Unisocks Price Today SOCKS Price Chart & Market Cap

If you are what is unisocks new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies. The top-performing year for Unisocks was 2021 when the price of SOCKS increased by 2,292.39% from $ 4,106.05 to $ 98,233. The worst performing year for Unisocks was 2022 when the price dropped by -74.51% from $ 98,233 to $ 25,040. The average yearly growth of Unisocks over the last 5 years is 569.92% per year.

Unisocks SOCKS price:

When Uniswap released their governance token UNI, they even allocated 220,000 UNI to SOCKS holders and redeemers. Uniswap distributed 1000 UNI to each address that previously redeemed or held a SOCKS token at the snapshot date. Currently, 0.02 of SOCKS were traded within 24 hours of time. In other words, $220.47 have changed hands within the past 24 hours through trading.

Similar Coins to Unisocks

Unisocks are a type of socks that have a single opening at the toe. They are often used by people with foot problems, such as diabetes, because they do not require tying or adjusting. As a new type of currency with innovative technology and unique use cases, SOCKS has broad market potential and significant room for development. The distinctiveness and appeal of SOCKS may attract the interest of specific groups, thereby driving up its market value.

The algorithm of Unisocks is a client-side proxy that allows users to access the Internet through a socks proxy server. Once you have read the guide, you can begin by downloading and installing the Unisocks software. If you are new to Unisocks, we recommend reading our introductory guide first.

1. Wealth distribution is an important factor to consider when researching a cryptocurrency.
2. On top of price speculation, people purchase SOCKS believing they will be an important part of internet culture.
3. They use a different protocol than regular socks, which makes them more difficult for hackers to penetrate.
4. The Unisocks (SOCKS) coin was founded by a group of developers who are passionate about the development of blockchain technology.

Today, out of the 315 SOCKS still in circulation, only 14 remain in the liquidity pool. Uniswap initially intended to burn the unsold SOCKS after at least 100 days; however, they never went through with these plans. Reddit is a popular platform where cryptocurrency communities often gather to discuss news, trends, and insights related to a particular coin. Analyzing Reddit stats can provide valuable insights into the community’s sentiment and engagement with a particular cryptocurrency.

What is Unisocks used for and how to use Unisocks?

$SOCKS is a token that entitles you to 1 real pair of limited edition socks, shipped anywhere in the world. $SOCKS will eventually find an equillibrium based on market demand. Buying or selling socks uses the uniswap protocol and accepts any token input as a payment method.

Then, the supply of the token will dictate how the token will be valued later on. If the token supply increases, the price increases consequently. Those interested in getting exposure to SOCKS, but don’t necessarily want to buy one full SOCK, can purchase via DEXes with SOCKS liquidity pools. Additionally, PieDAO’s recently released PLAY index contains SOCKS as one of its 14 assets.

On May 9, 2019, at the Fluidity Summit in New York City, Uniswap announced Unisocks, a limited edition pair of socks utilizing a bonding curve as its pricing mechanism. To facilitate ease of trading, Uniswap created SOCKS, an ERC-20 token representing a pair of Unisocks. Users can freely trade SOCKS on Uniswap or redeem them to receive the physical pair of socks. Unisocks is an innovative cryptocurrency exchange platform that allows users to buy and sell digital assets with ease. Unisocks provides users with access to over 100 different coins from top exchanges around the world. The platform also features advanced trading tools for experienced traders and beginners alike.

Because of the permissionless nature of DeFi, anyone can take it a step further and use SOCKS across other DeFi protocols. Developers can also use bonding curves to incentivize early adopters. At the time of writing, SOCKS are trading right around $65,000!

Every time a SOCKS is purchased, its value increases, which is what is referred to as the “bonding curve” model. This is because when there are more tokens bought and brought to the supply, its value increases accordingly. Uniswap warns that Unisocks is one of the experimental projects on the protocol, which means that it’s very risky to invest in. Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 926 exchanges.

Unisocks (SOCKS) is a cryptocurrency token built on top of Ethereum platform, launched in May 2019. Wealth distribution is an important factor to consider when researching a cryptocurrency. It refers to the percentage of the total supply of the cryptocurrency held by the top wallet addresses. The Unisocks (SOCKS) coin was founded by a group of developers who are passionate about the development of blockchain technology.

Unisocks price in US Dollar has decreased by -16.20% in the last 1 month. SOCKS is down -8.77% against Ethereum and down -13.73% against Bitcoin in the last 1 month. For more details, please check the Unisocks price history page.

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1. Currently, 0.02 of SOCKS were traded within 24 hours of time.
2. As of Dec 31, Unisocks has a market capitalization of $6.1 Million and is ranked #5121 among all cryptocurrencies.
3. Imagine A seller A comes and buys the 10 Tokens A for 1 Token B, the supply at the Pool is now 90 Tokens A and 20 tokens B.
4. Users have already made alternative Uniswap pools, including DAI/SOCKS and USDC/SOCKS.
5. $SOCKS is a token that entitles you to 1 real pair of limited edition socks, shipped anywhere in the world.

The pool of SOCKS is a uniswap pool where 500 SOCKS tokens were deposited along with the starting value of ETH. Holders of $SOCKS can sell them through the Unisocks platform anytime they want. Furthermore, it can also be used to redeem the pair of socks that the token represents.