The announcement of a Paladin audit for Uniglo (GLO) is excellent news for the project and will likely result in a significant price increase. The audit will give the project more legitimacy since a reputable company is undertaking it. In addition, the audit will likely uncover any weak points in the Uniglo protocol and let the team deliver advanced and upgraded services.
A successful smart contract audit already gives Uniglo a well-deserved spot alongside Fantom (FTM) and LidoDAO (LDO) in the top 100 cryptocurrencies and is likely to cause significant price increases in the coming months as they continue to build on their strong foundations.
Why Is Paladin Audit Important?
Audits are essential tools for organizations to maintain strong financial practices. The comprehensive evaluation of an organization’s financial statement allows for the identification of any areas of improvement. Furthermore, audits provide organizations with a sense of accountability and ensure to follow best practices.
An audit is a systematic review of an organization’s financial statements and account books, typically conducted by an independent body. The purpose of an audit is to ensure that the organization is properly managing its finances and obeying financial laws and regulations.
The audit is also crucial because it will help identify which cryptocurrencies are the most promising and overvalued. In addition, the audit can help to prevent fraud and financial mismanagement. These updates from the audit will be valuable information for investors looking to invest in cryptocurrency.
Speaking of Uniglo, its Paladin audit will likely safeguard the public interest by ensuring that the organization is accountable for its economic activities. After all, Paladin is a leading smart contract auditing company, establishing transparency and a user-centric approach to the services.
Uniglo Is Rising Through The Ranks
Uniglo is a new player in the decentralized finance (DeFi) market and seeks to provide potential investors the chance to acquire a social currency supported by a diverse asset portfolio. Investors who maintain a Uniglo Community Vault will also enjoy asset ownership, a feature uncommon among other cryptocurrencies.
Another unique aspect of Uniglo’s protocol is its ultra-burn feature. This method burns 2% from each $GLO transaction and also destroys portions from already released $GLOs on the market.
The deflationary nature and constantly reducing supply is what gives Uniglo the power to hedge against volatility, and bonus points from the investors’ perspective.
After just one week of its presale, Uniglo had already made a 25% increase. The boost was mainly driven by the KYC verification of Uniglo core team members by Coinsult. Thus, it’s highly anticipated that smart contract audits will gather more users and analysts around Uniglo.
Will Uniglo Follow Fantom And LidoDAO?
Fantom is a next-generation, scalable, smart contract platform enabling fast, easy, and secure access to decentralized applications. At the same time, LidoDAO is a decentralized lending platform that allows users to borrow and lend cryptocurrencies.
The two companies have been climbing the charts since early November, and their ascent to the top 100 has been impressive. Both companies have been lauded for their innovative approach to decentralized finance, and their products have been met with great acclaim by the communities.
Though Uniglo is still in its early phase of ICO, nonstop development, upgrades, KYC verification, and audit by the world’s leading institution are bright indicators for ranking in the top 100 cryptocurrency investments.
Learn More About Uniglo:
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.
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