A drastic reduction in supply always leads to a sharp increase in price. Supply chain issues have been a driving cause of inflation: decreasing fiat’s value. And digital currencies follow the same laws of supply.
A new proposal passed by Uniglo.io’s DAO to implement a massive token burn has investors excited, and rightfully so. Will GLO become the new SHIB? And can the protocol surpass Tamadoge’s success? The answer to both appears to be yes.
Uniglo.io
Uniglo has made incredible progress in a short window. Even Business2Community has picked up on its success, listing the protocol as one of 2022’s best projects. Uniglo provides a long-term store of value by exposing investors to a unique collection of digital assets. Buy and sell taxes fund the acquisition of assets, and the vault stores classic large caps such as BTC & ETH for long-term gains. In addition, it holds stablecoins to hedge against volatility; smaller-caps to benefit from growth speculation. And most excitingly, high-end physical goods such as fine art in NFT format.
On top of this, to further guarantee constant appreciation, the protocol implements a hyper-aggressive burning strategy. Now that the DAO has passed this additional burning proposal, it will sharply reduce GLO’s total, and analysts expect violent upwards price action.
SHIB
Shiba Inu implemented an enormous token burn to combat its incredibly high supply and to help increase value for investors. To date, the project has burnt more than four hundred trillion SHIB.
However, investors should remember that most of this burn comes from Vitalik Buterin’s initial burn. SHIB’s burn numbers also sound impressive due to its total supply massively exceeding most projects.
Tamadoge
Tamadoge has enjoyed enormous success since its launch. This play-to-earn model implements NFT technology allowing investors to own pets within the Tamaverse. Investors can even battle their NFTs against other investors. Despite being a meme token, developers packed TAMA with utility. The same team plans to build a native metaverse, and analysts expect this venture to fuel Tamadoge’s future growth.
Closing Thoughts
The current market conditions provide a great entry point for investors to build their portfolios and strengthen their current positions. As a result, Uniglo represented an excellent investment opportunity before the burn proposal. Now the proposal has passed, Uniglo offers an unparalleled financial opportunity.
Find Out More Here:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
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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