If you are new to the cryptocurrency scene, you might have already come across the name Ethereum – a decentralized blockchain with smart contract functionality. Being the world’s second-biggest cryptocurrency by market capitalization, Ethereum is one of the most established and reliable platforms in Web3.
As such, experts recommend that beginners start a crypto investment within the ecosystem of Ethereum. Moreover, it is the most obvious alternative to Bitcoin.
Today, the Ethereum ecosystem is expanding, and beginners are well-placed to explore what it offers. If you’re just starting with Ethereum, we recommend first researching about and investing in Uniglo (GLO), Shiba Inu (SHIB), and Uniswap (UNI).
Uniglo (GLO)
The Uniglo project is built on the Ethereum network (ETH). This project offers the market a next-generation social reflection currency called GLO, which aims to achieve growth from the appreciation of an asset-backed treasury. The protocol implements a 10% buy/sell tax from which it takes half to support the treasury’s growth.
The Uniglo treasury is used to acquire digital and tangible assets and support developments regardless of the current market conditions. As the treasury expands, Uniglo can acquire more assets for its vault, strengthening its buying power. Using the profits from the sale of these assets, Uniglo can buy back GLO tokens in the secondary market before subjecting them to Ultra Burn events.
Shiba Inu (SHIB)
Shiba Inu is an Ethereum-based altcoin that is considered an alternative to Dogecoin. What makes this an ideal investment for Ethereum beginners is its ability to provide opportunities for investments in modest amounts.
Launched in August 2020, Shiba Inu had a slow start. However, its growth has been steady. Over the last two years, it cultivated a very loyal community that refers to itself as the SHIBArmy. Celebrities and key personalities have also openly advocated for Shiba Inu.
Uniswap (UNI)
Uniswap is an automated liquidity protocol built on the Ethereum blockchain. It essentially implements non-upgradeable smart contracts. Uniswap is said to be the most liquid decentralized exchange, especially with the implementation of its most recent V3 upgrade. As such, it is considered a terrific addition to the investment portfolio of someone just starting in the decentralized finance industry.
Final thought
As the Ethereum ecosystem expands, crypto beginners will have multiple opportunities to use the platform. Moreover, as the projects on the platform become increasingly ubiquitous, beginners who invest in Ethereum will see their wealth grow over the years. And they can become part of the Ethereum ecosystem today by investing in tokens like Uniglo (GLO), Shiba Inu (SHIB), and Uniswap (UNI).
For More information:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Credit: Source link
