Uniglo Audited Protocol Continues to Attract Investors Ahead of Other Crypto Platforms

The ecosystem for digital assets is expanding daily as new initiatives and protocols are introduced to upend the status quo and challenge the dominant companies.

Uniglo
Photocredit: Crypto News

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Key Takeaways

  • Uniglo (GLO) draws investors after its security audit with Paladin
  • With growing competition from other crypto platforms, the firm is confident that its strategy will keep its growth trajectory in the blockchain space
  • The GLO token also makes it easy for investors to enjoy benefits from their investment

Due to the enormous potential it possesses, cryptocurrency experts have started to compare Uniglo (GLO), a recent addition to the Ethereum ecosystem, to existing ecosystem giants Shiba Inu (SHIB), Binance Coin (BNB), and Fantom (FTM).

Despite growing competition from Fantom (FTM) and Eos (EOS), investors seeking verified security protocols continue to see value in Uniglo (GLO). Also, the platform’s management is optimistic about the long-term potential of its initiative.

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Several credible third-party companies, most recently Paladin audit, have validated Uniglo’s security protocol. Investors can feel secure knowing that their money is secure and the protocol is difficult to hack.

Investors are more drawn to the Uniglo protocol since it is easier to use than those of its rivals. Another appealing feature of the organization is its team of skilled developers, who keep improving the protocol and adding new features.

If Uniglo intends to maintain its market position in the face of growing competition, it will need to keep innovating and improving its product. However, the fact that they have a proven track record and a reputable team gives them a solid basis from which to expand.

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Uniglo (GLO)

Uniglo (GLO) offers a novel approach to storing funds in the world of digital assets. The community-owned social currency known as Uniglo establishes a new mechanism for investors to keep their money safe and secure.

Due to the benefits of inflation and overall economic growth, asset ownership is a key pillar of financial growth.

In a few decades, investors who exclusively hold fiat will discover that their underlying capital value has significantly decreased owing to inflation. Governments print money to implement expansionary policies, which is only possible as fiat has no real physical foundation since the US abandoned the gold standard in 1971.

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Various NFT, digital, and physical assets kept in the Uniglo Vault serve as the value foundation for GLO, the native token. Taxes on buys and sells were used to finance the Uniglo Treasury’s acquisition. Investors can take advantage of long-term appreciation thanks to the assets in this vault.

The Uniglo Abyss, a wallet with an undisclosed private key, receives 2% of each transaction for the hyper-deflationary GLO token. GLO is a well-diversified investment portfolio that will expand over time, protecting the investor’s funds.

Final Thoughts

The importance of security cannot be over-emphasized in the DeFi space. Investors must protect themselves from losses because the market sees millions of dollars worth of exploitation every year.

Investors who experienced the DeFi summer of 2020 will recall the four-figure APYs and the incidence of rug pulls, where developers dumped tokens and drained liquidity or used back doors to flee with investor funds.

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New initiatives that offer a clear and compelling value proposition are naturally embraced by the community and gain popularity. Uniglo’s value model combines the two, and as more investors become aware of GLO’s long-term trajectory, the firm is expected to grow and maybe get into the top hundred.

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