The launch of Uniglo.io is just around the corner, and the team is gearing up for a massive token burn that will propel the project into the Top 100, next to Curve and Helium. This is an enormous achievement for a relatively new project, underscoring the team’s commitment to delivering value to its investors.
What Is Uniglo?
The new asset-backed cryptocurrency GLO is rapidly approaching the end of its presale. It is the native cryptocurrency of Uniglo, a decentralized DeFi initiative that provides investors with safety and reliability.
Leading smart contract auditor Paladin has already audited the project. Additionally, it contains built-in mechanisms that address many investors’ concerns regarding the volatility of unbacked coins.
Uniglo’s secure cold storage facility GLO vault will hold all 15 of the most popular cryptocurrencies, NFTs, and digitized physical goods.
By incorporating physical assets, Uniglo investors can ensure that their funds are not being misplaced into potentially volatile digital ones, protecting its growth and GLO’s value. For GLO investors, it also implies potential rewards, as these asset classes come with a well-established track record of value growth.
The most exciting part of Uniglo’s functionality is its revolutionary in-built burning mechanisms. Every time $GLO is sold or bought, 2% of the amount exchanged is destroyed. Moreover, the protocol occasionally repurchases a portion of its native token from the market to lower supply when the market fluctuation hits. Finally, Uniglo plans to destroy unsold presale tokens, establishing a listing price of $0.0165.
Massive token burn at the end of the presale will demonstrate the team’s commitment to being open and honest with investors while prioritizing long-term growth above short-term gains.
Understanding Curve Fundamentals
Curve (CRV) is a decentralized cryptocurrency exchange designed exclusively for stablecoins. Curve provides DeFi investors with relatively low-risk passive income alternatives, such as yield farming and liquidity mining. A mathematical function guides Curve’s trading platform to facilitate stablecoin trades at the optimal price. This characteristic is called a bonding curve.
Other DeFi-based coins, such as the decentralized exchange Uniswap, utilize bonding curves too. However, In contrast to Uniswap’s bonding curve, which is concentrated on providing a wide range of cryptocurrencies, Curve is primarily concerned with stablecoins.
This implies that Curve’s bonding curve enables larger quantities of stablecoins to be traded with less price volatility.
Helium Overview
Helium is a network that links IoT devices using blockchain technology. The Helium network operates on a blockchain-based architecture with a proof of coverage consensus process and a proof of location system. The blockchain is linked by radio waves emitted by nodes using low-cost mining machines known as hotspots. The hotspots are available for purchase on the Helium website.
The Helium hot spots offer LongFi WiFi, which purportedly goes 200 times farther than a typical WiFi hot spot or up to 10 miles depending on environmental circumstances.
Helium’s value is defined by its utility, technical capacity, project relevance, and technology. Therefore, considering the innovation HNT brings to the DeFi market, it’s no surprise it ranks among the top 100 cryptocurrencies.
The Final Glance
After months of development, the Uniglo team is finally ready to launch their much-anticipated project on November 19, and with a massive token burn ahead, Uniglo will likely become the most exciting investment option. This is an enormous achievement for the team and the community that has supported them.
Learn More On Uniglo:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
