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A newcomer to the Decentralized Finance (DeFi) space, Uniglo (GLO), is swiftly gaining acceptance in the Ethereum community. The project just finished a successful Paladin Audit, which thoroughly examines the security of the smart contracts that form the foundation of the Uniglo.io ecosystem.
Security has always been a primary focus for the Uniglo team. They have also implemented several security measures besides the Paladin Audit, such as voting on Multi-Sig treasury and KYC verification by Coinsult.
Paladin Audit, the latest security update of Uniglo, is a significant development for the project and lays the groundwork for further expansion.
Uniglo (GLO)
The protocol for the community-based social currency Uniglo promises to be user-friendly and scalable. The program has already garnered the much-needed attention of the cryptocurrency world, and its early supporters are enthusiastic about it.
This appreciation results from Uniglo’s community-based approach to its currency and its usage of an ultra-burn mechanism, which continuously limits the supply and pushes up the price.
Its user community administers Uniglo instead of a central bank or financial institution. This decentralized digital currency method has also attracted investors from other leading crypto initiatives.
With Uniglo’s community-based concept, more openness is attainable. Every Uniglo transaction is recorded on a public blockchain, allowing anybody to access the GLO sender and destination addresses. This transparency is impossible with fiat currencies, which central banks often manage in secret.
Importance Of Paladin Audit
Auditing and security are essential for any project. First, auditing provides an independent, unbiased assessment of the project. Second, protection helps shield the project from potential risks. Both auditing and security are essential for any project because they help ensure quality.
Leading blockchain security company Paladin carried out the audit for Uniglo protocol, and according to the report, no significant security flaws were discovered, giving Uniglo.io a positive diagnosis in the audit report. This is a noteworthy accomplishment for any DeFi project, but it is particularly outstanding for a project still in its infancy.
Fantom (FTM) And Solana (SOL) Uptrend Incoming
Solana and Fantom are two cryptocurrencies that have gained traction after the crypto market saw one of its most severe flash crashes of the year.
Fantom has built a reputation for itself in the smart contract market due to its quicker transaction speed and lower transaction fees.
Based on three months of price activity, Fantom approaches the immediate barrier. $0.4436 is slightly above the current market price of $0.3787. The recent swing has more positive vigor than the preceding swing.
Several days after the cryptocurrency market swung negative, Solana’s price is relishing the return of stability. Bitcoin, the most prominent cryptocurrency, fell below $20,000 on Friday, dragging down the whole market. From the support established at $36.50, the SOL price declined and almost dispersed the buyer congestion at $30.00. However, an optimistic perspective has returned, and the price of Solana is anticipated to make a significant rebound.
Fantom and Solana have been extensively transformed into strong DeFi players by solid audits, time-tested smart contracts, and versatility. With a KYC-verified core staff, primary and vesting smart contracts reviewed by Paladin, a transparent ecosystem, innovative ideas, and a user-centric strategy, Uniglo will soon rank among the top DeFi projects.
Uniglo’s second presale phase is now live, welcoming new investors with bonuses.
For More About Uniglo:
Join 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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