In the world of cryptocurrency, it is always important to ensure that a project is keeping up with the competition. This is why the community often turns to audits as a way to compare projects. Recently, the popular cryptocurrency project Uniglo (GLO) underwent an audit by Paladin. The audit results were very positive, indicating that Uniglo.io is now on the same level of security as Cosmos (ATOM) and VeChain (VET). This is a huge accomplishment for the project, which has only been live for a few months. Besides audit, Uniglo stands out with a few unique features, letting it stay among the leading players in the DeFi world.
What Is Uniglo (GLO)?
Aiming to build a user-friendly environment and make long-term cryptocurrency trading simple, secure, and profitable, Uniglo is a DeFi platform that would benefit both new and experienced investors. To get exposure to a basket of cryptocurrencies and other digital assets, all you need to do is purchase and hold GLO tokens. NFTs and tokenized real-world assets, like gold, fine art, rarities, collectibles, and even real estate, are also potential investments.
The community vault supports the native token GLO and ultra-burn mechanisms that aim to give GLO a truly deflationary character.
To clarify how Uniglo operates, we would need to examine tokenomics. Every GLO transaction incurs a 10% trading charge, which is allocated to the following purposes:
- 2% of each transaction goes toward the “Burning” of $GLO tokens, removing them from circulation.
- 2% of each transaction is put into Uniswap’s Liquidity Pool to provide a steady pricing floor.
- 5% of each transaction is deposited into the Community Treasury to purchase further assets for the vault.
- 1% of all transactions are allocated to marketing to ensure a steady influx of new users and token price growth.
Uniglo’s performance in its first presale period mirrored its success. The phase concluded with over 25 million GLO tokens sold and a 30% price rise, and recent audits of the primary and vesting contracts suggest the achievement of new benchmarks.
Despite a good ICO’s performance, optimal tokenomics, and viable solutions, investors often choose to sell on the day of the ICO’s debut. Uniglo utilizes the vesting approach to avoid huge dumps.
In the realm of cryptocurrencies, a project’s vesting period is when the team or developers retain tokens before their release.
Typically, this is done to safeguard the procedure and its pricing during its infancy, enabling the team to establish a solid basis.
In the case of Uniglo, Presale tokens are vested for thirty consecutive days. This implies that around 3.3% of investors’ $GLO gets unlocked daily until Day 30 when it reaches 100%.
Uniglo’s success so far may be attributed to its detail-oriented, experienced core team, which has keenly studied the crypto industry’s most pressing issues.
Overall, Uniglo combines safety, stability, and growth, and if the team is able to achieve its objectives, there is a good chance that Uniglo will reach the same level as Cosmos (ATOM) and VeChain (VET) – two of the most essential and secure projects that the crypto industry has so desperately needed.
Learn More About Uniglo:
Join Presale: https://presale.uniglo.io/register
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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