In the race to find the next big thing in cryptocurrency, many people look to social currency as a way to invest. Uniglo (GLO) is a community-based social currency quickly gaining popularity as an investment.
Synthetix is decentralized finance (DeFi) platform that allows on-chain exposure to a broad range of cryptographic and non-cryptographic assets. The protocol provides users access to highly liquid synthetic assets based on the Ethereum (ETH) network (synths). Synths monitor and offer returns on the underlying asset without needing direct ownership.
Neo identifies itself as a “rapidly expanding and dynamic” ecosystem that aims to become the cornerstone for the next generation of the internet – a new economy in which digital payments, identities, and assets coexist.
This project was considered China’s first public blockchain when it was introduced in February 2014 under Antshares. Three years later, the open-source platform was eventually relaunched as Neo.
While Synthetix (SNX) and Neo (NEO) have gained a big advantage on the market so far, they pale compared to Uniglo. Here’s why:
Uniglo Is Much More Decentralized Than Synthetix Or Neo
Synthetix is controlled by a centralized organization, while a foundation controls Neo. Uniglo, on the other hand, is governed by the community. This makes Uniglo a much more decentralized and much safer investment.
Uniglo Has Better Volatility Resistance Than Syntherix Or Neo
Uniglo will use the Ethereum blockchain to create a multi-sig secure vault – where it will hold most of its digitized asset-backed NFTs, Digital Gold, Crypto Art, etc. Uniglo (GLO) will implement a 5% Buy and Sell tax and build the Uniglo vault over time to accomplish this. The value of Uniglo will be pegged to the price of the real-world asset that they have in their Vault. For example, if the price of significant cryptocurrencies goes up, so will the value of the GLO.
Uniglo Has A Better Long-Term Outlook
By using two different burning methods, Uniglo is shaping into a hyper-deflationary token model. One burning method refers to the buy-back and burn approach, which, according to community decisions, will determine the amount of GLOs purchased back from the market to destroy them. Another method is connected to buy-and-sell tax. 2% of every GLO purchase or sale will be automatically sent to the dead wallet. These burning methods function automatically, with the help of audited and approved smart contract codes.
The token burning method is dedicated to giving GLO deflationary nature that will let the token survive long and constantly raise in value.
Uniglo Shows Significant Price Increments
Synthetix and Neo have been severely impacted by the most recent crypto winter. The prices decreased drastically, which intensified investor selling pressure. Meanwhile, Uniglo, which is still in the ICO phase, exhibits consistent price growth. In the first few weeks of the presale, the price of GLO climbed by 25%, and by the conclusion of that period, the whole price hike reached 45%.
Uniglo’s security enhancements, which include main and vesting smart contract auditing from Paladin, mostly drove the price movement. The story of Uniglo demonstrates that security is always a major confidence booster for investors, along with a promising roadmap and goals.
To conclude, looking at the big picture, it’s clear that Uniglo can generate income significantly better than Synthetix and Neo, and the presale phase could be the best opportunity to join the community.
Learn More Here:
Join Presale: https://presale.uniglo.io/register