Newcomer Uniglo (GLO) Proves Huge Gains Are Possible In These Markets, Leaving Even Aave (AAVE) Or Maker (MKR) Behind
In recent years, the options for decentralized finance protocols have increased exponentially. Now, with the addition of Uniglo (GLO) to the mix, it seems there are no limits to what these markets can achieve.
Uniglo (GLO) has already made significant gains in a short amount of time, leaving even well-established protocols like Aave (AAVE) or Maker (MKR) behind. It will be interesting to see what the future holds for Uniglo (GLO) and the other protocols in the space as the market continues to evolve.
Uniglo (GLO)
Investors’ new favorite gem, Uniglo (GLO), is heating up to launch in October. Until then, early enthusiasts can purchase GLO tokens from the official website and wait for them to be redistributed on the launch day. Uniglo’s uniqueness lies in its simple but wealth-oriented structure, so let’s learn more about it.
Some investors love stablecoins for their stable nature, seeing them as safer alternatives to save funds. But what would you think about the stablecoin with growth potential? As confusing as it sounds, as real it is made by Uniglo.
Uniglo implements an asset-backed vault that will store a mixture of popular cryptos, NFTs, and other digitized assets. These unique portfolios will gradually be enriched by treasury gains and will back the price of $GLO. While Vault is responsible for creating a stable environment and eliminating chances of downwards of $GLO, the dual burning mechanic is established to let $GLO add value over time. With the Ultra-burn feature, Uniglo DAO will repurchase and burn GLO tokens from the market, while the other 2% burn will apply to each $GLO sale. The more tokens burned, the lower supply gets, which means a higher price boost potential for $GLOs.
Uniglo offers a unique, engaging environment where DAO members get ownership of assets stored in the vault. Participating in the protocol’s decision-making process will further increase the user involvement and popularity of the project.
Uniglo’s bullish potential is proved by its significant ICO sales. The price of one $GLO has hit $0.0135, indicating that early investors have already seen a 35% return on their investments.
Aave (AAVE)
Aave is a DeFi protocol created to serve as a decentralized market. On the platform, borrowers may create overcollateralized positions to boost their liquidity while earning APY on their locked collateral.
Unfortunately, 2022 has so far been a tumultuous year for the Aave protocol. Although some minor recoveries have been seen, it is now impossible to forecast a bright future for AAVE.
Maker (MKR)
Maker (MKR) is the primary utility and governance token for the Maker platform. Maker is a decentralized autonomous organization (DAO) based on Ethereum that enables anybody to lend and borrow crypto without credit checks. To do this, the network combines sophisticated smart contracts with a uniquely pegged stablecoin.
In terms of Maker’s recent performance, it has seen a considerable decrease in the total value locked on the protocol during the last month. Maker has also been the victim of many cyberattacks, leaving investors with trust issues.
The DAO Maker was compromised in August 2021, losing over $7 million worth of stablecoins. One of the addresses identified on Etherscan was also used a few days ago to send $500,000 worth of DAI stablecoins. Unsurprisingly, the announcement harmed MKR’s pricing.
Overall, Maker’s future is impossible to predict positively if the developers do not include more intensive security measures.
Learn More About Uniglo:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
