With new protocols being launched every day in the DeFi space, investors can’t keep up with every development. But every now and then, a protocol emerges that creates a buzz in the community. Following a smart contract audit from industry leader Paladin, Uniglo (GLO), an Ethereum-based social currency, has generated hype and intrigue that can only be compared to the early days of Eos (EOS) and Avalanche (AVAX).
Uniglo has joined the top ranks of DeFi projects with safety and security ratings. The Paladin audit has proven the ability of the coders behind the project and even allowed them to optimize it by suggesting various improvements. Sentiment is rising and this is not surprising, the audit is bullish, but the audit from Paladin, the largest DeFi security company.
Uniglo uses its asset holdings to introduce its growing number of stores to investors. In modern times, people who want to preserve their wealth have no choice but to buy assets; The steady decline of fiat has shown the truth of this statement.
Uniglo features buy and sell taxes to finance asset acquisitions. The protocol will buy digital and physical real world assets. By exposing investors to a variety of securities, including gold and fine arts, GLO is value driven and diversified. Hedging against inflation, hedging against market downturns, and most importantly offering investors an organic store that adds value.
The initial hype around Eos was incredible. When EOS launched through an ICO (Initial Coin Offering) in 2018, it raised over $4 billion making it the largest ICO on record. And Eos has kept its promise.
Eos uses a unique DPoS (Delegated Proof of Stake) consensus mechanism that introduces a level of scalability never before seen in the blockchain space. Eos has very high throughput, and transaction fees are also low. Eos is a third-generation blockchain that provides the performance required for industrial-scale blockchain use globally. Outstanding projects and other projects that passed the smart contract audit with flying colors.
Ava Labs launched Avalanche in September 2020, following an ICO that took place in July. The Avalanche made $42 million. Investors rushed to join the ICO after the smart contract audit was released, knowing that their funds were safe. It generated rare hype; retrospectively, it almost seems inevitable that Avalanche will become the leading project in the DeFi space.
Avalanche is a single layer block that provides exceptional performance. Due to the minimal hardware required to run a node, Avalanche remains one of the most decentralized networks among the larger crypto projects.
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