Cryptocurrency investors anticipate an explosive launch for Uniglo.io (GLO), a new social currency that is at the tail end of its initial coin offering (ICO). A key feature of this project is token-burning, with its founders recently announcing that they are conducting the first-ever ultra-burn event right after the project launch on the 19th of November. This burn is expected to involve a high percentage, which means a large portion of the overall supply of GLO tokens will disappear forever.
With that, FOMO [fear of missing out] is quickly setting in for many investors. As Uniglo.io becomes increasingly popular, it continues to climb the crypto ranks to be alongside projects like Uniswap (UNI) and 1INCH.
Uniglo.io is leaving quite an impression in the decentralized finance (DeFi) space with the introduction of its Ultra-Burn Mechanism. This hyper-deflationary approach to tokenization has caught the eye of many major market players, including blockchain aficionado Daryl Boo who discusses the mechanism in his video. Essentially, ultra-burning within Uniglo.io pertains to buying back GLO tokens from the market and removing them from circulation. The community plans to conduct these burn events several times until the supply of GLO becomes very limited. The first Ultra-Burn event is slated to take place after Uniglo.io’s public launch.
Another attractive feature of this project is its Asset Vault, which is a storage facility for digital assets that back the value of GLO. The founders of the project recognize that not everybody can buy and own crypto and digital assets with complete confidence. As such, they created Uniglo.io to be a decentralized autonomous organization (DAO) that can collectively and directly manage the assets that make up the Vault.
Uniglo.io is rising to the rank of Uniswap (UNI), which is a decentralized exchange on the Ethereum blockchain. The protocol rewards its users, limiting risk and lowering costs for them by automating the market formation process. It is also possible for anyone to create a liquidity pool for any pair of tokens because Uniswap does not require identification. Its governance token, UNI, was created to officially establish Uniswap as a public, self-governing infrastructure that maintains its indestructibility and autonomy.
1Inch Network (1INCH)
GLO is also expected to rise alongside 1Inch Network (1INCH), which combines decentralized protocols with the fastest and most secure operations in the DeFi space. The first protocol of the network is a decentralized exchange (DEX) aggregator solution that searches deals across multiple liquidity sources and offers users better rates than any single exchange. This protocol is a next-generation automated market maker (AMM) that protects users from front-running attacks while providing opportunities for liquidity providers.
The bottom line
Uniglo.io (GLO) is quickly becoming a strong competitor in the cryptocurrency market. GLO tokens have already yielded significant price increases during the presale period. More rewards are coming once the project officially launches for public trading. Get rid of FOMO and buy GLO tokens before it’s too late.
For More Information:
Join Presale: https://presale.uniglo.io/register
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