With a security audit, Uniglo (GLO) piques Saudis' interest and might join Eos (EOS) and Zcash (ZEC) in the Top 100.

Jamie Larson

• 3 min read
With a security audit, Uniglo (GLO) piques Saudis' interest and might join Eos (EOS) and Zcash (ZEC) in the Top 100.

In Saudi Arabia, where interest in cryptocurrencies has soared, more and more consumers and investors are adopting the technology. Saudi Arabia is a big market for cryptocurrencies thanks to the country's favorable environment, and its expanding popularity has turned it into a hub for the global crypto community.

Saudis are regarded as being significant investors, and they are more inclined to invest in a project if they believe it has significant potential. Saudi investors have shown a great deal of interest in Uniglo.io, a DeFi initiative that received an audit from Paladin and is viewed as a safe and dependable option for the turbulent market. The increase in popularity even enables Uniglo to join Zcash (ZEC) and Eos (EOS) in the top 100.

Potential of Uniglo (GLO)

By streamlining diverse investments, the new DeFi platform Uniglo seeks to build the largest portfolio of digital assets in the world. By purchasing and holding GLO, investors may have access to a sizable treasury of real-world assets, such as tokenized gold, rare goods, shares, and even real estate, as well as digital assets, such as cryptocurrencies and NFTs.

GLO can be thought of as a reflective token as well. However, 2% of all GLO sales are automatically burned by smart contracts that provide investors with long-term gains, rather than repaying tokens to holders when new members join.

Additionally, Uniglo destroys GLO tokens that the protocol has acquired from the secondary market. Due to the automatic nature of these built-in mechanisms, investors do not need to manually burn tokens.

Investors in GLO can rest comfortably even during a negative market because the supply-reduction plan will maintain or even raise the price of $GLO thanks to the reliable and consistent burning process.

Uniglo offers multi-layered security in addition to these appealing features to draw in Saudi investors. A report on Uniglo's successful audit was been made available by the blockchain security firm Paladin. The analysis found no significant vulnerabilities. Only a few low-risk issues were found, and the team was able to address them right away. According to the investigation, Uniglo's smart contracts and vesting contracts were created with a high level of expertise and knowledge.

The audit wasn't the first security evaluation for the project. Additionally, the team completed KYC verification by the Coinsult organization during the first few weeks of the presale. The KYC report also demonstrates that the workforce is reliable and unconnected to illegal activities.

Additionally, Uniglo uses a multi-signature verification method that requires approval from at least two key team members before contract alterations are carried out.

In general, it appears that Uniglo is creating a secure environment for the community, which is essential for a DAO system that is run by users.

Understanding Zcash and EOS (ZEC)

Decentralized apps (dApps) for business are created, hosted, and used on the blockchain-based platform EOS. EOS offers essential features, including as secure access and authentication, permissions, data hosting, use monitoring, and Internet-based communication amongst decentralized applications, that allow businesses and people to build blockchain-based applications similarly to web applications (dApps).

While Zcash is one of the most well-known privacy coins or cryptocurrencies that support anonymous transactions. You can choose how many of your transactions with Zcash are private. You have the choice of keeping your transaction information private or making it public (public).

If Uniglo wants to rank in the top 100 cryptocurrencies with EOS and Zcash, it must provide a high level of security. EOS and Zcash are two cryptocurrencies that emphasize privacy. Until now, Uniglo has followed its strategic security strategy, and if its future objectives are accomplished, it will be able to compete with the leading businesses in the sector.

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