How does Uniglo (GLO) built on Ethereum (ETH) compare to Binance (BNB)
There’s one new project based on the Ethereum blockchain that has tons of people talking right now, and that’s GLO. Uniglo is currently entering pre-sale, and is still available at a reduced price. These prices might not be available for much longer, so this represents a unique opportunity to get involved in an extremely viable crypto project from the ground up. An opportunity you might have already missed on some of the other coins that have gone on to rocket. Now you’ve actually got the chance to get involved with a token in its infancy… Before it goes on to make the huge gains many experts are predicting. And there are loads of reasons analysts love GLO right now. Let’s have a look at some of them…
Uniglo’s Vault solves key issues in the crypto world
Built from a sales tax on transactions, Uniglo builds a vault that holds a range of different assets to create a fully 1:1 backed store of value. Fiat currencies lost their gold standard many years ago, but GLO helps put that same stability back into finance, and is unique for the digital currency world. This, alongside a unique dual-burn mechanism, continues to make GLO more scarce over time, and is completely deflationary. At a time when inflation is currently making your money worth less and less over time, this is sorely needed.
How does Uniglo’s Vault compare to BNB Vault?
There’s another crypto project that has recently announced its own Vault: BNB, the native token to the hugely popular Binance Network. With Binance’s BNB Vault, users get simple staking and passive earning options at the click of a button. It’s one of the simplest ways to start earning we’ve seen, in a DeFi space that is often confusing for newcomers. Not with BNB Vault, now anyone can enjoy passive income benefits by simply clicking and earning. It could be key in driving the benefits of passive income into the mainstream.
GLO’s vault works slightly differently to BNB Vault. It isn’t a one-click passive income interface, but it does offer key long-term earning and growth possibilities for GLO holders. They now have the opportunity to own fractions of high-value assets that might previously have been out of reach. Like fine art and whisky, these have previously only been assets that the richest 1% could hold, now GLO’s vault opens them up to the masses.
GLO’s fully asset-backed vault is key in creating a true store of value and a solid coin price that isn’t open to over-speculation. That’s why GLO could be the future of digital finance.