Uniglo.io (GLO) Price Skyrockets After Audit, Investors Rushing To Buy Instead Of Bitcoin (BTC) And Ethereum Classic (ETC)

It’s been a tough few weeks for cryptocurrency investors. Bitcoin and Ethereum Classic prices have been plummeting, and many investors have been scrambling to sell their holdings. However, there’s one digital currency that’s bucking the trend: Uniglo.

Since mid-August, Uniglo’s price has skyrocketed by more than 35%, and it doesn’t seem to be slowing down, with investors rushing to buy up the digital currency.

So what’s behind Uniglo’s sudden surge in the price?

Well, it seems that Uniglo’s recent audit by Paladin Blockchain Security has given investors the confidence they need to buy into the digital currency. Paladin is a household name and one of the best auditors in the space; the company focuses specifically on DeFi projects that are EVM (Ethereum Virtual Machine) compatible. Paladin’s audit gave Uniglo a clean bill of health, and investors are now betting that the digital currency has a bright future.

With Bitcoin and Ethereum prices in freefall, Uniglo looks like a safe haven for investors. And given the recent surge in prices, it seems that many investors agree.

What is Uniglo (GLO)?

Uniglo is a community-owned currency that returns to economic fundamentals. GLO employs buy and sale taxes to support two of the protocol’s fundamental functions, introducing value-backing to DeFi.

The first step is to acquire assets for the Uniglo Vault, which stores digital, NFT, and physical assets. These assets provide GLO with natural value, supporting its floor price and allowing the token to appreciate as the Vault’s valuation rises.

The Ultra Burn Mechanism is the second. GLO is the first hyper-deflationary token in DeFi. With 2% of each transaction burned, the overall supply will soon fall, making this new token scarce. Scarcity implies rarity, and rarity always raises the price.

Learn more here:

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

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