Home Ethereum Uniglo (GLO), Shiba Inu (SHIB), and Chainlink (LINK)

Uniglo (GLO), Shiba Inu (SHIB), and Chainlink (LINK)

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Uniglo (GLO), Shiba Inu (SHIB), and Chainlink (LINK)

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The Ethereum (ETH) network is widely considered to be the most well-known and widely used smart contract platform in the cryptocurrency market. The network boasts of having created a large number of decentralized applications and projects, which are used by millions of people around the world. In this article, we will highlight three potential such projects running on the Ethereum network in 2022 that are worth watching. These initiatives are called Uniglo (GLO), Shiba Inu (SHIB) and Chainlink (LINK).

What is the Ethereum (ETH) network?

Ethereum is sometimes considered the second most popular cryptocurrency behind Bitcoin in the cryptocurrency world. However, Ethereum is much more than Bitcoin, which is generally considered digital currency or a store of wealth. Decentralized platforms like the Ethereum network allow the creation and implementation of “decentralized applications,” or dApps, simply programs running on the Ethereum network without centralized management. For this reason, they are safe from censorship, fraud or outside interference. Additionally, dApps can offer users greater privacy and security than conventional apps because they are built on blockchain technology.

Uniglo (GLO)

A new Ethereum-based startup, Uniglo, is looking to make a name for itself in the DeFi market. It offers investors the possibility of indirectly holding various assets which will be kept in the Uniglo Asset Vault.

The smart combination of digital and NFT-related assets in this vault, chosen by the community to help withstand volatility and bear markets, is what makes it so important.

Additionally, Uniglo is adopting dual burn tools to continuously increase the value of its native $GLO token. A 10% sales tax is imposed on every transaction or purchase of GLO.

Immediately burning 2% of this sales tax will drive up the price of GLO tokens, while 5% of the tax will fund the vault to buy more assets and earn higher revenue, which will be used to redeem and burn more $GLO.

Shiba Inu (SHIB)

The dog-themed meme currency, the Shiba Inu Coin (SHIB), has become one of the most popular internet coins over the past year. The project team’s ongoing efforts to embed utility in the token, ensure deflationary supply, and provide passive income opportunities are a big factor in SHIB’s popularity. A DAO, ShibaSwap, decentralized exchange, metaverse community, and many other components make up the current Shiba Inu ecosystem. Like DOGE, SHIB has developed an almost cult fan base and should be around for quite some time.

Chain link (LINK)

By enabling smart contracts to access off-chain and real-world data while maintaining the reliability and security required by blockchain technology, Chainlink (LINK) enhances the capabilities of smart contracts.

Chainlink (LINK) is one of the cryptocurrencies that managed to avoid the 2018 bear market and saw a price gain, likely due to its value in the developing DeFi market. The platform is well known for its integration with Google Cloud and its use by protocols such as Maker and Compound.

Conclusion

These promising projects on the Ethereum network obviously differ based on individual interests and demands. So there is no one-size-fits-all solution to this. Shiba Inu (SHIB), Chainlink (LINK) and Uniglo (GLO) are some of the most anticipated initiatives in 2022. We can’t wait to see what these three projects have in store for us in the current year since they have the potential to change the way we engage with blockchain technology ultimately.

To find out more about Uniglo:

Join the 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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