It’s no riddle that the crypto industry is a volatile one. In fact, it’s this volatility that has made many investors hesitant to get involved with digital assets. However, there are ways to mitigate the risks associated with investing in crypto. One way is to diversify your portfolio by including different types of assets, such as Uniglo (GLO), Frax Share (FXS), and Stellar (XLM).
Uniglo (GLO)
Uniglo (GLO) is a new cryptocurrency with a distinctive use case and extensive investment opportunities. Built on the Ethereum network, Uniglo introduces a fully asset-backed social currency with the ultra-burn mechanism's double-burning functionality.
Uniglo is a decentralized autonomous organization (DAO) system backed by rare non-fungible tokens, tangible assets, and digital currencies, which will sustain the underlying value of the native asset, GLO. The platforms own treasury will be supported by a 5% levy on each buy-and-sell transaction. In accordance with a community governance suggestion, the team will acquire assets to support the token's floor price as its strength increases.
The Ultra-burn method aims to reduce the supply of $GLO and make the token more scarce.
The system will ensure that 2% of each buy/sell transaction is permanently removed from circulation. Additionally, asset-backed vault profits will be used to repurchase and destroy GLO tokens.
Trusting an ICO is significantly more dependent on its safety measures than its concept. Knowing this, Uniglo prioritizes security. Within the first weeks of its presale, the Uniglo team successfully passed a KYC audit conducted by Coinsult, leading security, and auditing firm.
The news has benefited demand, increasing investor confidence and the presale price by 25 percent.
Frax Share (FXS): A Stablecoin with a Bright Future
The Frax Protocol is the first stablecoin system using a fractional algorithm (FXS). Frax is open-source, fully on-chain, and permissionless, deployed on Ethereum chain. The ultimate goal of the Frax protocol is to replace fixed-supply digital assets, such as Bitcoin, with a highly scalable, decentralized, algorithmic currency.
Frax Protocol is a community-driven stablecoin with a specific design, similar to Uniglo. Over the course of several years, liquidity providers and yield growers have received over sixty percent of FXS supply.
Furthermore, Frax Protocol is an entirely decentralized system with governance on-chain and was the first and only stablecoin to launch in November 2020 with a hybrid fractional-algorithm architecture.
FXS is regarded as one of the most innovative stablecoin solutions and deserves a significant position in your portfolio.
Stellar (XLM): A Cryptocurrency with Mass Adoption Potential
Stellar is a seasoned player in the cryptocurrency market, debuting in 2014 shortly after Bitcoin.
Stellar is a global payment network that aims to increase the attractiveness of the current financial system by making money transfers exceedingly simple for people who do not have easy access to financial services.
XLM is the stellar ecosystem's fiat currency converter, enabling stellar users to send and receive money in any fiat currency from any location.
In addition, stellar network transactions cost only $0.000001, making it an extremely cost-effective and accessible network.
Overall, XLM is a beautiful way to maintain optimism through difficult market situations.
Conclusion
Putting all of one’s eggs in one basket is never a good idea, especially since numerous successful crypto ventures are constantly evolving. Diversifying your portfolio with Uniglo (GLO), Frax Share (FRX), and Stellar (XLM) could be the key to generating substantial profits.
For More About Uniglo:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io