Unisocks NFT floor price and value

what is unisocks

We also note that Atomic Wallet is not the creator of and does not have any control over any of the virtual currencies that the Atomic Desktop and Mobile Wallet Applications allow Atomic Wallet’ customers to use. Atomic Wallet’ customers balance and actual transaction history are supported by each cryptocurrency blockchain explorer. Atomic Wallet does not collect or store any private keys, backup phrases or passwords. Further, Atomic Wallet does not hold, collect, or transfer any assets from or to its customers wallets in any form.

These digital socks are “memeful” crypto tokens issued by decentralized exchange Uniswap (UNI). 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.

Unisocks (SOCKS) Price Prediction 2031

The top crypto exchanges that have Unisocks Edition 0 available for trading, ranked by 24h trading volume and the current price. Launched in Apr 2018, MXC is a centralized cryptocurrency exchange registered in Seychelles. It supports CNY, VND, USD, GBP, EUR, AUD deposit, and CNY, VND withdrawal. It offers trading in 242 coins and has 374 trading pairs. They are currently no. 7 in terms of the most supported cryptocurrencies compared to other spot trading exchanges according to Coingecko.

  • The company said that the acquisition of Genie, the first NFT marketplace aggregator, will enable it to integrate NFTs into its own products and enable users to buy and sell NFTs through Uniswap.
  • Furthermore, it is designed to increase in value every time a token is purchased.
  • At the time of writing, SOCKS are trading right around $65,000!
  • When Uniswap released their governance token UNI, they even allocated 220,000 UNI to SOCKS holders and redeemers.
  • Consult your financial advisor before making any investment decisions.

The coin’s price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project’s whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.

Unisocks (SOCKS) Historical Price & Market Analysis

Because of the permissionless nature of DeFi, anyone can take it a step further and use SOCKS across other DeFi protocols. Over the last 7 days, Unisocks has been showing bearish signs, we expect a slight recovery within the next week as investors take advantage of this dip as a good time to buy SOCKS. Today, Unisocks (SOCKS) is currently trading at $37,178.02 with a total market cap of $11,226,838. Considering the adoption of SOCKS by countries around the world, Unisocks can claim a maximum price of $215,632.52 by 2027 with an average price of $204,479.12 expected. Furthermore, the minimum price for the same year could see $193,325.71.

  • After at least 100 days, all remaining liquidity will be removed and the SOCKS tokens that are left will be burned.
  • It is impossible to predict what Unisocks will be worth in five years.
  • Developers can also use bonding curves to incentivize early adopters.
  • For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction.
  • Imagine selling a pair of socks at a price of USD 90k, well, that is quite astonishing.

According to Unisocks’ website, there are currently only 315 SOCKS tokens left out of 500 in circulation, so 185 crypto enthusiasts have already redeemed their pretty expensive footwear. At the end of January, Unisocks were trading at around $12,625. But their price skyrocketed up to over $92,000 on February 16. This means that the market capitalization of SOCKS peaked at around $28 million at the time. The original idea was that they are “backed” by the same amount of physical, limited-edition pairs of socks.

Where Can You Buy Unisocks(SOCKS)?

Below you can see the Unisocks hourly, daily, weekly and monthly price predictions. These predictions aim to give you an indication of what Unisocks will be worth in one hour, today, tomorrow, over the next week and next month. Binance Leveraged Tokens are tradable assets (off-chain tokens) in the Binance spot market that give…

How much is unisocks edition 0?

$32,929.00 Unisocks Edition 0 (SOCKS) Token Tracker Etherscan.

The price of Unisocks is expected to reach a maximum price of $66,920.44 in 2023. For the year 2030, SOCKS is expected to continue to rally towards $327,166.58 based on market sentiment. Failing to gain this support could see Unisocks average around $316,013.18 and bottom out $304,859.77. For more information, send an email to [email protected]. An overview showing the statistics of Unisocks Edition 0, such as the base and quote currency, the rank, and trading volume. Use the calculator to convert real-time prices between all available cryptocurrencies and fiat.

What You Can Do With Our Unisocks Wallet

At the time of writing, the price of a single token sits at $92,358 — down from an all-time high of $164,012. Regardless of the value drop, they’re still probably the most expensive pair of socks in the world. Developers can also use bonding curves to incentivize early adopters. At the time of writing, SOCKS are trading right around $65,000!

what is unisocks

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. While Unisocks may have initially been released https://cryptolisting.org/coin/socks 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.

Instead of keeping the price fixed, they are using exciting mathematical formulas and components like the bonding curve. 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’s long term Price Prediction below is a look at SOCKS’s future prospect with regards to price. Unisocks was last seen at $39,898, with a market cap of $11,929,143 and trading volumes of $36.4.

what is unisocks

What are uni SOCKS?

Unisocks ($SOCKS) are tokens that entitle you to 1 real pair of limited edition socks, shipped anywhere in the world. Each buy/sell will move the price. The increase or decrease follows a bonding curve. You can sell the token back at any time. Links.

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