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Vault-Backed Crypto Like Uniglo.io Will Have More Longevity Than Unbacked Crypto Like Cosmos Or Fantom

Twin Peaks Digital PR by Twin Peaks Digital PR
October 31, 2022
in Press Releases
Reading Time: 3 mins read
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The bear market has shifted attention toward value creation as opposed to value capture. A risk-off macroeconomic environment has formed, and investors flee up the risk ladder toward safer, more stable projects.

Vault-backed crypto projects like Uniglo.io have attracted greater attention due to their long-term vision. These value-backed projects will outlive their unbacked counterparts, such as Cosmos and Fantom.

Uniglo.io

Uniglo returns to sound economic principles. A unique mixture of assets back the native token GLO; this exposure to multiple markets allows GLO to provide a viable long-term store of value. Uniglo leads the way toward a more sustainable future.

Buy and sell taxes power the protocol, with a portion of these funds used for asset acquisitions. Uniglo purchases a diverse collection of assets, ranging from large to small caps, and includes NFTs in its vault. The NFTs represent tokenized high-end physical goods such as fine art, a store of value that has historically been unaffected by market behavior. Uniglo outlines the ‘Ultra Burn Mechanism’ in its whitepaper, a further value creation mechanism. It sees 2% of every transaction burnt, leading to a rapid decline in GLO’s total supply making the token scarce on the open market and, therefore, intrinsically more valuable.

Cosmos

The Cosmos ecosystem consists of fourteen sovereign blockchains that can communicate freely with one another. The Inter-Blockchain Communication (IBC) protocol powers this free flow of assets and information. Broadly understood as a layer zero protocol, Comos’s central goal is to bolster interoperability within the crypto space.

However, facing projects with fundamentally better technology, such as PolkaDot, the future of Cosmos looks uncertain.

Fantom

Fantom is a third-generation blockchain and enjoyed enormous success throughout 2021 as alternative layer one projects thrived. Fantom employs a DAG (directed acyclic graph), allowing it to validate transactions concurrently, and this rapid performance led Fantom to become a giant within DeFi.

However, when FTM’s max supply reaches total supply and staking rewards diminish, many expect large validators to dump their FTM on the open market. Fantom’s incredible performance in a risk-on environment is only matched by its poor performance in a risk-off environment.

Closing Thoughts

The most amazing feature of digital assets is their programmability, and Uniglo’s developers have truly leveraged this characteristic. By introducing value-backing into the digital asset space, they have created a project that can thrive in both the bull and the bear markets. Uniglo represents an ideal place for investors to secure and grow their funds.

Find Out More Here:

Join Presale: https://presale.uniglo.io/register

Website: https://uniglo.io

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

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