Audited Crypto Gem Shortlist: Uniglo (GLO), PancakeSwap (CAKE), BakerySwap (BAKE), And Polygon (MATIC)

Crypto gems are digital assets with low market caps that have the potential to become very valuable in the future. Unlike traditional investments, investing in crypto gems is still very new and risky. However, many people believe that the potential rewards are worth the risks. 

There are a few things to consider when deciding if a crypto gem is worth investing in. First, look at the team behind the gem, and make sure they have experience in the crypto world and understand the technology. 

Second, check if the project holds an audit from a legit security firm. This will help you determine whether the project is a scam or not. 

Third, look at the gem’s development roadmap. This will give you an idea of what the gem is trying to achieve and how well they are progressing. 

Finally, look at the gem’s market potential. Make sure there is a large enough market for the gem to succeed. 

If you’re searching for new gems to invest in, we have shortlisted a few assets for you, considering the abovementioned features. Uniglo (GLO), PancakeSwap (CAKE), BakerySwap (BAKE), and Polygon (MATIC) are believed to skyrocket in the upcoming months. What do these projects have to offer that others lack?

Uniglo (GLO)

Uniglo is a decentralized crypto project offering a secure platform with a Paladin audit. Paladin has audited Uniglo’s code, helped improve its security, and positively evaluated the project’s roadmap. At first glance, Uniglo seems an excellent project for investors who want a safe and user-friendly platform.

The unique features that let Uniglo distinguish itself from others are an asset-backed vault and ultra-burn mechanic. The Uniglo protocol will start taking community suggestions for investment projects and cryptocurrencies as it develops and stabilizes. These assets will be stored in multi-sig-protected vaults, and the community will have the power to vote whether to sell them or acquire more. The profits from these vaults are then reinvested to repurchase GLO tokens from the market and permanently remove them from circulation. This method is referred to as ultra-burn, which further includes an automotive burning mechanic of 2% from each $GLO sale. 

Uniglo (GLO) has a strong community active on various social media platforms such as Twitter, Telegram, and Discord. Its strong team with a proven track record and KYC verification from Coinsult reflect its potential on the market.

PancakeSwap (CAKE)

PancakeSwap is a decentralized exchange (DEX) where users may trade money directly without the necessity of a middleman. This DEX, introduced in 2020, has a ton of liquidity and a variety of features and is becoming increasingly well-liked in the blockchain community. CAKE is the native token of the exchange and is used for various internal transactions, meaning the further DEX’s use case grows, the bigger CAKE’s value gets.

The platform is open-source and anonymous, enabling complete transparency that Certik, a blockchain security startup, has also examined.

BakerySwap (BAKE)

One of the first projects that used BSC to create an AMM DEX was BakerySwap. Additionally, it provides one of the few cryptocurrency liquidity pools among DeFi projects on the Binance Smart Chain.

No problems with BakerySwap have been reported as of yet. The BakerySwap smart contract has undergone an audit, and the report is available on their website.

Polygon (MATIC)

The first well-organized, user-friendly platform for scaling Ethereum and creating infrastructure is Polygon. Polygon advertises block confirmation rates of up to 65,000 transactions per second on a single side chain. Therefore, the $MATIC token will continue to exist and take on a more significant and prominent role in the system’s governance and security.

The platform completed an audit of Polygon by independent security standard audit company CertiK in September 2020 and is seen as a significant member of the crypto industry.

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Source : cryptodaily

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