📣 More Pancakeswap Liquidity: Migrating LP from Uniswap to Pancakeswap in the next 48 hours 🥞
After popular community request, we’re migrating liquidity from Uniswap to Pancakeswap. Simply put, this move aims to add more liquidity depth to the centre of trading for all our holders 🥦
Around 90% of our holders use BSC. What is more, we are well aware of the increasingly high trading fees on ETH that make trading $BRKL difficult and even inaccessible for many.
We have also noticed that there is an increasing arbitrage bot activity on 9/10 transactions on Uniswap. This means that ‘arbitrage bots’ execute the simultaneous purchase and sale of the same assets in different markets to profit from tiny differences in the asset’s listed price. As a result, if the asset’s price is increasing, arbitrage slows the appreciation to even the price among ETH and BSC markets.
All Uniswap LP will therefore be migrated in the next 48 hours to allow our holders sufficient time to move their assets. After this, we will unpair all our LP tokens, port them over to BSC, and pair them again on Pancakeswap.
We also assure that the ETH to BSC bridge on Chainport will continue operating undisrupted to allow to bridge $BRRKL at your convenience.
We look forward to making trading $BRKL cheaper and welcoming more retail users by adding more liquidity exposure to Pancakeswap 🥞
About Brokoli Network
Brokoli is an impact-to-earn NFT metaverse where climate impact makes you money.
Your DeFi transactions on Brokoli plant NFT Trees: a tradable asset that earns passive income.
Brokoli’s core: Environmentally friendly gateway into the most popular DEXs and dApps.
API: Any blockchain platform (centralised or decentralised) can implement our API to allow users to opt-in to a small climate fee that offsets their transaction’s footprint.
Digital Forest / Brokoli Impact Credits: Users receive NFTs based on trees they have funded the planting of by using our products and completing daily quests. Digital NFT forests will be tradable as Brokoli Impact Credits: Corporate Social Responsibility standard loosely pegged to real forests and purchased by corporate partners.
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