What Do Uniglo (GLO), Uniswap ( UNI) And Ethereum (ETH) Have In Common?

Investors are always searching for new additions to their portfolios. But with so many tokens in the crypto space, it can be challenging to choose which projects to invest in. This article features three of the best Ethereum-based tokens for investors looking to grow their wealth in 2022.

Uniglo (GLO)

Uniglo is a brand new addition to the Ethereum ecosystem and introduces an asset-backed digital currency. GLO the community-based social currency is a hyper-deflationary token with inbuilt scarcity mechanics. It features an ultra burn mechanic, 2% of every token transaction is burnt, and the protocol will be utilising assets that have appreciated from the Uniglo Vault to buy back and burn GLO tokens.

With all the downwards market movement suffered by the crypto asset class in 2022, the need for a token to hedge against volatility whilst appreciating over the long term was made glaringly apparent. And developers at Uniglo stepped up to take on the challenge by creating a token backed by a basket of stable and volatile digital assets. These assets are held in the protocol’s vault to support the floor price. The protocol also features a treasury funded by buy and sell taxes to consistently acquire assets for the vault to support long-term price growth.

UniSwap (UNI)

UNI is the governance token for the highly popular DEX (decentralised exchange) UniSwap. UNI is on record as one of the most profitable crypto airdrops in history, and the platform UniSwap pioneered the way for most DEXs that came afterwards. Introducing AMM (automated market maker) UniSwap facilitated trades without the need for any intermediary, and this has become the dominant model within DeFi (decentralised finance). UniSwap is the largest DEX on the Ethereum network and boasts liquidity that rivals many of the larger CEXs (centralised exchanges); it allows investors to generate passive income by providing liquidity to its pools. And with a growing TVL (Total Value Locked) as the protocol expands, the governance token will also appreciate, thus making it an excellent pick for crypto investors.

Ethereum (ETH)

Ethereum slowly moves closer and closer to its merge. Many investors have already locked their ETH on the Beacon Chain, earning rewards until the upgrade goes live. This merge has been highly anticipated within the crypto community for years and will see a much-needed improvement in Ethereum’s throughput. The event could be the starting pistol for the next bull market phase. And following the merge, the stage is set for ETH to become a deflationary token with more being burnt than minted, forcing ETH’s price to appreciate. Currently trading at $1,147, investors wait eagerly to see the effects the merge will have. Often termed a ‘blue chip’ crypto, the Ethereum network is responsible for the development of DeFi as a whole, thanks to the introduction of smart contracts. This is a coin that every crypto investor should own.

For More information or Learn More Here or Find Out More Here

Join 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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