How Uniglo.io Will Be Affected By The Ethereum Merge After Adding Liquidity To Uniswap

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On Thursday, September 15, the long-awaited Merge of Ethereum (ETH) finally took place. The blockchain transitioned its protocol from a proof-of-work consensus model to the much more energy-efficient proof-of-stake consensus model that will undoubtedly be remembered as one of the most significant events in crypto history. How Will it affect Uniglo (GLO), an Ethereum-based social currency, launching on Uniswap (UNI)?

Uniglo (GLO) Overview

For generations, the ultra-wealthy have used assets to safeguard their fortune while benefitting from economic progress. Uniglo (GLO) serves as a revolutionary crypto initiative responding to the critical need for wealth preservation and appreciation. The Uniglo Vault, which will house a variety of digital, real-world, and NFT assets, will sustain the inherent floor price of GLO, the native token of Uniglo.

The cryptocurrency industry is buzzing with the news that Uniglo (GLO) will add liquidity to Uniswap (UNI) as Ethereum Merge occurs.

Ethereum was the first blockchain to support smart contracts and the originator of the DeFi (Defi) ecosystem. Within the merge, Ethereum switched from PoW (Proof of Stake) to PoS (Proof of Stake), which significantly boosted network performance and ushered in a new age of scalability for DeFi’s most powerful ecosystem.

Merge will likely improve the performance of Ethereum chain-based tokens like Uniglo as well, and the addition of GLO to Uniswap will undoubtedly impact the price of both GLO and UNI. For starters, it will increase the liquidity of UNI, which will, in turn, increase the price of GLO. This is because more liquidity in a market becomes more attractive to traders and investors, causing the price to rise.

Overall, adding GLO to UNI is a positive development for both projects.

Uniglo will distribute 80% of its entire supply at launch, separating itself from many new wave protocols that use inflationary tokens, eroding early investors’ token value and causing severe sell pressure. Uniglo is the polar opposite; when the presale concludes, there will be a significant token burn, and the protocol will deposit some remaining public tokens in the liquidity pool. When the protocol’s Ultra Burn Mechanic kicks in, 2% of every GLO transaction will be routed to a burning wallet in accordance with the buyback and burn approach.

In general, it seems Uniglo’s creators have created a new kind of currency based on scarcity, and the potential for this token to expand is enormous.

What Is Uniswap (UNI)?

Uniswap is an Ethereum-based decentralized exchange (DEX) that enables users to swap ERC20 tokens without a centralized exchange. It operates on an automated market maker (AMM) basis, which allows liquidity providers to earn fees by supplying liquidity to the pool. UNI is an ERC20 token designed to serve as the governance token for the Uniswap protocol. UNI holders may vote on proposals that alter the protocol’s functionality, such as introducing new features or adjusting pricing structures.

Conclusion

Overall, adding liquidity to Uniswap will allow GLO holders to trade their tokens on the exchange more easily, resulting in less price slippage when buying or selling GLO on Uniswap.

This increased liquidity is a win-win for both GLO and UNI holders. It will make it easier for people to trade both tokens and raise each token’s overall value.