On the cryptocurrency market, the Ethereum (ETH) community is widely regarded as the most well-known and frequently utilized smart contract platform. Numerous decentralized applications and initiatives have been developed on the network, which are employed by tens of millions of people worldwide. In this post, we will highlight three possible Ethereum community projects that will likely be active in 2022 and are worth keeping track of. These projects are known as Uniglo (GLO), Shiba Inu (SHIB), and Chainlink (CHAINLINK) (LINK).
What Is Ethereum Community (ETH)?
Ethereum is commonly regarded as the second most popular cryptocurrency on the planet, after Bitcoin. Ethereum surpasses Bitcoin, which is typically considered digital currency or a store of wealth. Decentralized platforms such as the Ethereum network enable the creation and implementation of so-called “decentralized applications,” or dApps, which are simply applications that operate on the Ethereum network without central management. As a result, they are resistant to censorship, fraud, and outside interference. Moreover, dApps may provide users with greater privacy and security than conventional applications because they are built on blockchain technology.
Uniglo (GLO)
Uniglo, a new Ethereum-based firm, intends to establish a name for itself in the DeFi sector. It gives investors the possibility to not directly own the various assets that will be stored in the Uniglo Asset Vault.
The vault’s significance stems from the community-selected combination of digital and non-fungible token-related assets intended to withstand volatility and bear markets.
In addition, Uniglo utilizes double-burn mechanisms to constantly increase the value of its native token $GLO. There is a 10% gross sales tax on all GLO transactions and purchases.
The speedy burning of two percent of this gross sales tax will increase the value of GLO tokens, whereas five percent of the tax will fund the vault to buy further property and generate greater earnings from them, which will then be used to buy back and burn extra $GLOs.
Shiba Inu (SHIB)
The Shiba Inu coin (SHIB), a meme foreign money with a canine theme, has become one of the most well-liked web currencies over the past 12 months. The project team’s continual attempts to infuse utility into the token, guarantee a deflationary supply, and create passive income opportunities are a big factor in SHIB’s popularity. Existing Shiba Inu ecosystem components include a DAO, ShibaSwap, a decentralized exchange, a metaverse community, and many others. Similar to DOGE, SHIB has amassed an almost cult-like following and is projected to be around for a while.
Chainlink (LINK)
Chainlink (LINK) improves the functionality of smart contracts by enabling them to access off-chain and real-world data without sacrificing the dependability and security of blockchain technology.
Chainlink (LINK) is one of the cryptocurrencies that managed to avoid the bear market of 2018 and saw a price increase, most likely because of its value inside the rising DeFi market. The platform’s connectivity with Google Cloud and use by protocols such as Maker and Compound are well-known.
Conclusion
These intriguing projects on the Ethereum network clearly vary based on individual pursuits and requirements. Consequently, there is no universal answer to this issue. Shiba Inu (SHIB), Chainlink (LINK), and Uniglo (GLO) are a few of the most anticipated ventures for 2022. We’re excited to see what these three initiatives have in store for us this year, as they have the potential to alter our long-term engagement with blockchain technology.
For Extra About Uniglo:
Be part of Presale: https://presale.uniglo.io/register
Web site: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
