Be Sure You Don’t Miss Uniglo.io, Ethereum Name Service, And Cosmos

The post Be Sure You Don’t Miss Uniglo.io, Ethereum Name Service, And Cosmos appeared first on Coinpedia Fintech News

The cryptocurrency market has not been at its best in 2022. However, investors can still generate gains before the year ends by buying Uniglo.io (GLO), Ethereum Name Service (ENS), and Cosmos (ATOM).

Uniglo (GLO)

Uniglo is a special social currency with a basket of cryptocurrencies and digitized tangible assets underpinning it. This new DeFi project holds its assets in a Community Asset Vault to protect the inherent value of its native token GLO. Five percent of the tax on every buy or sell transaction goes directly toward supporting the Vault. The Uniglo DAO, or decentralized autonomous organization, influences the project’s direction and goals and, as such, determines which assets to include in the Vault.

The Uniglo project implements an idiosyncratic buyback-and-burn model called Ultra-Burn Mechanism. Additionally, two percent of the tax on transactions is completely removed from circulation. This dual-burn approach aims to reduce the total token supply in the market and back the floor price of GLO. With a safety measure in place in case of market fluctuations, the Uniglo protocol assures benefits for GLO holders.

Ethereum Name Service (ENS) 

ENS is the token governing Ethereum Name Service, a protocol for managing a decentralized and extensive naming system, much like the Domain Name Service (DNS) but tailor-fitted for the needs of Ethereum users. It is programmed to map human-readable names and then crossmatch them with machine-readable identifier formats such as crypto addresses, content hashes, and metadata. Developers who wish to secure a preferred ENS domain need to move quickly before the domain becomes unavailable.

Cosmos (ATOM)

Cosmos, powered by its native ATOM cryptocurrency, is christened by its community as an “Internet of blockchains.” It aims to serve as a template for creating an “interchain,” a network of individual blockchains that can share information and assets without difficulty. By uniting networks using open-source tools for streamlining transactions, Cosmos resolves transactional issues that unscalable and slow Proof-of-Work networks cause. Due to its emphasis on customizability and interoperability, Cosmos stands out among other platforms.

The bottom line

Uniglo.io (GLO), Ethereum Name Service (ENS), and Cosmos (ATOM) can help investors regain some losses. Uniglo.io particularly can help investors achieve long-term wealth that weathers the kind of bearish market we currently find ourselves in.

Find Out More Here:

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

Website: https://uniglo.io

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