Uniglo (GLO) Proving That Ethereum (ETH) Chain can Still Attract New and Innovative Projects


Do developers and investors still have a good enough reason to stick with Ethereum (ETH)? Some market observers might say that Ethereum’s light is dimming, as multiple competitors such as Solana (SOL), Avalanche (AVAX), and Polygon (MATIC) are already carving their place in the market. Solana, Avalanche, and Polygon are just three of Ethereum’s direct competitors in the smart contracts and decentralized applications space.

However, a new project in the decentralized finance (DeFi) sphere could be proving those market observers wrong. Uniglo (GLO), a brand new social currency that is attracting so many potential investors, including whales, might be proving to the world that Ethereum is on top of its field for a reason.

What is Uniglo (GLO)?

Uniglo is a new and innovative DeFi project that is built on Ethereum. The project offers an opportunity for long-term investors to grow their money through the GLO social currency. With Ethereum’s strong reputation for reliable smart contracts and stable and steady transfers, the founders of Uniglo expect to have a position within the blockchain industry for years to come.

Why is Uniglo (GLO) so attractive?

The three mains features that make Uniglo so attractive to investors are:

Multi-asset backed currency

Uniglo’s native token GLO is a shift away from the reliance on crypto volatility and is a return to an actual tangible asset-backed currency. However, instead of being pegged against a gold standard, GLO is backed by a diversified collection of valuable digital and digitized assets. These assets include digital currencies, digital art, non-fungible tokens (NFTs), and other rare collectibles.

Fractionalized asset ownership

Uniglo is also a decentralized autonomous organization (DAO), which means its community directs the governance process and votes on the asset collection. This also means that the community owns the assets that are kept in the Uniglo Vault. This translates to a fractionalized asset ownership of a range of assets for token holders.

Long-term growth

Lastly, Uniglo was built to achieve a balance between growth speculation and wealth preservation. To help preserve the value of GLO, the protocol will also implement an Ultra-Burn Mechanism, which is a buyback-and-burn method unique to Uniglo. Notably, Uniglo is one of the first projects within the Ethereum network to implement two burn mechanics, which ensures growth benefits for the protocol and the overall community.

Uniglo (GLO) is on presale

Uniglo is proof that the Ethereum (ETH) Chain has more to offer and could still attract innovative and revolutionary projects for the Web 3.0 world. Uniglo just started the second phase of its presale last August 15, which means interested buyers can still accumulate their share of GLO tokens before it’s too late.

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: https://twitter.com/GloFoundation1

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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