Here’s what investors need to know about Uniglo (GLO), Uniswap (UNI), and Ethereum (ETH)

As Ethereum approaches its seventh anniversary, incredible things have happened in the blockchain world. Perhaps most notably, the rise of decentralized finance (DeFi) applications has taken the industry by storm. In the past few months alone, we’ve seen the launch of tons of new projects built on Ethereum that offer a wide range of services from lending and borrowing to derivatives trading and more. Three of the most popular Ethereum-based protocols in the DeFi space worth checking out are Uniglo (GLO), Uniswap (UNI), and Ethereum (ETH) itself.

Uniglo (GLO)

Ethereum-based Uniglo has recently appeared in the crypto sphere and is gradually gaining notoriety among investors. The Uniglo protocol builds a hyper-deflationary token model made possible by launching the revolutionary double burn mechanism, which is believed to increase the scarcity and value of the $GLO token.

A crucial element that Uniglo has implemented to safely and quickly accelerate wealth generation for $GLO is the “Ultra-Burn” technique. as a community, Uniglo uses more of its vault revenue to buy back $GLO tokens from secondary markets and burn them.

In addition, every transaction made inside and outside of Uniglo has a continuous burn rate of 2%.

Uniglo’s Ultra-Burn method is intended to shorten the period of time it takes for $GLO to become a valuable token; therefore, the more money Uniglo earns, the faster the tokens get burned.

The development and appreciation of the vault is determined to increase demand, and the Ultra-Burn process would lead to a reduction in supply, automatically raising the price for investors who had never sold.

Uniglo (GLO) “See The Light” from July 15 and will participate in the first round of presale.

Uniswap (UNI)

Uniswap is a decentralized exchange (DEX) also built on Ethereum that allows users to trade ERC20 tokens without using a centralized exchange.

It uses an Automated Market Maker (AMM) model where liquidity providers can earn fees by providing liquidity to the pool. UNI is an ERC20 token created to be used as a governance token for the Uniswap protocol. UNI holders can vote on proposals that would change the work of the protocol, such as adding new features or changing fee structures.

Ethereum (ETH)

Finally, Ethereum is a decentralized platform that runs smart contracts: applications that work exactly as programmed without any possibility of fraud or third-party interference. These applications run on an extremely powerful and shared global infrastructure, a bespoke blockchain, eligible to move value and represent ownership of property. This allows developers to create markets, store debt or pledge records, move funds according to long-given instructions, and many other things not possible for legacy financial systems. The native token of the Ethereum blockchain is ETH.

Conclusion

Even more interestingly, the three projects, Uniglo (GLO), Uniswap (UNI) and Ethereum (ETH), have a few things in common. First, all three are built and developed on the Ethereum chain, and second, Uniglo is planning to launch on the Uniswap exchange.

Could the success of one of these protocols influence the rest? Obviously yes. Although Ethereum is already a widely adopted and popular crypto project and the second largest by market capitalization, further successes in the future are expected, especially after the launch of its latest update, Ethereum 2.0. The wider success of Ethereum will directly affect the popularity of projects built on its chain, such as Uniglo.

Uniglo is the newest crypto gem and a breakthrough DeFi reader with the independent power to hedge against market volatility through burning methods.

Learn more about Uniglo:

Join the presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1

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