Supremacy is hard fought in the digital asset space. Ruled by meritocracy, projects must prove their worth or be replaced by new projects with improved value propositions. In the same way that markets are adversarial in nature- when one investor wins, another one loses- cryptocurrencies fight to attract users and liquidity, and more users on one blockchain means fewer users on another.
A new Ethereum-based social currency Uniglo (GLO), is drawing lots of attention, and whales from both Fantom (FTM) and Solana (SOL) are looking to join the project before they are overtaken- ‘‘If you can’t beat them, join them.’’
Uniglo (GLO)
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Uniglo blends wealth preservation and growth speculation into a single token. By leveraging buy and sell taxes, the protocol introduces two unique value creation methods for investors. The Uniglo Vault houses a mixture of tangible and digital assets, and these assets give GLO an inherent floor price, making it a value-backed currency. Asset ownership is the last remaining method for investors to preserve their purchasing power. The current inflation levels have taught harshly the lesson of how poor holding fiat is long-term.
As the assets stored in the vault appreciate, GLO’s price naturally increases. And the second value creation method is the inbuilt scarcity of GLO. Uniglo has pioneered an Ultra Burn Mechanic, automatically burning 2% of every transaction, making GLO the first truly hyper-deflationary asset. This model and constantly decreasing total supply will put consistent heavy upwards pressure on GLO’s price, making it an excellent long-term hold.
Fantom (FTM)
Fantom has suffered badly throughout the bear market, with extreme volatility even amongst digital assets notorious for their volatility. However, regardless of price action, the Fantom ecosystem continues to evolve at a blinding pace. When the market reversal arrives, vast swathes of liquidity will flood into this DeFi paradise.
Fantom’s ecosystem is not an accident. Thanks to the Fantom Foundation’s Incentive Programme, developers building successful DApps on the network were directly rewarded, and this attracted the brightest minds to build on the network. The rapid finality and low cost of transactions attracted investors and DeFi enthusiasts. The end result is a robust ecosystem that is truly a sleeping giant of the digital asset sphere and a space waiting to explode in value.
Solana (SOL)
Solana was hailed as ‘The Ethereum Killer’, and with a theoretical TPS (transaction per second) of 65,000, this blockchain far outclasses and outperforms other layer one protocols. Built around speed, Solana’s developers built this blockchain for mass adoption. It was not designed for the users of today but for the swell of users tomorrow.
SOL made an incredible rally throughout 2021, with investors amazed at the capabilities of the Solana mainnet, and the Solana blockchain will be a project at the heart of the multi-chain future.
Closing Thoughts
Whales do not become whales with ordinary investing stratagems. Whales recognise value when they see it and are always amongst the first to adopt new protocols. With early adopters always being disproportionally rewarded, this early sign of whale migration should prove useful to ordinary investors.
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Join Presale:https://presale.uniglo.io/register
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