Uniglo.io (GLO) is a new social currency gaining a lot of interest across the market. The initial coin offering of this project now involves whales from Polygon (MATIC) and Binance (BNB), which serves as proof of its potential for wealth-making. Uniglo.io introduces an idiosyncratic feature called the Ultra-Burn Mechanism designed to limit the supply of its native token in the market. After its launch in the middle of November, the project is scheduled to burn a massive amount of GLO, which could push the token to a staggering all-time high price.
Uniglo.io (GLO)
Uniglo.io could be the most exciting and rewarding launch this year. As a community-driven cryptocurrency platform, Uniglo.io implements a Digital Asset Vault and a special Ultra-Burn Mechanism to give back profits and rewards to loyal investors. As such, the project is ideal for anyone, including people just starting in crypto.
Presale buyers are poised to gain significantly from its Ultra-Burn Mechanism, which easily increases the value of GLO tokens. The mechanism uses the profits of the platform to buy back GLO tokens from the market, making sure the overall token supply reduces over time. With this feature, Uniglo.io ensures a sense of community, exclusivity, and focused gain-sharing within the network.
The Uniglo.io project also has a multi-asset Digital Vault that houses cryptocurrencies, non-fungible tokens (NFTs), and digitized physical assets widely known to appreciate over time. This Vault is one of the strategies of Uniglo.io to stay afloat in case of another market crash, which has affected even the most popular tokens this year.
As a decentralized autonomous organization (DAO), GLO buyers also have the power to contribute to the selection and variety of assets of the Vault. The project stays true to its name as it banks on crowd wisdom on how to keep the project competitive despite being a relatively new addition to the crypto market.
Polygon (MATIC)
Polygon is a blockchain that provides a decentralized framework for mass adoption, making the transition to digital currencies easier. This modular, user-friendly platform is designed for compatibility with various blockchains and delivers up to 65,000 transactions per second. It enables the development of various applications such as decentralized exchanges, stablecoins, asset markets, tokenized credit currency protocols, and decentralized domain names.
Binance (BNB)
Binance is the world’s largest cryptocurrency exchange in terms of daily trading volume. In 2017, the company began as a simple exchange, but it has since expanded its services into a diverse range of industries. Binance’s mission is to elevate decentralized exchanges, peer-to-peer communication, and blockchain technology to the forefront of global financial activity.
The bottom line
Once Uniglo.io launches on the 19th of November, the community behind it will burn a large portion of the total GLO supply. Before the major burn event happens, get your share of the GLO token at its presale price. After the burn, the token could reach an enviable all-time high price. Don’t miss it.
Find Out More Here:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
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Source: https://www.thecoinrepublic.com/2022/11/08/uniglo-io-supply-decrease-could-push-the-price-to-a-new-ath-after-launch-polygon-and-bnb-whales-looking-to-snipe-more-glo/