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 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 what is unisocks check the Unisocks price history page.

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.

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.

Similar Cryptocurrencies

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.

$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.

SOCKS supply and tokenomics

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.

Current Unisocks market cap?

1. Any user who is interested to purchase SOCKS tokens from the eth can use that pool.
2. Unisocks (SOCKS) currently ranks 1070 among all known cryptocurrency assets.
3. They are often used by people with foot problems, such as diabetes, because they do not require tying or adjusting.
4. Past performance is not necessarily indicative of future results.

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.

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.

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 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.

1. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice.
2. 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%.
3. The maximum trading volume is observed for the trading pair SOCKS/WETH and reaches 43 dollars (78% of the total volume across all exchanges).
4. Uniswap warns that Unisocks is one of the experimental projects on the protocol, which means that it’s very risky to invest in.
5. For more details, please check the Unisocks price history page.

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.