Crypto inferno: The Uniglo team just announced the results of its first major poll. The Uniglo community voted overwhelmingly in favor of burning all GLO tokens leftover from presale! The news has caught the interest of investors from across the crypto-sphere; read on to find out more and consider if you should join them.
Uniglo.io Massive Burn
Uniglo is the very first community-owned, multi-asset-backed treasury coming soon to Ethereum Network. Let’s break down what that means. In terms of community ownership, users can expect to vote on what assets they want to hold collectively in the Uniglo Vault. The Vault is designed to hold almost anything: from cryptocurrency and NFTs to fine art, gold, collectibles, and classic cars. Anything that is likely to appreciate in value and therefore bring home profit is optionable (in reference to the multi-asset backed treasury). As such, users can collectively own items like NFTs that they would not otherwise have the capital to access and digitized gold in quantities that would be outside of a single person’s budget. By pooling funds, gains are given back to the whole crowd. This gives access to unusual markets that the average person might not have the means or know-how to enter. For example, many people like the idea of owning fine art as an investment piece but wouldn’t know where to start. In this case, the wisdom of the collective mind can take care of such matters.
TAMA, Calvaria, and Solana Investors Attracted
On-chain, everyone can publicly see where funds are appearing from. Data is showing money flowing into GLO from some interesting places. TAMA is the gateway token of the gaming Tamaverse, in which users can breed, raise and play with pets online. Similarly, Calvaria is a Play-To-Earn (P2E) battlecard game built on blockchain. Solana is a blockchain system rivaling the likes of Ethereum and Cardano. Vast quantities of money has been spotted coming from wallets linked to all three of these projects in order to purchase GLO in its ICO.
Conclusion
It is not at all surprising that users voted to burn the unsold GLO, as historically similar actions have resulted in major price spikes as the number of available tokens is slashed. GLO is entirely deflationary owing to its Ultra Burn mechanic, meaning the burn momentum will be kept going continuously, even after the burn event. Get your GLO now if you wish to participate before the end of the presale.
Learn more:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
