If you are 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.
- Developers can also use bonding curves to incentivize early adopters.
- If you know about Decentralised Exchanges, you must have heard about the Pools, these pools are nothing but consist of liquidity of two tokens.
- Furthermore, it can also be used to redeem the pair of socks that the token represents.
- 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.
- Benedict Chan, CTO of BitGo talks about origins of WBTC, delivering trust in digital assets and exploring the depth of the programmable ecosystem.
- A high market capitalization implies that the asset is highly valued by the market.
There is no one-size-fits-all answer to this question, as the best way to invest in Unisocks (SOCKS) will vary depending on your individual circumstances. You are about to leave CryptoSlate in order to visit a cryptocurrency or ICO website. This link is provided solely for informational purposes and is not an endorsement in any way. We recommend that you exercise extreme caution and consult a registered investment advisor before taking any action. To check Unisocks’s price live in the what is unisocks fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page.
Benedict Chan, CTO of BitGo talks about origins of WBTC, delivering trust in digital assets and exploring the depth of the programmable ecosystem. No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion. The table above shows the number of days which Unisocks closed above a certain price level.
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- Unisocks’s price today is US$21,480.00, with a 24-hour trading volume of $N/A.
- This is because when there are more tokens bought and brought to the supply, its value increases accordingly.
- If the token supply increases, the price increases consequently.
- However the end goal of shifting the borders of DeFi applications is very serious indeed, much like the MEME token that transformed the world of art and NFTs last year did.
- Today, out of the 315 SOCKS still in circulation, only 14 remain in the liquidity pool.
After at least 100 days, all remaining liquidity will be removed and the SOCKS tokens that are left will be burned. The Unisocks project was launched by the Uniswap team, and first brought to the limelight during the Fluidity Summit in New York City on May 9, 2019. In keeping with the zany and envelope-pushing nature of DeFi in 2020, the Unisocks project may seem completely absurd at first glance and a game between DeFi degens. However the end goal of shifting the borders of DeFi applications is very serious indeed, much like the MEME token that transformed the world of art and NFTs last year did. On top of price speculation, people purchase SOCKS believing they will be an important part of internet culture.
Unisocks are a type of socks that are designed to be worn with a different type of shoe. They are made of a cotton and polyester blend and have a rubber sole. They are distributed by Unisocks, Inc., which is based in the United States. Unisocks is a company that manufactures socks with built-in heaters. The company’s socks are designed to keep feet warm during cold weather.
So now the price is token A is 0.22 token B whereas earlier it was around 0.1 token B. So this is how the price exponentially increases when more and more tokens are purchased. Unisocks is using a similar concept, where they have minted only 500 SOCKS tokens, and every pair of socks represents one sock token. During the launch of uni socks, the price was around 55 USD but after two years it has reached almost USD 90k.
Assets with the largest change in unique page views on CoinStats in the last 24 hours. The table above shows the price and ROI of Unisocks today and previous years on the same date (Dec 31). The highest price ever for one Unisocks (SOCKS) was $192,909.47 on 04 Sep 2021, 3 years ago. For the last 30 days, more than 502 SOCKS transactions have been made, on average daily 16.73 completed transactions. If the price drops, the first support level to watch is $16,714. If this level does not hold, a further decline to the next support level at $10,314 is possible.
The goal of the Unisocks cryptocurrencie coin is to provide a more secure and efficient way for people to conduct transactions online. If you know about Decentralised Exchanges, you must have heard about the Pools, these pools are nothing but consist of liquidity of two tokens. Unisocks used a similar pool concept in which they built a Pool of 35 Ethereum Paired with the 500 SOCKS token. Any user who is interested to purchase SOCKS tokens from the eth can use that pool. There were about 500 SOCKS tokens created and locked into Uniswap’s liquidity pool with 35 ETH, which created this initial upwards price curve for SOCKS. First, the model allows for the initial minting and purchase of the token based on a price determined within the smart contract.
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Report Project › Unisocks
This calculation is based on the circulating supply of Unisocks. Showing market cap and how it’s compared to different cryptocurrencies. X2,x10, etc. means if the price of Unisocks (SOCKS) will multiply by x2,x10, etc how much market cap it will have, and how it will compare then to the same coins. A bonding curve shows the relationship between the supply and price of the asset. Bitcoin has a limited supply, so whenever any new user purchases the bitcoin, it needs to pay slightly more. This is because supply decreases constantly and Price Increases.
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Unisocks also provides educational resources to help users learn more about cryptocurrencies and how to safely store them. The platform also offers customer support services in case any issues arise while trading or storing digital assets. Unisocks price today is $?20,405 with a 24-hour trading volume of $?203.08, market cap of $?6.16M, and market dominance of 0.00%.
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.
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.
