11 Sep 2022 · 3 min read

Uniglo (GLO) Peaks Interest Of Saudis With Security Audit, Potentially Joining Eos (EOS) And Zcash (ZEC) In Top 100

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An increasing number of investors and consumers are embracing cryptocurrency technology in Saudi Arabia, which has experienced a boom in cryptocurrency interest. The favorable atmosphere in Saudi Arabia has made it a significant market for cryptocurrencies, and its rising popularity has made it a worldwide hub for the crypto community.

Saudis are known for being big investors, and when they see a project with big potential, they are more likely to invest in it. Uniglo.io, a DeFi project that obtained an audit from Paladin, has gained a massive interest among Saudi investors, as the project is seen as a secure and reliable solution for the volatile market. The popularity boost even allows Uniglo to join Eos (EOS) and Zcash (ZEC) in the top 100.

Uniglo’s (GLO) Potential

Uniglo is a new DeFi platform that aims to develop the world's biggest portfolio of digital assets by simplifying diversified investment. By purchasing and holding GLO, investors may have access to a vast treasury of digital assets, such as cryptocurrencies, NFTs, and real-world assets, such as tokenized gold, rare items, equities, and even real estate.

GLO can also be seen as a reflective token. However, instead of returning tokens to holders when new members join, 2% of all GLO sales are automatically burnt by smart contracts that give investors profits in the longer term. 

Moreover, Uniglo burns GLO tokens repurchased by the protocol from the secondary market. These built-in tools do not require investors to burn tokens themselves, as the process is automatically done. 

The robust and regular burning process allows GLO investors to rest easy even during a bear market, as the supply-reduction strategy will sustain or even increase the price of $GLO. 

In addition to these eye-catching characteristics, Uniglo offers multi-layered security to attract Saudi investors. The blockchain security company Paladin has just released a report on Uniglo's successful audit. The study did not identify any critical vulnerabilities. There were only a few low-risk issues discovered, which were quickly resolved by the team. The analysis reveals that Uniglo's smart contracts and vesting contracts are built with a high degree of skill and experience. 

The audit was not the project's first security assessment. During the first few weeks of the presale, the team also underwent KYC verification by the Coinsult company. The KYC report also reveals that the staff is trustworthy and unaffiliated with fraudulent operations. 

Additionally, before contract modifications are performed, Uniglo employs a multi-signature authentication approach that needs consent from at least two core team members. 

Overall, it seems like Uniglo is developing a secure atmosphere for the community, which is a must for DAO protocol governed by users.

Understanding Eos (EOS) And Zcash (ZEC)

EOS is a blockchain-based, decentralized platform used to design, host, and execute decentralized apps (dApps) for business. EOS provides core functionality that enables companies and individuals to create blockchain-based applications in a manner similar to web applications, including secure access and authentication, permissions, data hosting, usage management, and Internet-based communication between decentralized applications (dApps). 

Zcash, meanwhile, is one of the most popular privacy coins or cryptocurrencies that enable private transactions. With Zcash, the amount of secrecy is within your discretion. You may choose whether you want your transaction information to be protected (private) or visible (public). 

Uniglo must deliver a high degree of security if it wishes to join EOS and Zcash in the top 100 cryptocurrencies. Both EOS and Zcash are privacy-centric cryptocurrencies. Uniglo has adhered to its strategic security plan so far, and if its future goals are reached, it will be able to compete with the industry's top companies.

For 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