Inflation is running riot in many economies globally, dictating how traditional fiats like the dollar are impacting people as they go about their daily lives. Cryptocurrency offers a different path, as deflationary coins have systemic mechanisms to reverse the cycle. Good burning tokenomics are one way to achieve this. Read on to see how new project Uniglo is trumping its competitors with its fantastic burn program.
Incredible burning with Uniglo.io
Uniglo achieves its deflationary status via the Ultra-burn mechanic, which incorporates a small tax on every transaction. This means that each time native token GLO is traded, a percentage disappears forever, sent to the Uni Abyss. Over time, as the project is adopted and expanded, the total amount of GLO available will continue to decrease, driving up its value. To kick start this flow, users voted to burn the unsold GLO leftover from presale. Furthermore, as Uniglo is a DAO (Decentralized Autonomous Organization), its members may participate in making key decisions, like when to buy and burn GLO to support pricing. These burning features make Uniglo a desirable prospect based on clever and lucrative tokenomics.
1inch is a decentralized exchange aggregator which offers price comparison on tokens, allowing users to find the most efficient way to trade across different pools. It does not have a strong burning system in place to uphold the value of 1INCH.
Sushiswap is a decentralized exchange established in 2020 by anonymous developer Chef Nomi. SUSHI has no burn capability at present; it is suggested that the Sushiswap community may potentially be able to propose it via governance channels in the future (not confirmed).
Uniswap is a decentralized exchange that enables users to swap ERC-20 tokens without depositing funds. Despite being the largest DEX in crypto, it has no regular burn mechanics, meaning the supply is not deflationary.
1inch, Sushiswap, and Uniswap all failed to embed burning into their typical modes of use, unlike Uniglo, which placed it at the very core. Intense, regular, and intrinsic burning is key to producing a coin that makes economic sense for investors. The earliest investors will be the most heavily rewarded over time: Buy your GLO now to benefit from perfect timing prior to the burn event on launch.
Join Presale: https://presale.uniglo.io/register
None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.