Uniglo.io Ultra Burn Mechanism Starts Now As Fantom And Avalanche Developers Get Ideas From The Tokenomics

The landscape of decentralized finance (DeFi) is constantly evolving. In the coming days, the new social currency, Uniglo.io (GLO), is set to quickly become a top-runner in the DeFi space as its initial coin offering (ICO) culminates into its public launch. 

Immediately after the launch, Uniglo.io is also set to implement a novel burn mechanism that cuts down the supply of its GLO token. This mechanism makes GLO hyper-deflationary, giving Fantom (FTM) and Avalanche (AVAX) developers a reason to pay close attention to its tokenomics.

Uniglo.io (GLO)

Uniglo.io is a decentralized project currently in its presale stage, making it one of the most sought-after cryptos this year. In his review, Daryl Boo explained that there is incredible potential for a higher appraisal for tokens bought during the presale. The Uniglo.io presale only runs until the 15th of November. The GLO token becomes available on Uniswap thereafter.  

Uniglo.io is built on the Ethereum chain and eyes long-term growth with its multi-asset portfolio. It owns an assortment of assets stored in the Uniglo Vault, which includes popular tokens, rare non-fungible tokens (NFTs), and digitized physical assets like gold.

As a decentralized autonomous organization (DAO), the Uniglo community is part of the voting and governance of GLO tokens. Crucial to its plans is to involve all members, including presale investors, as decision-makers of the digital assets to acquire, store, nurture, and eventually profit from.

After the launch in mid-November, Uniglo.io is scheduled to have a massive burn, applying its Ultra-Burn Mechanism to remove a large portion of its GLO supply. Presale buyers will immediately feel the benefit of this event. As such, the upward trajectory of Uniglo.io is now catching the eye of Fantom and Avalanche developers, as well as experienced investors looking for a solid portfolio addition.

Fantom (FTM)

Launched in 2018, Fantom is a smart contract platform for DApps, designed to overcome the limitations of previous-generation blockchains. Created as an alternative to Ethereum, Fantom emphasizes three key strengths: scalability, security, and decentralization. With Fantom’s high performance and efficient transaction processing, users can have thousands of transactions per second at a fraction of a cent.

Avalanche (AVAX)

Avalanche is a layer-one blockchain platform for decentralized applications and custom blockchain networks. It intends to rival Ethereum’s popularity by offering faster transaction rates of up to 6,500 transactions per second while maintaining scalability. By building bridges, the platform is constantly working to improve interoperability between its own ecosystem and Ethereum.

The bottom line

As there is growing interest among experienced developers to emulate the Uniglo.io tokenomics, GLO has become a widely popular presale purchase. Many senior analysts also predict a parabolic rally for the token, thanks to the Ultra-Burn Mechanism. Investors can still join the presale to buy GLO tokens before it’s too late.

Find Out More Here:

Join Presale: https://presale.uniglo.io/register

Website: https://uniglo.io


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Source: https://www.thecoinrepublic.com/2022/11/09/uniglo-io-ultra-burn-mechanism-starts-now-as-fantom-and-avalanche-developers-get-ideas-from-the-tokenomics/