Uniglo (GLO) brings out fractional ownership, overshadowing Bitcoin (BTC), Ethereum (ETH) and Cardano (ADA)

Cryptocurrency came to the market with the hope of offering exchanges that did not require a centralized body that monitored transactions. While crypto has been successful in introducing decentralized solutions to the public, coins such as Bitcoin (BTC), Ethereum (ETH) and Cardano (ADA) may remain volatile. And in the bear market, this volatility has been a major problem.

So, a newcomer to space – Uniglo (GLO) – aims to counteract this volatility by implementing fractional ownership of a range of assets that can combine high growth with risk reduction.

Uniglo (GLO)

Uniglo is a new cryptocurrency project that will include a special asset vault. It starts with a small treasury financed through the collection of 5% of a buy-and-sell tax. As the Treasury grows, the community will buy a variety of assets, including cryptocurrencies, NFTs, real collectibles and digitized gold. The assets of the Uniglo vault play an important role in supporting the floor price of the Uniglo token.

Gold is one of the oldest and most reliable assets in the world. And thanks to protocols like Paxos, people can now invest in gold digitally – this takes the form of digitized gold backed by physical gold. So when Uniglo invests in it, investors will own digitized fractional gold assets. Through fractional investments, holders of GLO tokens can penetrate the gold market in a way with a low price and low risk.

Bitcoin (BTC)

With Bitcoin, fractional ownership of assets means little. An investor holds his Bitcoin and enjoys the gains in price – and that’s about it. Historically, the benefits of Bitcoin have been astronomical. Therefore, BTC is still an attractive coin to hold, and it is still the crypto leader. But as new tokens enter the market, introducing new approaches to investment gains and uses, Bitcoin may one day lose its cryptocurrency status.

Ethereum (ETH)

Ethereum is the second place in the crypto market and the closest competition of Bitcoin. As an asset, the Ethereum token is also volatile. On the bright side, Ethereum has a form of participation in fractional ownership of assets – it supports NFTs that are now being fractionated to be more accessible to the public. However, the NFT arena at Ethereum is still speculative. It has a long way to go before it can be considered a source of stable assets. In addition, fractionation of NFTs requires power consumption, which is known to be expensive on Ethereum.

Cardano (ADA)

Cardano has expanded the uses of its token ADA. A Cardano offer that is fast becoming popular is its NFT-supported loans. Developers in the community have worked hard on an NFT-DeFi bridge to introduce improvements to the platform’s lending services. Like Ethereum, Cardano has many protocols for the fractionation of NFTs. Unfortunately, however, Cardano’s token has also been affected by Bitcoin price fluctuations.

The bottom line

With rising costs and a difficult economy, fractional assets may play an important role in the future of cryptocurrency investment and ownership. By buying the Uniglo token now, investors would be one step closer to having a fractional holding of the Uniglo Asset Vault.

For more information:

Join in advance sale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter:

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