It will be interesting to watch how projects experiment with bonding curves and how high SOCKS’ price can go. Uniswap initially minted 500 SOCKS and deposited them into a liquidity pool with 35 ETH. Since its inception, 185 SOCKS have been burnt and taken out of circulation.
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- The average yearly growth of Unisocks over the last 5 years is 569.92% per year.
- Unisocks price in US Dollar has decreased by -16.20% in the last 1 month.
- To see more analysis and outlook, please check the Unisocks price prediction page.
- The table above shows the price and ROI of Unisocks today and previous years on the same date (Dec 31).
- Whether you’re looking to trade or just want to learn more about cryptocurrencies, Unisocks is the perfect place to start your journey into the world of digital assets.
Past performance is not necessarily indicative of future results. While Unisocks may have initially been released as an experimental project, they have inspired many others over the past few years. Marketplaces like Zora, Foundation, and Saint Fame DAO, have used bonding curves to price scarce physical goods and objects. When a SOCKS holder wants to redeem their token for a physical pair of Unisocks, the token is burned, reducing the number in circulation. The maximum trading volume is observed for the trading pair SOCKS/WETH and reaches 43 dollars (78% of the total volume across all exchanges). During the week, the minimum price for Unisocks (SOCKS) is fixed on Thursday at 3,076.04 dollars.
The first recorded exchange rate in our database for Unisocks (SOCKS) is $4,984. Compared to today’s exchange rate, the price of TON has increased by 312.30%. This means an investment of $100 at that initial rate would now be worth $412.30. Unisocks cryptocurrencie coin is a new cryptocurrency that was created in February of this year.
Unisocks SOCKS price:
A coin is a digital asset that can be used as a medium of exchange. Coins are created and stored on distributed ledgers, such as blockchain networks, and are typically secured using cryptography. Cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, and Ripple are some of the most popular coins available today. CoinCodex tracks 38,000+ cryptocurrencies on 200+ exchanges, offering live prices, price predictions, and financial tools for crypto, stocks, and forex traders. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page.
Some of its known developers are Noah Zinsmeister, Uniswap’s engineering lead, and Callil Capuozzo, Uniswap’s designlLead. Leander Capuozzo, Callil’s brother who worked with Uniswap on the design of Unishirt for their V0 birthday, also helped out on the sock design.
- We recommend that you exercise extreme caution and consult a registered investment advisor before taking any action.
- Additionally, PieDAO’s recently released PLAY index contains SOCKS as one of its 14 assets.
- Because of the permissionless nature of DeFi, anyone can take it a step further and use SOCKS across other DeFi protocols.
- Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 926 exchanges.
- I founded Unisocks in 2013 to create a new type of sock, designed to improve comfort and breathability.
Back in 2019 Uniswap, launched an exchange, where the users can trade SOCKS ERC20 tokens and redeem them for the real pair of socks. Instead of keeping the price fixed, they are using exciting mathematical formulas and components like the bonding curve. Uniswap warns that Unisocks is one of the experimental projects on the protocol, which means that it’s very risky to invest in.
Unisocks has developed a sock with a built-in heater that can be controlled using an app. Unisocks has raised $1 million in funding from investors including Andreessen Horowitz, Index Ventures, and RRE Ventures. I founded Unisocks in 2013 to create a new type of sock, designed to improve comfort and breathability.
SOCKS’ bonding curve is pretty extreme since the 499th pair will cost 8,750 ETH, and the final pair will cost more than all the ETH in existence. Unisocks (SOCKS) currently ranks 1070 among all known cryptocurrency assets. A high market capitalization implies that the asset is highly valued by the market.
Report Project › Unisocks
Because SOCKS are ERC-20 tokens, they can be used like any other ERC-20 token on Ethereum. Uniswap created an initial liquidity pool of 500 SOCKS and 35 ETH to facilitate trading; however, anyone can make a pool with SOCKS. Users have already made alternative Uniswap pools, including DAI/SOCKS and USDC/SOCKS.
Unisocks is a company that specializes in creating partnerships with other companies in order to provide socks with unique features. The company has partnered with companies such as Airbnb, Lyft, and Postmates. These partnerships allow Unisocks to provide socks that have special features, such as being waterproof or heat-resistant. The partnerships have been successful, and Unisocks has been able to create a wide range of socks that are unique and useful.
SOCKS reached an all time high (ATH) price of over $12,000 on Jan. 19, 2021. Furthermore, it is designed to increase in value what is unisocks every time a token is purchased. Analysis was done on daily data, so all moving averages, RSI, etc.., were calculated on a daily Unisocks price chart. To see more analysis and outlook, please check the Unisocks price prediction page.
Currently, the token Unisocks is trading in the range of 20,517 dollars or 2,237,404.58 ruble for 1 SOCKS. The Unisocks price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. For example, imagine there is a pool of token A which has 100 tokens in a reserve, and token B which has 10 tokens in reserve. 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.
Bitcoin’s supply in profit drops to 88%
According to our analysis, SOCKS needs to stay above $16,714 to potentially move towards the first major resistance level at $21,128. Breaking above $21,128, could see SOCKS rise to the next resistance level at $27,439. There are many Unisocks (SOCKS) wallets, but the most popular ones are Unisocks Core, Unisocks Light, and Unisocks Wallet.