Reviving portfolios is a key concern among cryptocurrency investors. After the major crypto crash that took place in the middle of 2022, many crypto entrepreneurs are still reeling from the aftermath while juggling inflation and other economic pressures. Uniglo.io (GLO), Fantom (FTM), and VeChain (VET) could be just what you need to make recovery possible.
The creators of Uniglo.io thought of the 2022 market crash as they were developing this decentralized project. Uniglo.io introduces a social currency called GLO, which has stable backing in the form of an Asset Vault. The project has a decentralized autonomous organization (DAO) that votes on major activities within the protocol such as deciding on which asset classes to acquire and include in the Vault. This means that the Uniglo community has a direct hand in the floor price of GLO, leaving them free from the threat of market fluctuations and price volatility.
The Uniglo.io project has a treasury used to jumpstart the acquisition of digital currencies and digitalized real-world assets. The tax system is important to fund this treasury as well as to burn a standard portion of every buy-or-sell transaction within the platform. Moreover, Uniglo.io implements the Ultra-Burn Mechanism to buy back and burn GLO tokens circulating in the market. Over time, the assets within the Vault appreciate and the total supply of GLO diminishes, which results in the preservation of wealth for longstanding token holders.
Fantom (FTM) can also help revive your portfolio. Fantom is an open-source decentralized smart contract platform, created as an alternative to Ethereum. It uses a scratch-built consensus mechanism and independent consensus layer, Lachesis, to facilitate decentralized finance (DeFi) and related services. Essentially, it solves problems associated with traditional distributed applications such as transaction speed, which developers say has been reduced to under two seconds.
VeChain is another crypto project that can diversify and strengthen your investment portfolio. It is a blockchain-as-a-service (BaaS) company based in Singapore that aims to use its proprietary technology to help boost efficiency, traceability, and transparency across the entire supply chain. In 2017, VeChain launched its own ERC-20 token VEN, which after being used for multiple external projects was transitioned into their mainnet. The transition sparked partnerships with over 100 global companies including HTC, TCL, Hisense, Temco, and Gropeco.
Your next year could start with a bang if you invest in the right crypto assets before the end of 2022. We believe that Uniglo.io (GLO), Fantom (FTM), and VeChain (VET) are strong contenders to help bring your investment portfolio back to life.
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