Uniglo.io Massive Burn Event Sky Rockets The Price, BNB, and DOGE holders are buying in

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After a successful presale phase, the Uniglo community is thrilled to witness the skyrocketing prices at the launch. As promised, the project has removed all leftover tokens from circulation, which has significantly reduced the overall supply. This event has attracted huge investments from BNB and DOGE holders, who are looking to capitalize on the opportunity.

Amid uncertain market conditions, Uniglo has emerged as one of the best coins to invest in. Known for its utility and versatility, the ecosystem is designed to expand beyond conventional limits. Experts are confident about its long-term potential, which will be majorly driven by its hyper-deflationary tokenomics.

How different is Uniglo from other projects?

The crypto market is flooded with unrealistic claims that have no real-world backing. This is where Uniglo stands out with the introduction of the first-ever asset-backed cryptocurrency. The token will be backed by a balanced basket of digital currencies, NFTs, and even rare collectibles. This will be funded through taxation on each trade.

As the treasury continues to grow, so do the holdings of the Uniglo vault. A detailed list will be available at a public address, where anyone can view what the community holds.

Besides creating a strong floor price, the protocol also ensures upside potential with an idiosyncratic ultra-burn mechanism. Every time someone buys or sells $GLO, 2% of that transaction will be sent to a burn address, Uni Abyss. This will speed up the process of cutting down supply and subsequently increasing demand.

And it doesn’t here.

The protocol will also re-invest profits generated from the sale of assets toward buying back and burning GLO tokens. This will have a cascading effect on the price, and the community will massively benefit from this mechanism.

The Bottom Line

A majority of crypto startups sound promising at the onset, but only a few stand the test of time. According to experts, Uniglo is here to stay for a wild run. A successful presale round has triggered investors from all corners to explore this revolutionary protocol. Unlike BNB or DOGE, GLO is yet to face the full force of a bull market, and it has massive room for growth. After millions of tokens were burnt this week, the overall supply has come down to a great extent. It has opened the door to financial opportunities for those who understand its potential.

For more about Uniglo:

Website: https://uniglo.io

Telegram: https://t.me/GloFoundation


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