The Best Deflationairy Protocols List Is Topped By Uniglo (GLO), Binance Coin (BNB) And Filecoin (FIL)

Inflation is a huge issue in the economy right now. You’ve probably noticed how things in stores are becoming more and more expensive. Everyday purchases like groceries have skyrocketed in price. That’s because your fiat currencies (dollars etc) are becoming less and less valuable over time. This is terrible news for savers, and also terrible news for people struggling to pay their bills.

Hyperinflation can often be a result of quantitative easing. When more money is needed by central banks, it can simply be printed. This devalues the value of the currency that’s already in circulation.

It wasn’t possible in the past, when fiat currencies were backed by a gold standard. For every dollar in circulation, the same amount of gold was kept in reserve to back the price. This gold standard helped prevent inflation and helped ensure a solid asset-backed value for all currency. But a few decades ago, the gold standard was eradicated (sold off) and currencies became de-pegged. This raised a lot of money for central banks, but also meant that currencies were no longer asset-backed. Meaning it could be printed easily whenever necessary, and leading to massive inflation.

This inflationary issue has been solved by one crypto recently with a ton of potential. That’s GLO.

How GLO is the best deflationary token

Unlike fiat these days, GLO actually has a fully 1:1 backed base price. A true store of value, and a gold standard that actually includes digital versions of real-world gold. It also includes a range of other assets, including art, crypto, stablecoins, NFTs and more. The vault of assets isn’t over-reliant on any one asset, but it also has a strong price base that people can have faith in.

GLO also uses advanced burn mechanisms to continue to decrease supply over time. GLO becomes more scarce, unlike fiat currencies which become less and less scarce. This makes GLO the perfect deflationary solution, and one the wider currency world really needs right now. It’s the best deflationary protocol the industry has seen, and it sets up GLO for a ton of future success.

What about Binance Coin (BNB) and Filecoin (FIL)?

Both these cryptos still have a ton of potential in the space, but they don’t solve the world’s inflation problems like GLO does. BNB is becoming an integral part of the crypto trading arena and offers users lots of passive income options on an easy-to-use interface. It’s got a lot of upside, especially compared to mainstream investment options.

Filecoin has created an incredibly secure decentralized storage system for the digital world. It’s fast becoming the best place to keep your assets, and also has an innovative marketplace for trading.

Both BNB and FIL are highly recommended for your portfolio, but they aren’t as deflationary as GLO.

To find out more about Uniglo visit official websiteTwitterDiscord or Telegram. To find out more about the presale, click here.

Related Posts

Time to Buy Dogecoin? DOGE Price up 8% as Alternatives like Tamadoge also Rocket

Dogecoin closed out the week strong with an 8% pump on Sunday August 14th, up around 14% in total on its weekly candle. Heading into the latter…

Bitcoin Miners Continue Distribution, Bad Sign For The Rally?

On-chain shows Bitcoin miners have been in a phase of distribution recently, a sign that could prove to be bearish for the price of the crypto. Bitcoin…

Weekly NFT Sales Show Improvement, Fantom and Immutable X NFT Volume Spikes

Non-fungible token (NFT) sales managed to climb higher during the last seven days than the previous week’s overall sales. This week’s NFT sales managed to jump over…

How Metaverse Real Estate is sinking!

The previous year, a huge flood of cash from tech fans and corporate marketers provoked real estate rates in the metaverse. Alt-coin holders and CryptoPunk NFT collectors…

Why Anonymous Twitter user is transmitting crypto to idols

Let’s see what senior crypto reporter Anita Ramaswamy thinks: Tornado Cash has been the conversation of the city this week in crypto cycles. The U.S. administration’s Office of…

NFT Naruto Museum signs agreement with Michael Jackson Estate

More than a decade after his death, Michael Jackson’s fame lives on with posthumous albums, Broadway shows, and continued cultural relevance. After dominating the fabric world, it…

Generated by Feedzy