PRESS RELEASE (GLO), PancakeSwap (CAKE) And Uniswap (UNI) Explained

Author: Coinpedia

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Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

    Investors need to utilize the bear market wisely. Not only to accumulate highly undervalued cryptocurrencies but, more importantly, to educate themselves and build so that they can truly flourish in the next bull market. Digital assets represent a new form of money, and sound money naturally replaces lousy money. Do not underestimate where this is going. Investors who learn about the future of money will be best positioned to take advantage of it. 

    This article explains three unique DeFi projects, Uniglo (GLO), PancakeSwap (CAKE), and Uniswap (UNI). Investors should familiarise themselves with these projects, and understanding the mechanics of successful projects allows investors to see when these characteristics are replicated.   

    Uniglo (GLO)

    First on the list is Uniglo. This Ethereum-based social currency leverages tokenomics spectacularly. By leveraging buy and sell taxes, this protocol collects revenue and uses this revenue to create value for investors. A portion is earmarked for asset acquisition, and the Uniglo Vault acquires various assets, including digital and physical. It is one of the first DeFi protocols to expose investors to luxury tangible collectibles such as real estate and fine art. And another portion is used in a burning mechanism meaning GLO’s total supply is constantly reduced. 

    These unique tokenomics make Uniglo a protocol that preserves wealth over an extended period by ensuring that GLO’s floor price continuously rises.

    PancakeSwap (CAKE)

    PancakeSwap is the premier decentralized exchange of the Binance ecosystem and the most visited decentralized exchange within DeFi. PancakeSwap’s governance token and liquidity incentive token is CAKE, and this token gives investors access to this food-themed exchange.

    PancakeSwap attracts massive amounts of liquidity in its liquidity pools, where investors can earn passive income, and due to this liquidity depth, it offers incredibly efficient swaps for traders. With thousands of tokens listed, an NFT marketplace, and even futures trading available, all crypto investors should obligate themselves to become familiar with this platform. 

    Uniswap (UNI)

    Uniswap played a pivotal role in DeFi’s development. Uniswap pioneered the AMM (Automated Market Maker) model, which has become the blueprint for every single decentralized exchange that has followed. By introducing liquidity pools, Uniswap could offer permissionless swaps- traders interact with smart contracts- and offer investors a way to earn passive income via supplying liquidity. 

    Uniswap remains the central exchange on the Ethereum network and a liquidity giant that boasts liquidity rivaling some centralized exchanges. An excellent place for investors and traders and an exchange likely to become far more accessible once sharding is implemented on the Ethereum network. 

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    Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

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