Friday, January 27, 2023
HomeThePrint ValueAd InitiativeUniglo (GLO) front-runs most secure crypto list ahead of Fantom (FTM), Polygon...

Uniglo (GLO) front-runs most secure crypto list ahead of Fantom (FTM), Polygon (MATIC) And Synthetix (SNX)

The outcome of Uniglo’s smart contract audit is excellent news for early investors, and on-chain data shows a spike in presale participation following the audit's release.

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Security is paramount in DeFi. With millions of dollars of exploits each year in the space, investors must take steps to guard themselves against losses. Investors who witnessed the DeFi summer of 2020 will remember four-figure APYs but will also not forget the prevalence of rug pulls with developers dumping tokens and draining liquidity or using back doors to escape with investor’s funds.

Smart contract audits addressed this issue. With professional developers examining smart contracts and publishing reports on the outcome. These auditors began outlining vulnerabilities and potential exploits. Paladin, one of the most experienced and long-standing DeFi specialised smart contract auditors, has just published the result of Uniglo’s audit: Paladin: Uniglo’s Smart Contract Audit Result.

This is massive news for Uniglo (GLO) holders, putting the project in the upper echelons of crypto projects ranked by security. Overtaking even established projects such as Fantom (FTM), Polygon (MATIC), and Synthetic (SNX).

Uniglo (GLO)

The outcome of Uniglo’s smart contract audit is excellent news for early investors, and on-chain data shows a spike in presale participation following the audit’s release. It has galvanised early investors and will likely draw investors from across the crypto sphere, knowing that their funds are safe and secure.

Introducing a blend of wealth preservation and growth speculation Uniglo’s developers are offering investors an option to store their wealth long-term by leveraging the power of asset ownership. The Uniglo Vault will hold a mixture of physical and digital assets, offering broad exposure to several market segments, including high-end tangible goods such as gold and fine art. Both of which have proven excellent stores of value. The Vault will be a managed fund, and due to the blockchain’s programmability, GLO, a single token, represents a diversified investment portfolio.

By special arrangement
By special arrangement

Fantom (FTM)

Fantom is currently heavily undervalued and a great investment opportunity. This ultra-scaleable layer one protocol employs a DAG (directed acyclic graph) instead of a blockchain, which allows the validation of simultaneous transactions and puts the performance of this blockchain in another league.

A favourite amongst DeFi investors, the Fantom ecosystem offers some of the best yield generating opportunities and will be one of the greatest benefactors when the global macroeconomic environment becomes more risk-on.

Polygon (MATIC)

Polygon’s developers have been working hard to deploy ZK Rollups (Zero Knowledge Roll Ups) to the Ethereum mainnet.

The Matic PoS (Proof of Stake) sidechain introduced scalability to the largest ecosystem within crypto, and the team at Polygon are dedicated to continuing this mission and bringing ever faster transactions for users. The most famous layer two scaling solution, Polygon, continues to evolve and adapt, making it a great token to back long-term.

Synthetix (SNX)

Synthetix brings the best of the legacy traditional trading markets to the blockchain and has recently seen a massive upswing in trading volume.

Synthetix allows investors to mint synths (synthetic assets) that track the prices of real-world assets in real-time. Offering exposure to a more robust range of assets, Synthetix is expanding DeFi’s potential and is one of the only places investors can trade options within DeFi.

(ThePrint ValueAd Initiative content is a paid-for, sponsored article. Journalists of ThePrint are not involved in reporting or writing it.)

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