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An anonymous investor withdrew a record $1 billion in Bitcoin from Binance and put it into self-custody. Perhaps a signal that the macro bottom has formed?
With BTC bottoming out, altcoins prepare to pump and pump hard. An announcement of a massive burn by Uniglo.io (GLO) looks likely to propel it through the rankings into the top hundred projects alongside projects like Trust Wallet (TWT).
Uniglo.io (GLO)
Uniglo delivers a long-term store of value by exposing investors to a unique combination of digital assets. Asset ownership and scarcity principles drive this protocol. GLO features buy and sell taxes, and the protocol utilizes this revenue stream to fund acquisitions and burns.
The whitepaper outlines a revolutionary tokenomics model with the ‘Ultra Burn Mechanism,’ seeing 2% of every transaction burnt. But now that Uniglo’s developers have announced a mass burn event, the scarcity of GLO will be taken to an entirely new level. Even established media outlets like Business2Community have grasped the project’s potential and listed Uniglo as one of 2022’s best investments.
Trust Wallet (TWT)
Trust Wallet is one of the most secure non-custodial wallets for digital asset owners: a rival of the popular MetaMask wallet. Trust Wallet provides a fiat on-ramp and allows investors to stake their crypto inside their wallets. TWT unlocks the full potential for Trust Wallet users giving them discounts on crypto purchases and trading discounts on decentralized exchange swapping. Pair a highly popular wallet with a token packed with utility; the result is a top hundred crypto project.
Closing Thoughts
This considerable decrease in GLO’s total supply will cause the token to rally significantly. Basic laws of supply dictate that reduced supply means an increased valuation. The real question is how far can GLO climb? The top hundred? The top fifty? Maybe even the top twenty?
Find Out More Here:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
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