Last year, the popularity of decentralized finance (DeFi) protocols exploded. With the advent of Uniqlo, it is rapidly becoming one of the top DeFi platforms among Tron (TRX), Uniswap (UNI) and Polkadot (DOT).
UNIQLO (GLO) – Real-world asset-backed social currency
UNIQLO (GLO) has entered the crypto industry as the world’s first fully asset-backed ultra-deflationary project. Why is it important?
One of DeFi’s most attractive features is that it allows users to generate a return on their assets by providing liquidity to other users. However, the DeFi protocol is still new and experimental. Cryptocurrencies weren’t long enough to establish themselves as a credible and valuable store. History shows that it will take some time for new technologies and assets to mature and become mainstream.
In addition, cryptocurrencies tend to be volatile. For example, Bitcoin prices are known to fluctuate wildly. This makes it difficult to use as a currency because you don’t know how much it’s worth from one day to the next. Backing up cryptocurrencies with tangible assets can help mitigate these risks. It provides the stability and foundation to help make cryptocurrencies a viable investment in the long run.
UNIQLO seems to be one of the first projects to understand the importance of asset collateral. UNIQLO protects the value of native coins by establishing a vault that includes cryptocurrencies, rare NFTs, digital gold and other real-world assets.
UNIQLO is fully committed to the community by providing a reliable and stable super-deflationary social currency designed to raise prices over time with additional support from the super-burning process. ..
However, in pre-sale mode, Uniqlo will take off in October.
Tron is a cryptocurrency based on smart contracts aimed at “decentralizing the web”. The 2018 acquisition of BitTorrent, a file-sharing platform by the Tron Foundation, shows a focus on the entertainment sector.
The main purpose of this platform is to facilitate direct communication between content providers and their viewers without the need for third-party intermediaries. Examples of centralized platforms include streaming services, music websites, and app stores. This placement benefits consumers by reducing the cost of content and making it friendly and affordable.
Uniswap is committed to automating token trading and making it accessible to all who hold the token, while increasing the efficiency of trading compared to established exchanges.
UNI has always been a solid product, and its popularity will surely increase as more people understand the benefits of genuine Decentral.
Polkadot, the next-generation blockchain-based technology, is renowned for its ability to connect customized blockchain networks and bring them together on a large scale.
Polkadot (DOT) offers a variety of use cases because it can process all types of data between these blockchain systems. In addition, its features allow access to the decentralized Bitcoin marketplace. Overall, Polkadot is an important DeFi member and its success has not yet grown.
While TRX, UNI and DOT are long-term and important participants in the DeFi industry, UNIQLO’s innovative concepts and methods are projected to surpass them and many other altcoins.
UNIQLO is still in its infancy, but it is already a major participant in the DeFi market. With its formidable team, strong technology and growing community, UNIQLO is well equipped to compete with Uniswap, Polkadot and Tron.
Participate in presale: https: //presale.uniglo.io/register
Website: https: //uniglo.io
Telegram: https: //t.me/GloFoundation
Discord: https: //discord.gg/a38KRnjQvW
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