Uniglo has launched its native token, GLO, on Ethereum’s largest DEX, Uniswap. GLO, an ERC20 token, functions as the utility and governance token for the Uniglo network.
The protocol is run by a decentralized autonomous organization (DAO) and makes decisions based on its community’s interests. The token’s recent launch has attracted the attention of many traders looking to invest in profitable projects after crypto markets crashed twice with the LUNA and FTT collapses. Notably, Uniglo now ranks among 2022’s best cryptocurrencies to invest in.
What is Uniglo’s Goal?
Due to price volatility, today’s crypto market is not ideal for facilitating transactions. Moreover, the latest crypto meltdown has exposed the risks of using crypto assets for speculation only. Uniglo is the project that brings reliable utility to crypto so businesses can transact without fear of an asset wipeout.
Uniglo Network is built on Ethereum, leveraging the protocol’s extensive reach to users. It aims to make crypto the daily currency for settling transactions through a natively stable cryptocurrency – not a stablecoin. GLO is designed to maintain a steadily rising value despite market conditions.
The protocol has created a powerful ecosystem where GLO is deployed to transact reliably. This ecosystem leverages vigorous deflation to reduce token supply, intensifying demand and causing the token value to rise. As a fully decentralized project, the community members have the final say in improving the project.
How Does Uniglo Compare to USDT and ETH?
Tether (USDT) and Ethereum (ETH) have been around for some time now. USDT is a stablecoin whose value is pegged to the US Dollar. Essentially, like the dollar, USDT is inflationary. Many crypto traders prefer stablecoins for their limited volatility. However, the token’s value gradually shrinks proportionately to the dollar due to inflation. Another concern regarding USDT is that you’re never sure of the transparency of the asset backing because the issuing company is centralized.
Ethereum is a top crypto, second only to Bitcoin. But, just like most cryptocurrencies, ETH is extremely volatile. In just a year, the crypto has plummeted from $4,600 to a paltry $1,200. If a merchant held the token as payment for the period, they would have lost 73% of the value.
GLO is the token that integrates the best of both USDT and ETH and takes it a notch higher. As a result, Uniglo is not only stable, but it also diversifies the assets backing GLO’s value. The reserves comprise cryptocurrencies, rare NFTs, and tokenized physical assets, for instance, digital gold. This diversification spreads the risk, unlike USDT, which only uses the dollar as a pegging value.
Additionally, GLO is hyper-deflationary, ensuring the token supply falls over time, unlike ETH, which has no maximum supply.
Arguably, Uniglo is simply the best that crypto has to offer. Steady value, secured assets, and financial convenience – all under one ecosystem. Uniglo makes it easier to start integrating crypto payments with GLO. As a result, recent trends project more USDT and ETH holders adding GLO to their portfolios to facilitate everyday transactions seamlessly.
Learn More About Uniglo
Join Presale: https://presale.uniglo.io/register
The post Uniglo.io launches its token on Uniswap. Meanwhile, USDT and ETH holders are adding GLO to their portfolios appeared first on Analytics Insight.
Uniglo.io About To Find Itself In The Spotlight As Ethereum And Polygon Bottom Is In, Which Will Push GLO Up With Force
The value of cryptocurrencies has been plummeting recently. Ethereum’s price has fallen by double digits, and Polygon (MATIC), a layer-1 blockchain network token, has also declined significantly. Analysts, however, believe that ETH and MATIC will recover somewhat over the next two weeks, as investors will use the current downturn to buy.
This new turn of events is encouraging for Uniglo.io (GLO), an Ethereum-based social currency launched on the 19th of November. Uniglo, which is well-known for its mega burn events, is a promising cryptocurrency that stands to benefit greatly from Ethereum’s imminent rise.
Uniglo is one of the latest crypto players expected to post momentous growth before the year ends. The project is set to have a higher demand for its GLO tokens through the Ultra Burn Mechanism. Presale contributors are particularly going to benefit from this burn in big ways.
To sustain the consistent price increase of GLO, Uniglo also secures the value of its native token through a digital assets vault that houses a good mix of crypto and digitized real-world assets.
With this, GLO holders, who are likewise part of the larger decentralized autonomous organization (DAO), can be more confident not to experience tragic losses in the next few years. Further, the Uniglo tokenomics allot 80% of its profit to its ICO investors and the rest of the GLO public. Jim Crypto explains this further here.
Ethereum has the second-highest market cap among all cryptocurrencies. Anyone can use this platform because it is open-source, scalable, programmable, secure, and decentralized. Competition from similar products has increased, but that has not stopped Ethereum from attracting users and programmers. There is also a lot of room for improvement and development. Investors who purchase GLO now may profit from the continued growth of both Uniglo and Ethereum, as the latter serves as the protocol’s underlying foundation.
Polygon is the first well-organized and user-friendly platform for implementing Ethereum’s scalability and supporting infrastructure. Polygon SDK’s foundation is a modular, adaptable framework that allows for creating a wide variety of applications. Using Polygon, Ethereum is effectively converted into a fully functional multi-chain system (Internet of Blockchains). The advantages of Ethereum’s security, thriving ecosystem, and transparency are applied to a multi-chain system similar to Polkadot, Cosmos, Avalanche, and others.
