The digital asset known as Uniglo has seen some positive price development as of late and is now likely to join the ranks of Nexo and Ripple in the top 100 digital assets by market capitalization.
This is quite an accomplishment for Uniglo, which was only offered to the public last July. Its team has plans to launch on Uniswap in mid-November, and the crypto community is very excited about it. The launch will likely drive further adoption of the GLO token and help to increase the token’s value.
Nexo (NEXO) and Ripple (XRP)
Nexo is a cryptocurrency that operates on the Ethereum blockchain. It is an ERC20 token that provides holders with a dividend based on the Nexo platform’s profits. Nexo is the world’s first instant crypto credit line provider and aims to provide crypto asset-backed loans to users.
Ripple is a cryptocurrency that uses a distributed ledger to facilitate financial transactions. XRP is the native currency of the Ripple network and is used to facilitate transactions between different fiat currencies. Ripple is a real-time gross settlement system (RTGS) that allows for the instant and direct transfer of money between two parties.
Uniglo (GLO)
The past year has demonstrated that both fiat and digital assets are untrustworthy as stores of value, with inflation eroding money and digital assets experiencing instability. Uniglo reverts to fundamental economic principles, using tangible and digital assets to provide an alternative store of value.
Uniglo has “buy and sell” taxes that are utilized to acquire assets. The Uniglo Vault will contain a mix of physical and digital assets, hedging against market downturns and creating a token that steadily rises through diversification.
The Uniglo Vault will house higher-cap cryptos, stablecoins, lower-cap cryptos, and high-end luxury commodities like fine art and gold. This portfolio insulates and adapts to any market environment by utilizing a diverse set of securities. This new value storage is badly needed and will be quite useful to DeFi.
Learn more here:
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
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