Tribalism plays a central role in crypto and is prominent within the community at large. Investors of specific projects flock together, and factions form around coins. This effect on the ecosystem is a topic of debate, but generally, it is seen as healthy promoting favourable conditions for competition.
A new crypto project, Uniglo (GLO), has attracted the attention of two famous communities. Polygon (MATIC) and PolkaDot (DOT) holders are both scrutinising this new protocol, and many like what they see.
But what is drawing these established communities towards this new project? Polygon and PolkaDot holders are known throughout the sphere for taking a long-term perspective and investing in the projects they believe have longevity and will provide value over an extended period.
Uniglo is a solution for wealth preservation. This project has been designed to offer investors a third choice to protect the actual purchasing power of their wealth. Volatility has battered digital assets, and inflation has battered fiat. The investor has been stuck between a rock and a hard place, facing losses with both options.
GLO, the native token, is value backed by a collection of digital, physical, and NFT assets. This means GLO has an actual floor price directly supported by the assets stored in the Uniglo Vault. The protocol exercises buy and sell taxes to accumulate a treasury fund that acquires holdings on behalf of the investors. Through asset ownership, GLO is a token that grows alongside market conditions and due to the protocol’s Ultra Burn Mechanic, has a consistently reducing supply, further guaranteeing an appreciating price.
Polygon is the infrastructure that brings scalability to Ethereum. Starting with its PoS (Proof of Stake) Matic sidechain, the Polygon ecosystem has grown in its own right whilst transforming Ethereum into a multi-chain system. Polygon is currently deploying Optimistic & Zero Knowledge Rollups, bringing much-needed throughput to the crypto ecosystem giant.
Polygon continues to make the Ethereum ecosystem less congested and more accessible. It has extended further into DeFi (decentralised finance), the NFT space, and Web3 gaming. Most importantly, Polygon displays an incredible amount of developer activity and is undoubtedly a project building through the bear.
PolkaDot is a layer 0 protocol, easily one of the most exciting projects within the sphere and a project that blockchain’s future success depends on. Developers at PolkaDot are building the foundation layer for the future decentralised internet and one that facilitates interoperability between sovereign blockchains.
PolkaDot consists of multiple moving parts, the two most important being the Relay Chain and the Parachains. PolkaDot will be a hub of interconnected blockchains that can freely communicate and exchange assets and data between each other.
Uniglo has drawn the attention of two major crypto communities. These are not just any crypto communities; Polygon and PolkaDot holders are known for being level-headed and always looking to the future development of the space as a whole. With fledgling support from these groups, the future of Uniglo seems bright.
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