Uniglo, a community-owned social currency, is all set for a launch as we head toward the end of its presale round. Following a sensational ICO round, the team has announced a massive burn event that will wipe out millions of tokens from circulatio, something similar to Shiba Inu, but with a greater impact. As a result, those who should have invested in the early stages of the presale have an excellent opportunity.
But what makes Uniglo different?
Most community tokens on the market promise consistent returns without any backing of the floor price. Uniglo is here to offer a long-term store of value with its native currency backed by a basket of cryptos, NFTs, and digitized assets. The protocol has its own DAO vault with multiple layers of asset protection, thus ensuring complete security. Anyone can own a piece of tangible and intangible assets when they become a part of this community.
Besides the vault, the key distinguishing factor here is the ultra-burn mechanism of the protocol. It ensures long-term growth in value by constantly reducing the circulating supply. For every transaction on the network, 2% of that amount will be moved to a dead wallet. Furthermore, the profits accumulated from the sale of assets will be directly deployed to buy and burn Uniglo tokens.
Any decision regarding the future of Uniglo will be in the hands of $GLO holders in proportion to their holdings. This will help the protocol achieve an open DAO structure where everyone has a say.
Q4 explosion is immininent
The fundamentals speak volumes about this project, and the recent announcement of burning unsold GLO tokens has garnered attention from potential investors. Imagine the impact this will have on the token listing price and the ripple effect of that upside move. The vault guarantees price stability, while the burning mechanism ensures a consistent spike in demand.
One of the leading blockchain security firms, Paladin, has audited Uniglo’s smart contract. This further strengthens the trust and belief in the project. In addition, several media outlets have reported on the considerable presale demand for GLO and what makes it one of the best ICO tokens at the moment. With a massive token burn ahead, there’s every reason to include Uniglo in the portfolio for exponential gains.
For More About Uniglo:
Join Presale: https://presale.uniglo.io/register
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