A new member of the Ethereum-based protocol is Uniglo (GLO), which addresses the most hated part of the crypto industry: volatility. It is a community-based social currency with enormous development potential.
The first fully asset-backed currency in the cryptocurrency world was created by Uniglo with its own Vault to buy and hold physical digital assets and digital gold. Funds from this vault will be used to purchase his GLOs on the secondary market and burn them to reduce supply using the first Ultraburn equipment. Additionally, all GLO transactions are subject to a 2% commission on GLOs purchased or sold.
This relatively new and effective burning mechanism creates a fully asset-backed currency that is immune to volatility and resistant to irrational speculation associated with undiversified cryptocurrencies.
Still, in ICO mode, Uniglo is gearing up for its grand launch on October 18th at Uniswap. Before launch, investors can purchase $GLO tokens from the official website and enjoy early investment bonuses and other perks.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is a meme-based cryptocurrency that recently took the crypto world by storm. The project was initially launched on the Ethereum blockchain, but has since been migrated to the Binance Smart Chain. The SHIB token is the native token of the Shiba Inu ecosystem and is used to power various features of the platform. Holders of SHIB tokens will earn staking rewards, participate in governance, and have exclusive access to content. One of the most attractive aspects of the Shiba Inu is its low price. At the time of writing, each SHIB token is priced at just $0.00003. This makes the project accessible to most people.
Chain link (LINK)
Chainlink, a blockchain abstraction layer established in 2017, enables globally interconnected smart contracts. Chainlink, a decentralized network, enables blockchains to securely interact with external data feeds, events, and payment methods, while enabling sophisticated smart contracts, which are fast becoming the dominant digital contract type. provide important off-chain information.
A large open source community of data producers, node operators, smart contract developers, researchers, and security auditors powers the Chainlink Network. The company is committed to ensuring decentralized involvement for all node operators and users who want to contribute to the network.
Chainlink is one of the top companies in the data processing industry and has an extensive network of trusted partners.
According to previously presented information, it is clear that Uniglo (GLO), Shiba Inu (SHIB) and Chainlink (LINK) offer great potential for users interested in working in the DeFi space. The Ethereum blockchain is the foundation for all three of these initiatives, each of which has expanded rapidly over the past few months. There is no guarantee that these ventures will be successful in the long term, but each has its own value proposition and the potential to disrupt the traditional financial system.
Join the presale: https://presale.uniglo.io/register
telegram: https://t.me/Glo Foundation