Promising Projects On Ethereum (ETH) Network In 2022: Uniglo (GLO), Shiba Inu (SHIB), And Chainlink (LINK) – Cryptonews
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The Ethereum (ETH) network is widely regarded as the most well-known and actively used smart contract platform in the cryptocurrency market. The network boasts of having a large number of decentralized applications and projects created on it, which are utilized by millions of people all over the globe. In this article, we will highlight three such potential projects that will be running on the Ethereum network in 2022 and are worth keeping an eye on. These initiatives are referred to as Uniglo (GLO), Shiba Inu (SHIB), and Chainlink (LINK).
Ethereum is sometimes regarded as the second most popular cryptocurrency behind Bitcoin in the world of cryptocurrencies. However, Ethereum is far more than Bitcoin, which is typically considered digital money or a store of wealth. Decentralized platforms like the Ethereum network enable the creation and implementation of so-called “decentralized applications,” or dApps, simply programs operating on the Ethereum network without centralized management. Because of this, they are immune to censorship, fraud, or outside meddling. Furthermore, dApps may provide users with greater privacy and security than conventional applications since they are constructed on top of blockchain technology.
A new Ethereum-based startup Uniglo seeks to establish a name for itself in the DeFi market. It provides a chance for investors to indirectly own various assets that will be kept in the Uniglo Asset Vault.
The smart combination of digital and NFT-related assets in this vault, chosen by the community to help endure volatility and bear markets, is what makes it so important.
Moreover, Uniglo adopts double-burn tools to increase the value of its native token $GLO continuously. There is a 10% sales tax imposed on every transaction or purchase of GLO.
The immediate burning of 2 percent of this sales tax will drive up the price of GLO tokens, while 5% from the tax will fund the vault to purchase more assets and gain higher revenues from them, which will be used to buy back and burn more $GLOs.
Dog-themed meme currency, the Shiba Inu coin (SHIB), has become one of the most popular internet coins over the past year. The project team’s ongoing efforts to include utility into the token, ensure a deflationary supply, and provide passive income possibilities are a significant factor in SHIB’s popularity. A DAO, ShibaSwap, a decentralized exchange, a metaverse community, and many more components make up the current Shiba Inu ecosystem. Like DOGE, SHIB has developed an almost cult-like fanbase and is anticipated to be around for a while.
By enabling smart contracts to access off-chain and real-world data while retaining the dependability and security required from blockchain technology, Chainlink (LINK) enhances the capabilities of smart contracts.
Chainlink (LINK) is one of the cryptocurrencies that managed to avoid the bear market of 2018 and saw a price gain, most likely due to its value in the developing DeFi market. The platform is well-known for its integration with Google Cloud and usage by protocols like Maker and Compound.
These promising projects on the Ethereum network obviously differ based on individual interests and demands. Thus, there is no one-size-fits-all solution to this topic. Shiba Inu (SHIB), Chainlink (LINK), and Uniglo (GLO) are some of the initiatives that are most eagerly awaited in 2022. We are keen to see what these three projects have in store for us in the current year since they have the potential to change how we engage with blockchain technology ultimately.
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August 6, 2022 at 01:10PM