In mid-October, Uniglo announced that it will be available to purchase on Uniswap, a leading decentralized exchange on the Ethereum Chain. This news sent shockwaves through the crypto community, as many believe that this move will 10x the price of GLO, the native token of the protocol.
As Uniglo enters the end of the second phase presale, market watchers are beginning to take notice of the new decentralized project. Uniglo has been busy since it began preselling in mid-July and is now being closely observed and analyzed by those in the industry. Some say that the new DeFi project is prompting a shift in wealth allocation in the cryptocurrency market.
There is a growing interest in Uniglo from investors, as it has a framework in place to support the value of its GLO coin. While the Uniglo token is still in the presale stage, anybody interested in learning more about it can start their study right now.
The new entrant in the DeFi space
Uniglo employs a unique approach to nurturing investments. Rather than purely relying on the speculative nature of cryptocurrencies, Uniglo will leverage a balance between growth speculation and wealth accumulation.
The project will invest in assets ranging from digital currencies, and rare non-fungible tokens to tangible collectibles such as high-end watches and rare whisky.
The project also introduces the Ultra-Burn Mechanism, which is an add-on to the regular token burn process involved with each buy and sell transaction on the Uniglo ecosystem. The Ultra-Burn Mechanism refers to purchasing GLO tokens from the secondary market before burning them out of existence. This dual method for burning will ensure the limited supply of GLO tokens in the market, which will ultimately benefit longstanding token holders.
The community is extremely bullish on Uniglo and its potential to 10x in the near future. If you’re looking for a high-growth project to invest in, Uniglo is definitely one to keep on your radar.
Learn more here:
Join Presale: https://presale.uniglo.io/register
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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