In their most recent audit, a cryptocurrency research firm, Paladin, has given Uniglo (GLO) a clean bill of health. This assessment is good news for investors weary of the young company’s lack of transparency.
What’s even more impressive is that Uniglo did this while offering more security-centric features and functionality than either Fantom (FTM) or Near Protocol (NEAR). According to an analyst in the crypto space, Uniglo’s decision to pass the audit is a “game-changer” for the blockchain security landscape.
What does this mean for Uniglo’s competitors? This sentiment may lead to more demand for Uniglo’s services. On the other hand, this may force other companies to up their game regarding security. Either way, Uniglo is now in a league regarding blockchain security.
What Are Uniglo’s (GLO)’s Features?
It’s not easy to invent something innovative when the industry is fled with tons of unique initiatives. However, Uniglo manages to surprise us. GLO, the native currency of Uniglo, will not be affected by market speculation or random external forces like many other cryptocurrencies. Instead, the price of GLO will be maintained by a fantastic portfolio of assets meticulously selected to weather storms of price fluctuation.
Ultra Burn mechanism will dramatically reduce the GLO market supply according to the hyper-deflationary token issuance method implemented by the Uniglo project. Furthermore, by using a Uniglo Community Vault, investors will own fractionalized assets and benefit from price appreciation.
The vault is believed to diversify Uniglo’s revenue stream with businesses in various industries, meaning the protocol will rely less on any sector for its performance.
Finally, Uniglo is a well-managed project with a solid commitment to corporate governance. The company has a conservative approach to risk management, and its strong performance emerged during the global financial crisis.
Uniglo Passes Paladin Audit
Uniglo, the new cryptocurrency in the world of decentralized finance, announced the results of its latest security examination this month. The audit was conducted by Paladin audit. With a focus on decentralized financial protocols, Paladin is the market leader in smart contract audits.
According to the audit, Uniglo’s security measures are more comprehensive and effective than its competitors. In particular, Uniglo has established stronger authentication and authorization measures, more robust data encryption, essential management procedures, and effective smart contract codes.
Uniglo’s commitment to security extends beyond its products and services. The project has also advocated for stronger security regulation in the crypto industry. One of their representatives shared their opinion regarding this matter: “We believe that every industry must monitor and implement new and relevant regulatory practices for the safety of its customers. We will continue to work with regulators and other stakeholders to ensure that the crypto industry is safe for all.”
This is a significant step forward for the cryptocurrency industry, and it is hoped that other companies will follow the lead of Uniglo.
As investment markets continue to experience turbulence, investors are increasingly looking for reliable options to offer stability and security. It’s safe to say that Uniglo satisfies all the requirements; therefore, analysts believe it couldn’t have been the best time for the protocol to show its dominance over the market with top-notch security. Let us not forget that a few weeks ago, Uniglo managed to get KYC verified by coinsult, which resulted in a price increase.
These factors, combined with the fact that Uniglo has much more security than either Fantom or Near, make it a more attractive option for those looking for a secure and compliant investment platform.
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