Cryptocurrencies have entered the market in the hope of providing an exchange that does not require a central authority to oversee transactions. Cryptocurrencies have succeeded in introducing decentralized solutions to the public, but coins such as Bitcoin (BTC), Ethereum (ETH) and Cardano (ADA) can remain volatile. .. And in the bear market, this volatility is a big problem.
So newcomers to space –Uniqlo (GLO) – Aims to counter that volatility by implementing partial ownership of a set of assets that can combine high growth and risk mitigation.
UNIQLO is a new cryptocurrency project that holds a special asset vault. It starts with a small treasury funded by the collection of 5% of the trading tax. As finance grows, the community buys a variety of assets such as cryptocurrencies, NFTs, real-world collectibles and digitized gold. UNIQLO Vault’s assets play an important role in supporting the lowest rates for UNIQLO tokens.
Gold is one of the oldest and most reliable assets in the world. And thanks to protocols like Paxos, people can now invest in gold digitally. It takes the form of digitized gold backed by physical gold. Therefore, when UNIQLO invests in it, the investor will own a digitized, fragmented gold asset. Through partial investment, GLO token holders can penetrate the gold market in a low-cost and low-risk way.
In Bitcoin, subdivided asset ownership makes little sense. Investors have their own Bitcoin and enjoy the rise in its price-and that’s about it. Historically, Bitcoin’s profits have been astronomical. Therefore, BTC is still an attractive coin and still a leader in cryptocurrencies. However, as new tokens enter the market and introduce new approaches to return on investment and use cases, Bitcoin could one day lose its position as a crypto king.
Ethereum is the second largest crypto market and the closest competitor to Bitcoin. As an asset, Ethereum tokens are also volatile. On the bright side, Ethereum takes the form of participating in subdivided asset ownership. It supports NFTs that are subdivided for greater access to the general public. However, Ethereum’s NFT Arena remains speculative. There is a long way to go before it is considered a stable source of assets. In addition, subdividing NFTs requires electricity usage, which is known to be costly on Ethereum.
Cardano is expanding the use cases for token ADA. A rapidly growing popularity of Cardano products is NFT-backed loans. Community developers have been working hard on the NFT-DeFi bridge to introduce improvements to the platform’s loan services. Like Ethereum, Cardano has many protocols for subdividing NFTs. Unfortunately, however, Cardano tokens are also affected by Bitcoin price fluctuations.
Due to rising costs and economic downturn, fragmented assets can play a key role in the future of cryptocurrency investment and ownership. Buying UNIQLO Tokens now takes investors one step closer to holding UNIQLO Asset Vault in installments.
For more information:
Participate in the pre-sale: https://presale.uniglo.io/register
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