Place/Date: - September 14th, 2022 at 3:04 pm UTC · 3 min read
As the world increasingly turns to digital solutions for everyday problems, it’s no surprise that the financial sector is also benefiting from these technological advances. Decentralized finance, or DeFi, is one of the hottest trends in the industry, and it’s only getting started.
Uniglo.io (GLO), Decentraland (MANA), and Elrond (EGLD) are three of the most promising projects in the DeFi space that could have a big impact on your financial future. Let’s learn more about each project.
Uniglo is a highly reliable retirement investment because it is not susceptible to pump-and-dump schemes and has a solid price underpinning due to vault investments in various other assets. Other cryptocurrencies, stablecoins, non-fungible tokens, collectibles, gold, and works of art are among the assets contained in the GLO vault. This also gives GLO investors the option to acquire a share of assets they previously could not afford.
Due to a dual burn process, it is entirely deflationary as well. The burning technique is implemented by purchasing GLO tokens from the market and removing them on purpose from circulation. The second method is used for every GLO transaction. 10% is applied to each and every GLO sale. 2% is allocated to the Uniswap liquidity pool, 1% to marketing, 5% to the treasury to acquire additional assets for the vault, and the remaining 2% is immediately delivered to the burn wallet.
Uniglo’s presale is live till October 18th – when the launch of this new Ethereum-based token is scheduled. By now, Uniglo has obtained a KYC badge from the Coinsult firm and an audit from Paladin Blockchain security. The continuous security upgrades have so far bolstered investor trust in the project, resulting in a 30% price increase.
Decentraland (MANA) is now one of the most sophisticated decentralized Web3-powered metaverses. A vast number of major companies are injecting money into Decentraland and contributing to the experience’s development, indicating that Decentraland is here to stay long.
Companies such as Sony, Fidelity, and Acura have established locations where prospective buyers may examine their goods and speak with sales representatives. Overall, MANA’s future is optimistic in the long run.
The Elrond network is just like another successful platform for smart contracts, utilizing a technique known as Adaptive State Sharding. This configuration also enables the building of so-called “meta chains.” This blockchain operates in a single shard and is self-sufficient.
Elrond’s processing performance grows as the number of network shards increases. A public testnet of 50 shards demonstrated that the Elrond network is capable of 263,000 TPS. This is 10,000 times more than Ethereum’s 20TPS, making it exceedingly challenging to compete with Elrond.
As a highly scalable blockchain platform that hosts a vast array of intriguing applications, EGLD is generating buzz, and we can only anticipate that this will increase the project’s appeal.
It is evident that Uniglo (GLO), Decentraland (MANA), and Elrond (EGLD) are three major players in the cryptocurrency world that have the potential to transform your financial future.
Each company is heavily invested in research and development in order to provide its clients with the best products and services possible.
While there is no actual guarantee that investing in any of these companies will result in financial success, the strong track record of Uniglo, Decentraland, and Elrond suggests that they are worth considering as part of your investment portfolio.
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