A recently proposed Government framework sets out a range of new rules for the crypto industry. Some analysts argue that these changes present nothing new, but this could be viewed as a positive in some respects. That’s because there has previously been a fear that legislators would prohibit crypto trading or act in a way that clamps down on the market. With nothing major changing, this should not be the case.
This news means that plenty of crypto projects could be primed to benefit from a market that may continue to be easy to operate in. The most prominent of these is Uniglo (GLO), which has been gaining traction and growing in price while still in its pre-sale phase. It could be exactly what investors have been looking for as an answer to worsening inflationary issues.
Uniglo (GLO)
Uniglo brings many benefits to the table and is the most deflationary token the space has ever seen. It’s got two main features to help create this deflationary model, the GLO vault and an ultra-burn mechanic.
The GLO vault works by raising a sales tax on transactions and then investing these funds into various assets. The assets are stored in the vault and provide a robust store of value that many fiat currencies lost long ago. It reintroduces the gold standard peg with a vault of assets, including digital versions of gold, alongside NFTs, cryptos, and more. This gives a strong base price to GLO that’s completely diversified and protected against market volatility, shoring it up for steady growth.
GLO’s ultra-burn mechanics ensure that Uniglo becomes increasingly scarce as time goes by. It even buys back tokens to burn over time, alongside burning some on every transaction. This, combined with the GLO vault, make up the most robust set of deflationary features ever. That’s why Uniglo has been growing during its pre-sale, and there’s still a bit of time left to snap it up at discount prices before the official launch.
Conclusion
Uniglo looks primed for growth, especially bearing recent framework proposals in mind. It could be the breakout star of the next bull run, so now might be the perfect time to add it to your portfolio.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
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