Uniglo (GLO) Peaks Interest Of Saudis With Security Audit, Potentially Joining Eos (EOS) And Zcash (ZEC) In Top 100
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An increasing number of investors and consumers are embracing cryptocurrency technology in Saudi Arabia, which has experienced a boom in cryptocurrency interest. The favorable atmosphere in Saudi Arabia has made it a significant market for cryptocurrencies, and its rising popularity has made it a worldwide hub for the crypto community.
Saudis are known for being big investors, and when they see a project with big potential, they are more likely to invest in it. Uniglo.io, a DeFi project that obtained an audit from Paladin, has gained a massive interest among Saudi investors, as the project is seen as a secure and reliable solution for the volatile market. The popularity boost even allows Uniglo to join Eos (EOS) and Zcash (ZEC) in the top 100.
Uniglo is a new DeFi platform that aims to develop the world's biggest portfolio of digital assets by simplifying diversified investment. By purchasing and holding GLO, investors may have access to a vast treasury of digital assets, such as cryptocurrencies, NFTs, and real-world assets, such as tokenized gold, rare items, equities, and even real estate.
GLO can also be seen as a reflective token. However, instead of returning tokens to holders when new members join, 2% of all GLO sales are automatically burnt by smart contracts that give investors profits in the longer term.
Moreover, Uniglo burns GLO tokens repurchased by the protocol from the secondary market. These built-in tools do not require investors to burn tokens themselves, as the process is automatically done.
The robust and regular burning process allows GLO investors to rest easy even during a bear market, as the
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