Breaking news: Hot new project Uniglo recently announced a major burn event, sending demand skyrocketing in just a few hours. Analysts were previously predicting a sizable price hike following the launch, the estimates of which have now significantly risen. Uniglo has already performed admirably during the presale, with a 55% jump in value based on increased demand. Take note: Presale ends soon, and this news may consume the remaining allotment.
Uniglo.io Burn Event
Uniglo is one of the latest Ethereum-based protocols to hit the market and is making quite a splash. The developers describe it as a social currency: a community-driven democracy in which the holders make key decisions about the project’s direction, especially regarding what to buy and burn. The team is already listening, with current members voting overwhelmingly to burn the remaining stock of tokens on launch. In addition to polling decisions, Uniglo benefits from an Ultra-Burn mechanic, which removes 2% of GLO from every transaction from circulation forever. This keeps GLO deflationary, as the pool of available tokens is ever-diminishing, with such rarity underpinning the price.
Fantom Holders Buying In
Our data suggest that Fantom whales are among those purchasing vast quantities of GLO. Blockchain information traces transactions back to Fantom holders. Fantom is a well-known and highly-regarded network that uses EVM, Ethereum Virtual Machine, to run smart contracts. Fantom aims to provide compatibility between all transaction bodies globally, inclusive of real-time sales and data sharing.
Conclusion
Early investors will likely be the best-rewarded when we look back at Uniglo’s trajectory in years to come. Uniglo is currently living up to its hype, and this vote to burn all unsold tokens will definitely stoke that fire. The presale is coming to an end shortly, therefore if you wish to join the horde of Fantom investors, act now to secure your stake. If the limited presale sells out, this will be bullish for GLO as it will prove that their presale was a complete success. Regardless, the massive GLO burn is a fantastic kick-start to Uniglo’s journey. Together, we GLO.
Learn more:
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.
Follow us on Twitter @thevrsoldier to stay updated with the latest Metaverse, NFT, A.I., Cybersecurity, Supercomputer, and Cryptocurrency news!
