In a world where the value of fiat currencies constantly fluctuates, and political and economic turmoil can cause upheaval, crypto tokens represent a digital store of value that can be easily traded and used to purchase goods and services. In terms of which tokens are the best safe havens, there are a few that stand out.
Uniglo (GLO) is a stablecoin that is backed by world-class assets, making it a reliable and stable form of value. Bitcoin (BTC) is the original and most well-known cryptocurrency, and its decentralized nature makes it resistant to government meddling. Kava (KAVA) is a cross-chain collateralized debt position that offers users interest rates in return for locking up their crypto tokens as collateral.
Each of these tokens has its own advantages and disadvantages, but all three offer a degree of safety and security that is not present in fiat currencies. Let’s learn more about each of them.
Uniglo (GLO) is an asset-backed social currency designed to revolutionize the DeFi industry and provide a hyper-deflationary, volatility-resistant cryptocurrency.
Uniglo plans to build a digital vault to store prominent cryptocurrencies, non-fungible tokens, and tangible assets and maintain the value of its native currency, $GLO. A transaction fee helps to fund the GLO vault. 5% of each transaction will be dedicated to the purchase of new assets for the community vault.
In addition, Uniglo intends to employ two distinct burning techniques to achieve its goals to the fullest extent possible. The first would automatically burn 2% of all $GLO tokens exchanged, while the second would burn $GLO tokens that were repurchased.
The good fundamentals and goals of Uniglo appear to be a natural reaction to the current market upheaval.
Uniglo has just successfully finished the first presale round, with hundreds of new investors joining the community daily.
By market cap, Bitcoin (BTC) remains the most valuable cryptocurrency. With over 20,000 coins, it controls 41% of the whole cryptocurrency market. The majority of investors consider Bitcoin as an asset or “digital gold” because it was the first cryptocurrency to be created.
Bitcoin is an asset that is not susceptible to the whims of governments or central banks. Due to its decentralized character, it is unaffected by conventional financial institutions. This makes it a particularly appealing alternative for those wishing to safeguard their investments from volatility. Bitcoin has a limited supply as well, with only 21 million BTC tokens will ever exist in circulation. This scarcity provides a hedge against inflation, making the asset a safe haven.
Unquestionably one of the most intriguing initiatives in the crypto sphere. Kava’s engineers have designed a layer one blockchain that utilizes co-chain architecture and is characterized by its speed. It is the network where Ethereum and Cosmos merge into one. The expansion potential is very frightening.
Kava has launched Kava Rise, a $750 million incentive scheme for developers that will ensure Dapps (decentralized applications) migrate to the network and the most competent developers build on it. This is a tried-and-true technique utilized by other layer-one projects too, where it was wildly successful. Overall, all these features make KAVA a great investment alternative if you seek safe havens.
In a world where economic and political uncertainty is the new normal, crypto tokens provide a way to protect and grow your wealth. Safe havens such as Uniglo (GLO), Bitcoin (BTC), and Kava (KAVA) are designed to give investors a sense of stability.
For More About Uniglo:
Join Presale: https://presale.uniglo.io/register
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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