The Main Reason Uniglo (GLO) Will Challenge DeFi Projects Such As Polkadot (DOT) And Uniswap (UNI)

Markets will forever remain adversarial. Successful investors must outperform other investors, make better decisions, act faster, and find superior projects. The same rules apply to protocols themselves, and they are constantly battling to attract investors and liquidity.

A new Ethereum-based project Uniglo (GLO), is challenging the status quo and taking on established giants PolkaDot (DOT) and Uniswap (UNI). In the current market conditions, Uniglo is flourishing, and this long-term value store attracts investors from multiple chains looking to preserve and grow their wealth.

Uniglo (GLO)

Uniglo is disrupting DeFi. GLO is the first hyper-deflationary DeFi token and the first to introduce value-backing. Uniglo employs buy and sell taxes to implement mechanisms to maximise value creation for investors. A portion of each trade goes to acquiring assets stored in the Uniglo Vault. Uniglo’s unique decision to expose investors to digital and tangible assets makes this token robust and diversified, hedging against a downturn in any market segment.

And a part of each transaction powers the ultra burn mechanic. This revolutionary mechanism will see GLO become scarce on the open market. With 2% burnt with every trade, GLO is truly the first token to employ such an intense deflationary model. As supply drops, the price inevitably rises. By providing a diversified and deflationary token, Uniglo provides investors with a long-term store of wealth. This value proposition allows it to battle the larger DeFi projects on a level footing.

PolkaDot (DOT)

Blockchain technology is rapidly developing, and this comes with growing pains. With a heavy focus on creating the most scalable chain in the last bull run, the ability for these chains to communicate with each other was almost forgotten.

PolkaDot is a layer zero protocol that focuses on interoperability and allows data and value to be transferred between sovereign blockchains. Utilising its relay chain, the heart of the ecosystem, and its parachains, purpose-specific blockchains, PolkaDot has implemented a methodology for all these chains to communicate freely, and PolkaDot is building the multichain Web3 future.

Uniswap (UNI)

UNI is the governance token of Uniswap, the largest and most liquid decentralised exchange. Uniswap brought permissionless decentralised swaps to the ecosystem and solved the issue of high slippage by introducing liquidity pools.

Uniswap exists to gather liquidity and achieved this through introducing the Automated Market Maker model that has been used as the model for all subsequent decentralised exchanges. By offering an improved swapping experience for traders, and a source of passive income for investors, Uniswap secured its place as an essential DeFi protocol.

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