The bottom line
The value of cryptocurrencies such as ETH and MATIC can fluctuate erratically and come with a high level of risk. According to experts, investors should look at the potential of a cryptocurrency project over the long term (five to ten years) rather than focus on its short-term performance, which makes GLO an ideal investment. Apart from its secure treasury vault, it will have a massive token burn event following its launch, causing the token’s value to skyrocket.
Find Out More Here:
Join Presale: https://presale.uniglo.io/register
The post Uniglo.io About To Find Itself In The Spotlight As Ethereum And Polygon Bottom Is In, Which Will Push GLO Up With Force appeared first on Analytics Insight.
Uniglo.io Investors Soaring In After Massive Burn Proposal Passed, LUNC And SHIB Burns Looking Small In Comparison
Uniglo stunned the market in recent days by announcing that they will be burning the entirety of unsold tokens on launch. Investors are piling in to take advantage of presale prices before the price skyrockets. Uniglo has its foot on the gas when it comes to burning, unlike other high-profile projects whose teams appear to have neglected this crucial aspect of cryptocurrency.
Uniglo.io Burn Proposal Passed
Uniglo is a social-currency project with a democratic voting system that enables its users to make key decisions regarding the health and wealth of the native token, GLO. The community most recently voted overwhelmingly to burn all remaining tokens left over from the presale, which will inevitably boost the price. Investors are flocking to stock up on GLO on the back of this announcement. GLO has already proven great performance, already up an impressive 55% based on demand even before the burn event notice. Uniglo is deflationary, with additional measures in place to keep burning high. The Ultra-Burn mechanic destroys 2% of tokens in any transaction. Voters may also opt to buy GLO to burn, further pushing scarcity and, therefore, also price. Uniglo also features the unique Vault, which will house a multitude of assets, including digital assets like cryptocurrency and NFTs, along with tangible, real-world assets like gold, fine art, and collectibles.
Terra is still stinging from the LUNA fiasco and piling its efforts into resuscitating its tattered reputation with LUNA Classic (LUNC). Its latest introduction for LUNC is a 1.2% burn mechanism for all transactions – a strategy similar to Uniglo’s approach, yet with almost half the burn rate. Holders are rightly asking if the protocol is doing enough. These measures were introduced to try to relieve LUNC’s ballooning inflation, as investors diverted their funds from LUNA to LUNC, diminishing the value of the token significantly. Trading volume is beginning to decline, unfortunately slowing down the burn rate. Rocky times ahead, indeed.
New data recently proved that in order to burn SHIB to $0.05, it would take approximately 25,000 years. How many holders are willing to wait that long? This information came from the SHIBA Burn Tracker, which calculated that 90% of the supply would need to be removed in order to get to the stated value. Shiba is loved and held for many reasons, but its burn rate simply isn’t one of them. Even with the release of Shiba Eternity, just 5% of revenue is planned to go towards burning SHIB.
The passing of Uniglo’s burn proposal has been well-received by voters – they made a choice together, after all! Uniglo will not only rely on this event in order to defend against inflation; Uniglo has other strategies like the Ultra Burn mechanic to uphold scarcity. Projects like LUNC and SHIB should take note. Now is your chance to join the GLO presale, while stocks last, before the big burn.
Join Presale: https://presale.uniglo.io/register
The post Uniglo.io Investors Soaring In after Massive Burn Proposal Passed, LUNC and SHIB Burns Looking Small in Comparison appeared first on Analytics Insight.
These Crypto Will Be The Ones Everyone Is Using By 2025: Ethereum, Uniglo.io, And Fantom
While many enter the crypto space with dreams of overnight success, a long-term mindset is the most sustainable way to make money in the industry. Especially with current losses and extreme volatility in the market, you need to be patient and prepared for long-term gains if you want to improve your chances of reshaping your financial future. And with one of GLO, ETH, and FTM, you could have that chance.
With the current bear market running full force, it is challenging to know where prices will be in a few weeks. But by shifting your focus to a long-term one, you can target projects that have the potential to shine way into the future. And with current discount prices, you could make big gains with these cryptos, becoming even more mainstream in a few years. When everyone is using these projects in 2025, you will enjoy massive profits if you invest now.
Uniglo has the perfect deflationary credentials and is ideal if you want sustainable long-term growth. That’s because it uses a full asset-backed store of value to protect its price from volatility and ensure it’s prepared for solid and steady price increases. It’s the perfect answer to the world’s growing inflationary concerns and becomes more scarce over time thanks to its unique dual-burn mechanism. This makes it the ideal long-term option and one primed for sustainable growth in which you can have complete faith. Add GLO to your portfolio immediately if you want to start enjoying gains well into the future.
While Ethereum might have been struggling recently, it has long-term potential as the heart of the blockchain development world. With improved speeds and lower fees, it could continue to play an even more significant role in the space. It’s a major project, which experts think could be even more critical in 2025 and enjoy widespread mainstream use. That’s why buying it at a discount right now could be a strong choice.
As a highly scalable blockchain development platform, FTM offers a fertile ecosystem for app creation that’s already got plenty of interesting projects under its umbrella. It also provides strong passive earning options and many other benefits for users. It could be massive in 2025, so buying it now could be a prudent long-term play.
FTM, ETH, and GLO could all be mainstream hits by 2025. Growth might happen way before then, so picking them up now is the best choice you could make for the future of your portfolio.
Join Presale: https://presale.uniglo.io/register
The post These Crypto Will Be The Ones Everyone Is Using By 2025: Ethereum, Uniglo.io, And Fantom appeared first on Analytics Insight.
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