If you haven’t heard about the initial coin offering (ICO) of a groundbreaking cryptocurrency project called Uniglo.io (GLO), it’s time to learn about it fast. This project is attracting a wide range of investors who come from different backgrounds because it can simplify passive income-making and digital asset ownership.
Moreover, Uniglo.io has proposed implementing a distinctive token burn that is expected to slash its token supply immediately. The Uniglo.io community has already approved this proposal, which means the GLO token could come close to the impressive growth trajectory of Shiba Inu (SHIB) or DogeCoin (DOGE).
Uniglo.io (GLO)
Uniglo.io (GLO) is a new social currency based on the Ethereum network. It introduces its Ultra-Burn Mechanism, which helps keep the value of its GLO tokens on the rise. By regularly removing large portions of GLO from the secondary market, the project ensures substantial passive gains over the long term. The burn feature alone has invited an influx of token purchases from interested buyers.
To ensure stable growth for GLO, Uniglo.io also maintains a Vault to store stable and appreciating assets such as stablecoins, digitized gold, tokenized physical collectibles, and rare non-fungible tokens (NFTs). As such, the project takes advantage of the emerging transition of high-value physical assets into their tokenized forms. In the future, even if the market fluctuates or reverts to a bearish condition, GLO will remain strong and stable.
While the Vault is meant to maintain the appreciation of digital assets, Uniglo.io is also designed to keep up with the volatile crypto market. As such, the Vault also holds volatile cryptocurrencies that have strong potential for gains.
Shiba Inu (SHIB)
A cryptocurrency based on Ethereum, Shiba Inu was launched in 2020 as an alternative to DogeCoin, the first meme coin based on dogs. Its developers created a dog-themed metaverse where users can play, explore, be creative, and earn passive income. The native coin, SHIB, circulates the marketplace and is used in DeFi apps to lend, save, and exchange assets like NFTs.
DogeCoin (DOGE)
Dogecoin is a digital currency created in 2013 to serve as a tipping system to reward Reddit and Twitter content creators who achieve audience engagement. It has a one-minute block time, which is faster than Bitcoin’s 10-minute block time. Unlike other cryptocurrencies, the supply of DOGE tokens is uncapped. Miners can collect an unlimited number of DOGE coins on their own or by participating in a mining pool.
The bottom line
With a major burn event to be held after the launch on the 19th of November, market watchers are touting Uniglo.io (GLO) as the most promising launch of 2022. It is also considered one of the top cryptocurrencies set to explode very soon. GLO is looking more like Shiba Inu (SHIB) and DogeCoin (DOGE). However, contrary to the two coins, the GLO token takes into account long-term growth and hedges against speculation and volatility.
Find Out More Here:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
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