under $1 per cashout request.
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