Cardano
Live Your Best Life From The Profits Made By Uniglo (GLO), Cardano (ADA), And Chainlink (LINK) – CryptoMode
We all know the saying, “You only live once!” So why not make the most of it and live your best life possible? Uniglo (GLO), Cardano (ADA), and Chainlink (LINK) can be your next tickets to reach your desired financial freedom.
Uniglo (GLO)
Uniglo is a new kid on the block, but it is already making a big name for itself. It is a new Ethereum-based asset-backed social currency with the use of two different sorts of burning tools to create scarcity and deliver a hyper-deflationary token. To understand the model of Uniglo, let’s first discuss the nature of deflationary tokens.
A hyper-deflationary token is a cryptocurrency with a built-in mechanism to reduce its supply over time. This often happens through a process called “burning,” where a small portion of each transaction is destroyed, thus permanently removing it from circulation.
The essential advantage of a hyper-deflationary token is that it becomes more scarce over time, increase liquidity and circulation, and hedge against inflation, which theoretically should lead to an upsurge in its price. In addition, burning tokens can help reduce transaction costs, as fewer tokens are available to “chase” each transaction.
Speaking of Uniglo, it utilizes an ultra-burn mechanism and vault backed by real-world assets to strengthen its native token $GLO. Since Uniglo offers the potential for high returns, it can be an attractive investment for those looking to take a long-term view.
Uniglo (GLO) is still in its early gem stage. Investors can join the presale phase and benefit from the various early bird privileges.
Cardano (ADA)
Cardano is one of the largest blockchains to successfully implement a consensus process based on proof-of-stake, which is less energy expensive than Bitcoin’s proof-of-work method.
Cardano has always been a promising cryptocurrency investment option, but the imminent debut of the Vasil split intensifies the competition. The Vasil hard Fork upgrade was released on the Cardano testnet on July 3, and a rollout on the mainnet is anticipated for this month.
Vasil is a crucial update for Cardano since it will make the Cardano chain faster and cheaper, reduce Cardano gas, and improve scalability.
Overall, Cardano’s enhanced systems have a great potential to affect the future of DeFi. Therefore an ADA price increase is anticipated.
Chainlink (LINK)
Chainlink is a unique protocol and one of the largest crypto initiatives. It integrates non-blockchain systems to popular blockchains successfully. In simple terms, Chainlink is the middleware that connects blockchain-based smart contracts to external data. This information may include football results and stock prices. To enable the efficient operation of the link protocol, users must collateralize their assets. The network compensates operators for this service. LINK is the protocol’s native token. It is used as a medium of exchange, to pay transaction fees, and to compensate network operators.
Chainlink is also known as a Blockchain abstraction layer or oracle network. Even though it is not a blockchain protocol, it uses blockchain technology to support on- and off-blockchain interactions. Chainlink enables developers and crypto fans to function on any of the prominent blockchains in the cryptocurrency field.
Bottom Line
With the right approach, becoming a crypto millionaire is definitely within reach. If you’re ready to start your journey to financial freedom, start it by diversifying your portfolio with Uniglo (GLO), Cardano (ADA), and Chainlink (LINK), and enjoy with the endless cash flow.
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
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
CryptoMode produces high quality content for cryptocurrency companies. We have provided brand exposure for dozens of companies to date, and you can be one of them. All of our clients appreciate our value/pricing ratio.
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None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. No reviews should be taken at face value, always conduct your research before making financial commitments.
Popular Cardano-based decentralized exchange WingRiders has lost its position as the most valuable DEX on Cardano.
WingRiders slumped from the first position to third after losing more than 59% of the total value locked (TVL) on the platform in the past 30 days.
At the time of writing this line, WingRiders is now the third-largest DEX by total value locked, with a TVL of $19.66 million. It is noteworthy that WingRiders maintained the top spot for more than two months, claiming 42% of TVL On Cardano. However, the DEX has fallen from glory ever since.
Minswap Is Now Cardano’s Most Valuable DEX
The development also affected the total value locked on Cardano. The total value locked on Cardano has fallen below $100 million in the last 30 days after the WingRiders TVL slumped.
Interestingly, Minswap has taken the lead to become the most valuable decentralized exchange on Cardano after the massive decline of WingRiders’ TVL.
At press time, Minswap is leading, with a $49.09 million total value locked on the platform. The DEX hit the milestone after recording a massive growth of 30.9% in its TVL in the past 30 days. Minswap accounts for 51.82% of the total value locked on Cardano.
SundaeSwap, the first decentralized exchange on Cardano, is now the second most valuable DEX in the ecosystem. SundaeSwap is second in the ranking, with $19.72 million in TVL.
Like WingRiders, SundaeSwap has also lost a significant amount of its TVL over the past 30 days. In the past month, SundaeSwap has lost nearly 10% of the funds locked on the platform.
Commenting on the development, Cardano Daily, a platform that shares new developments about Cardano, said:
“After the major decline of @wingriderscom, the TVL scenario of the Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem.”
CARDANO TVL STATUS
After the major decline of @wingriderscom, the TVL scenario of the @Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem#tvl #cardano $ADA pic.twitter.com/xjZ6cHo8jX
— Cardano Daily (@cardano_daily) August 9, 2022
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Tulip Protocol Officially Integrates Chainlink on Solana Mainnet
