The relative strength of digital assets in prior weeks has been incredible. As stock prices plunge, digital assets have remained firm, and this relative stability attracts more capitalized investors into the sphere seeking refuge from global economic turmoil.
DeFi continues to expand, and so does the potential for investors to generate incredible returns. One project, Uniglo.io (GLO), has implemented a highly aggressive burning strategy, leading analysts to predict that the token could do 15X. Shiba Inu (SHIB) and Binance Coin (BNB) are two famous tokens that implemented successful burning strategies.
Uniglo.io (GLO)
This social currency introduces value-backing to DeFi. Uniglo features a vault that houses a unique mixture of assets allowing the protocol to deliver a viable store of value over extended periods. But it is the burning strategy that has got analysts excited—outlined in the project’s whitepaper, Uniglo pioneers the ”Ultra Burn Mechanism”. This revolutionary burning mechanism sees 2% of every transaction sent to the Uni Abyss- a burn wallet with an unknown private key.
This constant decline in GLO’s total supply will make the token scarce on the open market and increase its value. Fundamental laws of supply and demand dictate this. This burning stratagem will heavily benefit long-term investors who hold their GLO.
Shiba Inu (SHIB)
SHIB brands itself as the ‘DOGECOIN KILLER.’ The Shiba Inu ecosystem introduced more utility than DOGE with its own decentralized exchange ShibaSwap where investors can earn with the other tokens native to the ecosystem: BONE & LEASH.
Shiba Inu launched one of the largest burning campaigns seen in crypto. More than a third of its total supply has already been burnt, and the number of tokens burnt increases every day.
Binance Coin (BNB)
BNB is the utility token of the centralized exchange Binance and the token that powers the Binance Smart Chain. Every quarter Binance burns BNB permanently, removing it from circulation.
Binance eventually plans to burn 100 million BNB tokens or half its total supply. The last BNB burn saw nearly two million BNB burnt; another will occur at the end of Q4.
Closing Thoughts
Reducing the total supply of a token inherently makes it more valuable. Uniglo’s burning strategy is one of the most aggressive ever seen within DeFi, making GLO an excellent choice for investors.
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
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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