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Uniglo (GLO) came into the cryptocurrency picture fast and strong, and different kinds of investors are taking notice. The GLO token is still in its initial coin offering (ICO) but its price is rising very quickly. It has already gained 35% – a big reward for people who invested early into the new decentralized finance (DeFi) project. At the rate it is expanding, Uniglo could be positioning itself beside the likes of Ethereum Name Service (ENS) and Synthetix (SNX).
Uniglo (GLO)
Based on Ethereum, Uniglo is a new addition to the DeFi space that aims to be a decentralized autonomous organization (DAO). The community will play an active role in creating and managing a special asset vault designed to support the price of Uniglo’s native token GLO. This, however, does not mean that Uniglo requires its investors to be experienced and highly knowledgeable about cryptocurrency investment. The opposite is actually true – Uniglo is designed to make diversified investment accessible and easy even to the most inexperienced person.
The project just started its presale last July 15 but already it is giving GLO buyers from the first and second presale phases a reason to celebrate. The price of GLO has already surged by 35%, and it shows no signs of stopping. The new DeFi project seems to be unravelling a very competitive social currency that is rising alongside Ethereum Name Service (ENS) and Synthetix (SNX).
Ethereum Name Service (ENS)
Ethereum Name Service (ENS) is an Ethereum-based distributed and extensible naming system that specifically maps human-readable names to metadata such as crypto addresses and content hashes. It offers three levels of integration that suit the requirements and preferences of developers and users accordingly. In a world that is becoming increasingly decentralized and nearing a Web 3.0 future, Ethereum Name Service has strong potential to play a critical role for developers and users.
Synthetix (SNX)
Synthetix (SNX) is a derivatives liquidity protocol, a platform where users can synthesize their own assets that are akin to derivatives. As such, investors can achieve on-chain exposure to various kinds of high-value assets such as Bitcoin, fiat or gold without actual ownership of such. In an effort to support the price of its token SNX, the network announced a proposal to set a ceiling on the maximum supply of SNX at 300 million.
Conclusion
Uniglo offers gains and benefits that are comparable to some of the established cryptocurrencies in the market. This offering translates to lucrative gains for early adopters of GLO.
The Uniglo project is in the final phase of its presale, giving interested parties time to buy GLO before it soars at launch.
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
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