Many analysts are watching the new project Uniglo.io (GLO) closely. This decentralized project is based on the Ethereum network and introduces an innovative dual-burn system that keeps its token in a hyper-deflationary state. Uniglo.io is close to concluding its presale period and making its public launch. The team behind this project is already planning for a massive token burn, which is scheduled to take place right after the launch. The price of GLO could skyrocket in ways that remind us of Shiba Inu (SHIB).
Uniglo.io (GLO)
Uniglo.io is a multi-asset-backed and community-owned digital treasury that recently joined the crypto market. It is not even available yet on liquidity pools or cryptocurrency exchanges, but its GLO token is already catching fire.
The protocol offers unique and compelling features that even novice crypto investors find interesting. First, it has a Community Asset Vault designed to hold digitized collectibles, tokenized physical items, popular non-fungible tokens (NFTs), stablecoins, and cryptocurrencies. As such, the project has a lot of potential for investing in high-growth and high-value digital assets, giving GLO investors a chance to own a fraction of these properties. As a Decentralized Autonomous Organization (DAO), Uniglo also enables all GLO holders to have a voice in the buying and selling of Vault assets, staying true to its promise to “Grow and Glo” together.
The profits gained from the sale of these assets are used to fund the Ultra-Burn Mechanism, which is intended to cut down the supply of GLO tokens in the market. The Uniglo community already intends to implement this mechanism right after the project’s launch to reduce GLO’s volume. Investors who buy GLO during the presale period are expected to realize gains after the burn event.
Shiba Inu (SHIB)
The growth potential of Uniglo.io reminds us of Shiba Inu (SHIB), which is an Ethereum-based, non-mining digital currency. Because of its wide distribution and unique proposition, SHIB quickly gained popularity among the Shiba-loving community. Users travel through Dogeia, explore the land, and claim territory, all while earning passive income.
The bottom line
By holding a massive token burn right after launch, the price of GLO could skyrocket quickly and easily just like SHIB. However, a key difference is that GLO investors can achieve gains and rewards in a non-volatile atmosphere. Uniglo.io has been designed to promote long-term holding. As such, presale buyers can expect gains both in the short run and in the long run.
For More Information:
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
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Source: https://www.thecoinrepublic.com/2022/11/05/uniglo-io-set-to-annhiliate-massive-portion-of-tokens-straight-after-launch-the-next-potential-shiba-inu/