New launches on Uniswap (UNI), the premiere DEX (decentralised exchange) within the Ethereum (ETH) ecosystem, happen every day, but one new protocol, Uniglo (GLO), is set to make serious waves. The protocol has already built a strong community, enjoyed a highly successful presale phase, and continued to meet its roadmap targets. The launch in Q4 has early investors excited, and the potential for this project to explode in popularity grows daily.
Low caps cryptos discovered before launch are the secret weapon in multiple crypto millionaires’ arsenals. Early adopters are rewarded; this has been seen repeatedly within the space. However, finding projects with solid fundamentals early on is not easy!
Uniglo is a new approach to currency designed to offer a growing store of value. The super-rich have leveraged asset ownership for centuries to preserve their wealth. Uniglo builds on this basic premise and introduces scarcity principles to further secure an appreciating store of value.
Uniglo features buy and sell taxes. These are used to fund asset acquisition for the Uniglo Vault and the Ultra Burn Mechanism. The Uniglo Vault keeps a basket of securities that make GLO free-floating; it has a stable floor price guaranteed by the value of the assets but also increases in value along with the assets. The Ultra Burn Mechanic sees 2% of every transaction sent to a burn wallet, and with a continually reducing total supply, GLO is a token that will steadily rise in value and represents an excellent choice for long-term investors.
As Ethereum draws closer to ETH 2.0, more and more ETH has been moved from exchanges onto cold wallets. Investors are holding ETH long-term and have no plans of selling anytime soon. Introducing smart contract capability the Ethereum network created a decentralised alternative to the traditional financial framework and changed the digital asset landscape forever.
ETH has battled serious resistance at $1,700 since the end of July. It has been leading the market’s overall direction, and investors wait impatiently for ETH to break out of its trading band in either direction.
Uniswap is a decentralised exchange boasting enormous daily volume and liquidity depth that rivals several centralised exchanges. Introducing the AMM (Automated Market Maker) trading model, Uniswap changed the way swaps were made in DeFi (decentralised finance) and became the draft for all future DEXs.
UNI is the governance token, and its success is tied directly to the success of Uniswap as a platform. A reversing market sentiment and an uptick in trading volume means more swaps, more liquidity, and more appreciation for UNI.
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