With Paladin Audit Pass, Uniglo (GLO) Will Launch On Uniswap (UNI) On The Ethereum (ETH) Network.

Jamie Larson

• 2 min read
With Paladin Audit Pass, Uniglo (GLO) Will Launch On Uniswap (UNI) On The Ethereum (ETH) Network.

More and more projects are looking to start on decentralized exchanges as the DeFi ecosystem expands (DEXes). One of the most well-liked DEXs in the market is Uniswap, and for good reason.

One of the main benefits of starting a project on Uniswap is the greater visibility it will get. One of the most well-known DEXes on the market is Uniswap, and putting your project there will help it gain more visibility.

Users may easily access your project because Uniswap is integrated with a variety of well-known wallets, including MetaMask and Coinbase Wallet.

Your project will benefit from improved liquidity as a result of being launched on Uniswap. You will be able to access the liquidity pool the platform creates when you debut on Uniswap. By doing this, you'll make sure your project has the liquidity it needs to trade on the platform.

Uniswap is also powered by Ethereum smart contracts, which further enhances its reliability and security. The most widely used smart contract platform in the world is Ethereum, which has been in use for many years. As a result, users may be sure that their money is secure on Uniswap.

Let's get to the topic now that we are aware of Uniswap and its significance. Later in October 2022, a fresh DeFi project created on the Ethereum Uniglo (GLO) network will go live on Uniswap. What you need to know about the project is provided below.

How Does Uniglo (GLO) Work?

A recent addition to the Ethereum blockchain, Uniglo aims to revolutionize the DeFi market with a potent ultra-burn mechanism and a vault filled with exceptional, high-quality items.

In periods of fast inflation, Uniglo creates asset backing and scarcity, and it enters the market as a hedge against volatility.

The non-fungible tokens, real-world assets, and tangible items will underpin GLO, the social currency. As a result, its value will be directly correlated with the items in its Vault. The Uniglo community, a decentralized autonomous organization (DAO), will collectively decide which assets to buy, sell, or keep in this GLO vault. Additionally, a 2% burn tax will be applied to all GLO buy-and-sell orders.

Uniglo's security measures

Customers favor investing in a legal and secure crypto venture over all other perks. The greatest achievement and turning point for Uniglo is therefore considered to be a successful audit pass.

Paladin, a well-known blockchain security firm and pioneer in auditing smart contracts for decentralized financial systems, has just completed an audit of Uniglo. Paladin audit will probably safeguard the public interest by ensuring that the Uniglo protocol is accountable for its economic operations.

The KYC-verified workforce, accurate vesting contracts, and superior multi-sig authentication inside Gnosis safes, in addition to an audit, demonstrate Uniglo's security.

Additionally, Uniglo gains additional security and investor confidence from being developed on Ethereum Chain, the most well-liked platform for smart contracts and decentralized apps (dApps) worldwide.

To sum up

Halfway through the second presale round for Uniglo. It is a terrific choice to generate more income in the approaching months due to its increasing popularity, expanding security measures, and unique service merger.

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