An exciting new project called Uniglo.io (GLO) is currently in the final phase of its initial coin offering (ICO). While it’s still a young project, Uniglo.io is rising the ranks to be alongside Cronos (CRO), ApeCoin (APE), and Uniswap (UNI). GLO is selling fast, and investors who want passive income should look into this new crypto gem before it launches.
Uniglo (GLO) is a new initiative in the decentralized finance (DeFi) space built on the Ethereum Chain. The project commenced its presale last July 15th, quickly becoming an investor favorite.
The Uniglo project introduces a social currency called GLO that is fully asset-backed. As a decentralized autonomous organization (DAO), the community behind the project decides collectively on which assets to purchase or sell for the Uniglo Asset Vault. As such, the DAO structure offers each GLO holder exposure to a well-curated portfolio of digital assets whose value is set to appreciate.
The community also decides when the proceeds from the sale of Vault assets are used to buy back and burn GLO tokens as part of the Ultra-Burn Mechanism feature. This mechanism is a unique deflationary approach designed to maximize gains for token holders, operating on top of a standard burn that removes from circulation two percent of all buy and sell transactions. This dual-burn strategy fuels the hyper-deflationary state of the GLO token, driving its value by making it increasingly scarce.
Uniglo is in the final leg of its presale, and October marks the last month before the project publicly launches. Analysts expect the price of GLO to skyrocket during that time. If you do not want to miss out on Uniglo’s growth, make sure to acquire GLO tokens within the presale period.
Another token you should consider investing in is CRO, a blockchain designed by CRO ProtocolLabs (Crypto.com). It is programmed to facilitate multiple decentralized financial services using a streamlined and highly scalable consensus mechanism. It also provides cryptocurrency fans and users with a digital platform where they can keep all their assets and transactions secured in a single wallet.
Investors should also keep a lookout for ApeCoin, the native token of Bored Ape Yacht Club, a non-fungible token (NFT) collection of 10,000 ape images that has gained popularity after its launch in March 2022. As such, the value of APE has skyrocketed this year, gathering interest from famous personalities who want to become part of the Metaverse.
Uniswap is the largest decentralized exchange built within the Ethereum blockchain. UNI tokens are traded through liquidity pools that are determined by non-upgradeable smart contracts. As there is no central facilitator on Uniswap, stakeholders are allowed to suggest protocol improvement and development initiatives.
The bottom line
The ICO is one of the best times to buy a cryptocurrency project. The token price is at a discount, and the project is just about to embark on its growth. The presale of GLO is nearing its close. If you want gains similar to what Cronos (CRO), ApeCoin (APE), and Uniswap (UNI) offer, then don’t miss out on the opportunity to buy GLO during the presale.
For More Information:
Join Presale: https://presale.uniglo.io/register
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