Uniglo (GLO) Has A Paladin Audit Now. Volatile Week For Bitcoin (BTC) And Ethereum (ETH)

As of this week, Uniglo (GLO) has successfully obtained a Paladin audit. The audit is available to the public, and the results show that Uniglo (GLO) is a well-run project with the potential to be an excellent investment. The audit showed that the protocol is compliant with all applicable regulations and utilizes well-coded smart contracts.

In contrast, the current week turned out quite volatile for Bitcoin (BTC) and Ethereum (ETH). BTC is down 1.28%, while ETH is down 4.43%. The market is down overall, and two leading cryptos are no exception. However, they have both shown resilience in the past and are likely to rebound.

What Is Uniglo (GLO), And Why Does Paladin Matter?

DeFi initiative Uniglo is a social currency that provides an asset-backed token. With an asset-backed treasury and an Ultra-Burn Mechanism, Uniglo intends to combat the challenges many cryptocurrencies have encountered in the current weak market. Its market offering was a resounding success, as the price of its GLO token climbed by more than 25 percent during the first week of its presale.

Uniglo is an ERC20-based contract that enables the fee-based transfer of tokens. The collected fees are allocated to marketing, treasury, liquidation, and burn mechanisms. Uniglo coin is also paired with ETH on Uniswap, allowing the owner to boost liquidity. All tokens are issued to the recipient address specified during deployment.

According to the Paladin website, Uniglo’s main and vesting contracts on the Ethereum network have been the subject of a produced report.

Internally and externally, Paladin has examined smart contracts from the user’s standpoint and searched for vulnerabilities, logic mistakes, and other flaws.

Paladin has looked at Uniglo’s codebase and overall security as part of its audit. They have also assessed the feasibility of the hybrid consensus algorithm.

This audit is essential for Uniglo and the entire cryptocurrency community. If Uniglo’s Multi-sig treasury is deemed secure and efficient, it could pave the way for other digital currencies to follow suit.

In short, Paladin’s audit of Uniglo is a big deal, as it could very well determine the future of cryptocurrency.

Volatile Week For Bitcoin (BTC) And Ethereum (ETH)

It’s been a rollercoaster week for Bitcoin (BTC) and Ethereum (ETH), with both cryptocurrencies experiencing sharp price swings. BTC dipped below $20,955 on Tuesday before recovering to $21,771 by Wednesday. ETH followed a similar pattern, falling below $1,552 on Tuesday before climbing back above $1,700 by Wednesday. The market appeared to stabilize on Friday, with BTC hovering around $21,202 and ETH around $1,630.

Despite the volatility, ETH is still up around 11.60% since last month, and BTC is down around 0.60%. It remains to be seen whether the market can maintain this momentum or whether we will see further price swings in the days and weeks ahead.

Bottom Line

In August 2022, Uniglo (GLO) announced it had appointed Paladin Audit to conduct a review of its operations. This is a very positive move by the organization, demonstrating their commitment to ensuring their financial practices are above board and compliant with government and industry best practices.

Speaking of BTC and ETH, the cryptocurrency crackdown, South Korean regulations, and bearish technical signals have brought some fluctuations to the market.

With the hyper-deflationary nature and top-tier security, volatility-resistant Uniglo is set to impress a broader audience in the coming weeks.

Learn More About Uniglo:

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

Website: https://uniglo.io

Telegram: https://t.me/GloFoundation

Discord: https://discord.gg/a38KRnjQvW

Twitter: https://twitter.com/GloFoundation1

Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.

For publishing articles on our website get in touch with us over email or one of the accounts mentioned below.