Investors have to act fast, and the window rapidly closes. An asset-backed social currency, Uniglo.io has skyrocketed 55% and looks primed to continue this trajectory.
A sleeping giant of DeFi is finally being recognized and has powered through the rankings topping gains made by Cosmos (ATOM) and Stellar (XLM).
Uniglo makes the rest of the market look sluggish. It is an excellent example of the possibilities of digital currency, highlighting the fragility of fiat. Uniglo delivers a long-term store of value by exposing investors to a unique blend of assets. GLO’s tokenomics include buy and sell taxes, smart contracts burn 2% of each transaction, and a portion of these taxes funds asset purchases.
A multi-sig wallet protects the assets stored in the Uniglo vault, including small caps to benefit from growth speculation, large caps for long-term price appreciation, stablecoins to hedge against volatility, and NFT assets. The NFT assets include tokenized fine art and real estate, both proven stores of value. Uniglo’s developers have taken the best elements of digital currencies and hard-baked fundamental economic principles into this protocol. Uniglo’s long-term vision and protocol mechanics make it no surprise that GLO has made incredible gains, and this appears to be a warm-up before GLO inevitably goes parabolic.
The Cosmos network is an internet of blockchains. Designed as a foundational layer for the decentralized future, Cosmos developers introduced the Inter-Blockchain Communication (IBC) protocol allowing the free flow of assets and information between every chain within the Cosmos ecosystem. Currently consisting of fourteen separate blockchains, this ecosystem continues to expand.
However, competition from rival interoperability competitors such as PolkaDot has slowed Cosmos’s growth.
Stellar is an open network for storing and moving money. This layer one blockchain specializes in international transfers of value, allowing market participants to send and receive funds globally in real time with negligible fees. XLM acts as the intermediary settlement layer between different currencies.
The Stellar network processes millions of transactions daily but, similarly to Cosmos, it faces greater competition from other outstanding projects such as Ripple.
Uniglo purchases assets at a depressed valuation during the bear market; when the market reversal comes, the valuation of the vault will skyrocket. GLO’s floor price is value backed by the vault, and this rising valuation will send GLO’s price into the stratosphere. The real question is whether early investors will see a 20X or a 50X.
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