Burn baby, burn, it’s a crypto inferno! Although burning is a key part of tokenomics, poor burn mechanics can leave a coin floundering and miring in inflation. That’s why it’s smart to invest in projects that keep the foot on the gas, so to speak, in terms of burning through their stocks. With that in mind, let’s talk about the hot new project Uniglo, with its exceptional dual-burn utility and impending mass-scale token burn event.
Uniglo.io Mass Token Burn
For many projects, burning is an afterthought, or coins are intentionally inflationary. This is not the case Uniglo. Uniglo’s Ultra Burn mechanism has been considered carefully and programmed to generate massive profit for GLO holders. Each time GLO is bought and sold, 2% is sent to the abyss. This will create continuous price pressure as the pool of available tokens constantly shrinks, which will only accelerate as the project grows. Uniglo is ambitious, aiming for maximum scarcity in the shortest period of time. The first step on this mission is to burn all remaining tokens leftover from presale, which will instantly diminish the quantity of GLO. As a result, analysts are expecting a huge price jump following the launch.
Shiba Inu is the instantly-recognizable cute doggy token. SHIB shot to fame during the pandemic when Ethereum founder Vitalik Buterin sold off his significant holding of SHIB, which amounted to approximately 50% of available coins. The price of SHIB enjoyed a good rally following the burn, but since then, it has dedicated little effort to burning, with some holders complaining that more needs to be done to shrink the supply.
In 2017 Binance committed to burning half of the supply of BNB (approximately 100 million tokens) via its Auto-Burn feature, which uses a formula based on average prices, total blocks produced, and constant value to equate the burn rate. While it continues to burn, BNB still has far to go before reaching its target.
Uniglo’s burn rate far outstrips that of SHIB and BNB. Uniglo’s hyper-deflationary model will ensure that the Uniglo community is well rewarded – with the most significant gains set to be made by the earliest adopters. So buy your GLO before the presale ends, and the big burn event sends prices flying.
Join Presale: https://presale.uniglo.io/register
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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