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Gate Square New & Returning Creator Rewards are ongoing!
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#UNI代币销毁 I just saw the news about Uniswap, feeling a bit confused but also very excited🤔
They've set all application and API interface fees to zero? What does this mean? Do I understand it correctly that using Uniswap will be cheaper in the future? I also saw terms like "UNI token burn" and "100 million UNI," which seem to involve some deep governance mechanisms...
What interests me most is their plan to burn the Foundation's tokens. Does this indicate that the project team wants to increase the token's value by reducing circulating supply? Or is this some kind of incentive mechanism? For a newcomer like me, what do these decisions usually imply?
Additionally, there's talk about an increase in "liquidity provider rewards." Who is this aimed at? Is it only beneficial for those participating in liquidity mining? I want to understand how this update affects regular traders and LPs. Can anyone knowledgeable give a simple explanation for beginners?💫