A new contender has entered the DeFi space and promises to be one of the hottest tokens of 2022: Uniglo introduces the digital asset standard. Its revolutionary dual burn mechanic could see this project enter a parabolic rally in the coming months, comparable to the early days of Shiba Inu and Polygon.
Uniglo.io
Uniglo brings a breath of fresh air to DeFi and provides something the space desperately needs: a viable store of value. Already listed by Business2Community as one of 2022’s best projects, and now with a colossal burn announcement, Uniglo readies itself to join the top hundred crypto projects.
Uniglo creates a store of value through diversification and broad asset exposure. The Uniglo vault holds digital assets and NFTs representing tangible assets such as real estate, gold, and fine art. This varied allocation allows for steady and stable returns.
But the spectacular thing about Uniglo is its burning strategy: scarcity creates value. Uniglo’s tokenomics see 2% of every transaction burnt, periodic buyback and burns of GLO from the open market, and now an enormous token burn. Due to limited supply, this hyper-aggressive burning strategy has made each GLO token more intrinsically valuable. The upwards price pressure from this campaign could well send GLO into the stratosphere.
Shiba Inu
Shiba Inu enjoyed one of the most outrageous rallies ever seen in crypto throughout 2021. SHIB posted gains of more than 46,000,000%, and this rapid rise made many early investors millionaires. Shiba Inu calls itself the ‘Dogecoin Killer’ and combines typical meme coin hype with utility.
The Shiba Inu ecosystem contains a decentralized exchange known as ShibaSwap, where investors can earn passive income with their SHIB. The project undertook one of the most extensive burning campaigns ever witnessed, with more than 41% of SHIB’s total supply burnt to date.
Polygon
Polygon is a layer-two scaling solution making Ethereum more accessible for the average crypto user. Polygon has seen massive adoption recently, with Meta selecting the blockchain as its partner for integrating NFTs onto Instagram.
MATIC initially sold for $0.00263 per token during its 2019 ICO. Early investors have made more than 300X on their initial investment, even with MATIC’s heavy retracement throughout the bear market. Polygon provided value to the space, and as a result, it grew, and many analysts have remarked that Uniglo’s ICO buzz was incredibly similar to that of Polygon’s.
Closing Thoughts
Uniglo’s value store makes it an ideal bear market hold. But the developers’ hyper-aggressive dual-burn strategy has propelled this token to another level. Price action forecasts for GLO over the coming months predict a 10X conservatively, with more brazen predictions speculating as much as a 150X. Only one thing is certain: Uniglo should feature in every investor’s watchlist.
Find Out More Here:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
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Uniglo (GLO) October Launch Imminent, Burn Mechanic Expectations Are Similar To Shiba Inu (SHIB) And Stellar (XLM)There’s one hot new crypto that’s been gaining a ton of attention recently, and that’s Uniglo. It’s still available during pre-sale, giving you a unique opportunity to enjoy discount prices before its main launch in October. This launch should see demand increase, meaning early investors snapped themselves up a bargain that has room to grow.
The opportunity to p[pick up a highly credible crypto during pre-sale is not one that comes along very often. Pre-sales aren’t without risks, but the credentials GLO has to grow should not be underestimated. Especially with its ultra-burn mechanics and more. This sets it up for strong price growth similar to other major altcoin successes like SHIB and XLM. Imagine if you had the chance to invest in those tokens before they hit mainstream exchanges.
It’s important to note that many mainstream crypto investors only invest in tokens on the main exchanges. While savvy investors look a bit deeper than that and are happy to take a bit more risk in exchange for a bit more long-term value. When a credible crypto hits the main exchanges and places that are easier to buy them, they often go onto further gains. So by investing in a crypto before that phase, you get even more upside for your portfolio and the chance to revolutionalize your personal finances for the better. Burn rates are also important in this, as tokens that have enough mechanics to continue to reduce supply over time tend to set themselves up for even more success. That’s why GLO comes highly recommended…
Uniglo (GLO)
Uniglo has incredible burn mechanics that not only destroy tokens on every transaction, but also buy back coins over time to burn even more. This makes it completely deflationary, and one that should become more scarce over time. GLO also has the innovative GLO vault, which keeps a range of assets as a full store of value. These features make GLO the perfect answer to the globe’s inflation problems, and mean those who get involved in GLO before its launch in October could be preparing their portfolio for massive success.
Burn rates are important in the crypto world, and an answer to fiat which can be printed on a whim. GLO has burn rates that could outclass the likes of SHIB and XLM which have recently been carrying out huge burns.
What about SHIB and XLM?
and recently carried out a huge number of burns. Shib has introduced new burn mechanics and rewards for users who decide to burn more tokens. Stellar also recently destroyed a huge supply of tokens to help shore up prices during the bear run. These tokens have made good use of ultra burn mechanics recently, but it’s GLO that has the best burn credentials the space has arguably ever seen.
GLO, SHIB and XLM could all still be great investments. They’ll become more scarce over time thanks to great burn mechanics. But GLO has the potential to thrive when it launches, especially if you get involved during pre-sale right now.
Find Out More Here:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter (NYSE:): https://twitter.com/GloFoundation1
Burning is a method of destroying tokens to create scarcity and increase the value of the remaining tokens. This is a common practice in the cryptocurrency space and is often used as a way to reduce inflation.
Uniglo (GLO), a project that has been gaining much attention lately, is set to implement a revolutionary burn mechanic. This mechanic will allow Uniglo (GLO) to compete with some of the biggest players in the space, such as Shiba Inu (SHIB), Litecoin (LTC), and Bitcoin (BTC).
