News > IGG/ETH Listed on UniSwap Exchange!
We are excited to share that IG Gold (IGG) has been listed to trade on Uniswap! At this time, you will be able to trade IGG with Ethereum via Uniswap.
Uniswap is the first decentralised exchange (DEX) to exceed $1 billion worth of ERC20 tokens changing hands in 24 hours, making it the third largest exchange by normalised trading volume. Uniswap is on its second version, with the third coming soon. The unique characteristics of AMM (automated market making) exchanges, like Uniswap, are that there are no order books and anyone can contribute to the liquidity of the market and earn from the trading fees.
IGG/ETH Listing on Uniswap
We will be initially deploying 20 ETH and 12,349,206 IGG into the IGG/ETH liquidity pool on Uniswap. The price of IGG on listing is equivalent price of 0.045 MATIC per IGG, at the time of writing. We intend to continue adding to this pool over the foreseeable future.
Furthermore, on Uniswap, anyone can support the market for IGG/ETH on UniSwap by adding liquidity to the pool. We have recently released details of our UniSwap LP Incentive Program, where we will distribute 15m IGG & 1m ORB to liquidity providers over the first reward period. You can read about IGGalaxy’s LP Incentive program here.
In this introduction of the program, we outline the importance of having deep liquidity and therefore the purpose of the incentive is to encourage our community to add liquidity to the pool. Through providing attractive rewards, we aim to ensure sufficient liquidity is present to reduce volatility and attract new traders and holders.
It is also worth noting that we will also be providing initial liquidity to Matic based DEX’s, supporting anyone who wishes to trade without the fees prevalent on Ethereum. We will update our community on this in due course.
Below, we have provided a link to IGG on Etherscan, alongside the contract address:
You will need this to add IG Gold (IGG) as a custom token on MetaMask and also to trade on UniSwap (or any of the other DEX’s).
Here is what you need and how to get started trading on Uniswap:
What you need:
Not got MetaMask? Check out our guide on getting set up with MetaMask
How to Trade on Uniswap:
To add to the liquidity pool you will also need a MetaMask account, with equivalent value of IGG & ETH tokens in your Ethereum wallet.
How to add liquidity to the pool:
Why does my transaction keep failing?
To change your transaction settings for Uniswap, click on the settings icon in the top right. This will reveal the following UI
Uniswap Transaction Settings
What is slippage?
This is the limit you set where if the price changes by more than the set percentage, then the transaction will be reverted.
Where can I see the statistics on IGG/ETH trading pair on UniSwap?
Once listed, you will be able to track the data on https://info.uniswap.org/home
To keep up to date with developments, please follow us on our various social media channels:
On Saturday 31 October, we released an article introducing IGGalaxy’s Liquidity Pool (LP) Incentive Program ahead of IGG’s listing on UniSwap. Shortly after, we released the details of IGGalaxy’s UniSwap Liquidity Pool Incentive Program which provided our first reward period of the IGG/ETH trading pair on UniSwap.
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