In a world where the value of fiat currencies is constantly fluctuating and political and economic turmoil can cause upheaval, crypto tokens represent a digital store of value that can be easily traded and used to purchase goods and services. In terms of which tokens are the best safe havens, there are a few that stand out.
Uniglo (GLO) is a stablecoin backed by top-tier assets, making it a reliable and stable form of value. Bitcoin (BTC) is the original and most well-known cryptocurrency, and its decentralized nature makes it resistant to government interference. Kava (KAVA) is a cross-chain secured debt position that offers users interest rates in exchange for locking their crypto tokens as collateral.
Each of these tokens has its own pros and cons, but all three offer a level of security not found with fiat currencies. Let’s learn more about each of them.
Uniglo (GLO) is an asset-backed social currency that aims to revolutionize the DeFi industry and provide a hyper-deflationary, volatility-resistant cryptocurrency.
Uniglo plans to build a digital vault to store prominent cryptocurrencies, non-fungible tokens and tangible assets and preserve the value of its native currency $GLO. A transaction fee helps fund the GLO vault. 5% of each transaction is used to purchase new assets for the community vault.
In addition, Uniglo intends to use two different firing techniques to achieve its goals to the greatest possible extent. The first would automatically burn 2% of all $GLO tokens exchanged, while the second would burn $GLO tokens that were bought back.
Uniglo’s strong fundamentals and targets appear to be a natural response to the current market turmoil.
Uniglo has just successfully completed the first round of pre-sales, and hundreds of new investors are joining the community every day.
By market cap, Bitcoin (BTC) remains the most valuable cryptocurrency. With over 20,000 coins, it controls 41% of the entire cryptocurrency market. The majority of investors consider bitcoin an asset or “digital gold” since it was the first cryptocurrency to be created.
Bitcoin is an asset that is not vulnerable to the whims of governments or central banks. Due to its decentralized nature, it is unaffected by traditional financial institutions. This makes it a particularly attractive alternative for those looking to protect their investments from volatility. Bitcoin also has a limited supply as only 21 million BTC tokens will ever circulate. This scarcity provides a hedge against inflation, making the asset a safe haven asset.
Undoubtedly one of the most intriguing initiatives in the crypto space. Kava engineers have designed a layer-one blockchain that uses a co-chain architecture and is characterized by its speed. It is the network where Ethereum and Cosmos merge into one. The potential for expansion is very frightening.
Kava has launched Kava Rise, a $750 million developer incentive program that will ensure dapps (decentralized applications) migrate to the network and the most competent developers build on top of it. This is a proven technique used by other Layer One projects as well, where it has been very successful. Taken together, all of these attributes make KAVA a great investment choice when looking for safe havens.
In a world where economic and political uncertainty is the new normal, crypto tokens offer a way to protect and grow your wealth. Safe havens like Uniglo (GLO), Bitcoin (BTC) and Kava (KAVA) are said to offer investors a sense of stability.
More information about Uniglo:
Participate in the pre-sale: https://presale.uniglo.io/register
Always conduct proper research when dealing with currency and token presales. The above information does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the site or its employees.
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