Every single project undergoes the adoption curve. A brief overview of a successful DeFi token can be divided into three stages:
- The presale/ Initial Coin Offering (ICO). The protocol offers early investors the ability to buy before the token reaches the open market.
- The token launches on a decentralized exchange with a liquidity pool. At this stage, the token gains far more visibility.
- It becomes listed on a centralized exchange.
The final stage blows the other steps out of the water, the token reaches a broader market audience, and its accessibility rises dramatically.
A rumor is circulating that a venture fund will finance Uniglo.io’s listing on Huobi- the dominant centralized exchange for Asian markets- sending GLO the native token into a completely different price bracket.
This rumor gained peculiar traction due to the recent action surrounding the Huobi exchange, with Chinese cryptocurrency entrepreneur Justin Sun recently appointed to the advisory board. He openly stated that he looks to make changes and bring new projects onto the exchange.
The venture fund in question pushes for Uniglo’s listing to bring high-caliber projects into Asian markets.
What is Uniglo.io?
Uniglo represents the first community-owned and asset-backed token within DeFi. Developers have built the protocol around two core ideas: wealth preservation and growth speculation. They have leveraged asset ownership and deflation to achieve this goal.
Uniglo acquires assets and stores them in its protocol vault. The vault’s contents make GLO value-backed and include a unique collection of assets. Ranging from large-cap cryptos like BTC & ETH for long-term price appreciation, smaller, more volatile cryptos for growth speculation, stablecoins to hedge against volatility, and tokenized real-world assets such as fine art and real estate. In exposing investors to multiple asset classes, Uniglo has provided smooth long-term returns and solid market diversification.
Developers took another critical step to ensure GLO’s constant appreciation- deflationary tokenomics. Every transaction of GLO sees 2% automatically sent to the Uni Abyss- a burn wallet with an unknown private key- and this constant reduction in supply delivers continuous upwards price pressure.
Closing Thoughts
Everything seems to be lining up quietly in the background, and these rumors seem to be more than just rumors. Investors who can front-run this opportunity stand to make a killing.
Find Out More Here:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
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Source: https://www.thecoinrepublic.com/2022/10/29/uniglo-io-rumors-intensifying-that-venture-fund-will-finance-huobi-listing-to-accelerate-asian-market-push/