Uniglo (GLO) And Its Revolutionary Burn Mechanic
The Glo Foundation introduces Uniglo (GLO) as a hyper-deflationary, asset-backed social currency on the Ethereum network, intending to build a community-driven ecosystem with active users and a volatility-hedge coin.
The primary tool for Uniglo to reach its goals is its Ultra-Burn Mechanism. Under the Uniglo protocol, a portion of every transaction is automatically burned or destroyed. This reduces the overall supply of GLO tokens, making them more scarce and valuable over time.
In addition, the Uniglo team has plans to use a portion of the fees collected from transactions to buy back and burn GLO tokens. This will further reduce the circulating supply and increase the value of the remaining tokens.
Buyback and burn practice is directly connected to profits from Uniglo Vault, which is funded by 5% transaction fees. With the DAO vote system, the community decides which assets to sell or purchase to expand the treasury, and revenues from these assets will be utilized to repurchase $GLOs and burn them.
Uniglo’s burn mechanic is a powerful tool that will create a virtuous circle of scarcity, demand, and value for the GLO token. This is sure to make Uniglo a project to watch in the coming months.
How Does Uniglo’s Burn Mechanic Compete With SHIB, LTC, And BTC?
Shiba Inu (SHIB), a famous meme-based cryptocurrency, is probably the crypto with the highest and largest burning rates. Shiba’s value has decreased dramatically during the current bear market. Thus, they felt the urge to develop an official website where investors would send SHIBs to dead wallets and burn themselves. Last week, the community burned more than 1.2 billion SHIB.
For Litecoin (LTC), one of the most commonly accepted cryptocurrencies and supported by over 2,000 merchants and stores worldwide, burning is not a widespread practice. Nonetheless, the Litecoin supply is structured to decrease over time to maintain the coin’s value.
Speaking of BTC, although creators have never burned Bitcoin supply to artificially inflate its price, 3.7 million Bitcoins have been lost for different causes, including loss of private key access, death, and more. Bitcoin is the dominant cryptocurrency by market capitalization. Hence it does not require burning to increase in value.
These three projects are widely adopted cryptocurrencies with distinct goals and solutions. However, they are all subject to market volatility. Recent bearish trends have demonstrated that even Bitcoin is not an effective hedge against inflation and volatility. And when Bitcoin struggles, other currencies also decline.
Therefore, investors with bear market experiences shift their focus to Uniglo.
Bottom Line
The burning mechanism is intended to assist Uniglo (GLO) realize its full potential and becoming a premier cryptocurrency. $GLO is scheduled to get listed on Uniswap in October. Until then, investors can join the army of early adopters by purchasing $GLOs on the website and taking advantage of the presale bonuses.
For More About Uniglo:
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
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
Uniglo is a new project that has set its sights on becoming the top deflationary cryptocurrency. It has a lot of competition, but its main rivals are Shiba Inu (SHIB), Dogecoin (DOGE), and Bitcoin (BTC). All free of these have their own deflationary mechanisms, but Uniglo’s is arguably the most advanced. Today we will look closely at Uniglo and its unique approaches to burning.
How Does Uniglo’s Deflation Mechanic Work?
The newly appeared asset-backed Uniglo Protocol includes a revolutionary deflation mechanism. The hyper-deflationary token model made possible by the burning procedure will raise the GLO token’s value and scarcity even more over time.
The “Ultra-Burn” approach, which will swiftly and cautiously boost value creation for GLO, is a critical component Uniglo has introduced. 2% of each transaction made when entering or exiting Uniglo is continuously burned. Additionally, Uniglo will use a bigger portion of the proceeds from its vaults as a community to repurchase and burn $GLO.
The aforementioned mechanism, according to Uniglo, is the industry standard for managing token burns. This is accomplished by selling assets from Uniglo Vault. Let’s explain it further.
The Uniglo vault will gradually increase in size due to the ongoing addition of the 5 percent Buy and Sell tax to the treasury. As Uniglo expands, it will buy assets and add them to the Uniglo vault to support the Uniglo token’s floor price. To see what Uniglo as a community has, anybody may visit the Vault addresses at any moment. After a sale and profit have been taken out and replenished in the vault, a larger portion of the proceeds will be used to purchase and burn $GLO tokens, creating an immediate and cascading effect.
How Does Glo Compare To Shiba Inu (SHIB), Dogecoin (DOGE), And Bitcoin (BTC)?
To understand the difference between Uniglo and other coins, we first have to understand the methods they are using. For example, Since the opening of the Shiba burn portal, more than 410 trillion SHIB tokens have been burnt, according to a recent release from the Shiba Inu team. However, these coins, whose estimated value is $4 billion, have not produced the anticipated price effects. So the idea behind deflationary models should not always revolve around simple burn mechanisms.
On the other hand, you have Bitcoin, and even though BTC burning is not common, According to analytics company Chainalysis, some 3.7 million Bitcoins have already been lost for various reasons, such as losing access to one’s private key, passing away, and more.
The main difference between Uniglo and the others is that it uses a complex system of smart contracts to burn tokens when they are sent automatically. This makes it impossible for anyone to hoard the currency, as their tokens will constantly reduce in value.
This deflationary mechanic is similar to Shiba Inu’s, but Uniglo goes one step further. It utilizes a 10% tax on each transaction that is sent to a central wallet. This wallet can then be used to pay for things like marketing and development, meaning the project has a constant funding source.
Uniglo also has a very active community, which is always a good sign. The team constantly interacts with users, and they seem to be very open to feedback. This is a project that definitely has a lot of potentials.
For More About Uniglo:
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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Revolutionary New Ultra-Burn Mechanic from Uniglo (GLO) Applies Pressure to Mina (MINA), NEM (XEM), and Shiba Inu (SHIB) Coinspeaker
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