Uniglo.io (GLO) Launching On Uniswap (UNI), Rumored To Be In Discussion For Partnership With MakerDAO (MKR)

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The newest protocols undoubtedly bring some of the highest returns if well chosen. Research into the protocol to see if it ‘has what it takes’ is key to ensuring the highest success rate of picking these. Managing to track down a team that is open to collaborations and has contacts in the right places will assuredly bring huge interest to any new launch, with significant profits for those buying into the vision early in the project’s lifespan.

Uniglo

Uniglo is a token with treasury backing for the token’s value. Unlike other protocols that promise backing of the token with crypto token assets, Uniglo aims to bring tokenized versions of real-life assets with a true value to their vault. The stability of holding a majority of these assets will create a solid ground support for price actions, alongside a small set of more volatile asset trades to assist in boosting the vault size. When combined with a burning system designed to remove tokens from supply continuously, supply shock will likely generate and cause healthy price action. Holding your ever-increasing share of an ever increasing vault could be just the ticket many people have been looking for.

Uniswap Launch

Uniswap, originally starting in 2018, was an innovative new Decentralized Exchange (DEX) using the constant product formula. After some hiccups on the way, their security-conscious team finally nailed a bulletproof system of making trades on-chain, without the need for using Centralized Exchanges (CEX), such as Binance or Coinbase.

Launching on a DEX is the best way to allow access to a crypto project to anyone worldwide, regardless of country or nationality, unlike many CEX, which require KYC and proof of address.

Maker

Maker is a powerhouse in the Decentralized Finance (DeFi) world. By allowing crypto collateral to be leveraged to mint and use DAI, a stablecoin pegged to the US Dollar, Maker changed the game by creating new avenues of capital efficiency. Since the inception of Maker, they have consistently stayed at the forefront of the on-chain cryptocurrency world, with proven contract security and protocol longevity.

Partnership?

With the vault function of Uniglo, a solid set of contracts need to be in place to ensure the security of the assets being held. Any partnership between Uniglo and Maker would undoubtedly show incredible security procedures already in place from the Uniglo team, equating to rock-solid investor confidence.

This alone is not the most interesting aspect of these partnership rumors. Having a partnership with a protocol renowned for providing ways to make capital more efficient, it would be a very bullish move for Uniglo to be able to use the treasury as low volatility capital to then generate income with their freshly minted DAI stablecoin.

Conclusion

A partnership along these lines would no doubt generate a swarm of interest in the Uniglo launch, with the potential to ride the waves all the way to the top, as well as open a genius way of looping tokenized real world assets into an incredibly profitable system.

Learn more:

Join Presale: https://presale.uniglo.io/register 

Website: https://uniglo.io

Discord: https://discord.gg/a38KRnjQvW

Twitter: https://twitter.com/GloFoundation1

Telegram: https://t.me/GloFoundation 


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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