Uniglo (GLO) is a brand-new project in the decentralized finance (DeFi) sphere. Before this new project started the first phase of its presale last July 15, not many people knew about it, much less those who believed or understood its potential for growth. Some people might have doubted what exactly Uniglo was capable of, but now that the project has reached Phase 2 Presale, those doubts have slowly dissipated. Things are heating up for Uniglom and holders loyal to more established cryptocurrencies such as Binance Coin (BNB) and Avalanche (AVAX) are finally waking up to the potential of Uniglo.
Optimistic Presale Activity for Uniglo (GLO)
What is Uniglo? It’s a new social currency defined by the creation and management of a special treasury that is backed by multiple assets. The project’s native token GLO will therefore be underpinned by a collection of digital currencies and digitalized assets such as digitalized gold and rare non-fungible tokens (NFTs). In other words, the GLO token will not bank its growth in popular opinion and speculation but will leverage the potential for a range of assets to appreciate and remain stable over time. Indeed, Uniglo will reward those who are interested in the long game.
Many people are now seeing the potential in Uniglo. During the first week of Phase 1 Presale, the GLO token surged 25%. Now during Phase 2 Presale, the token continues to grow in value and popularity among different kinds of prospective investors, including Binance Coin (BNB) and Avalanche (AVAX) holders.
The burning mechanisms of Binance Coin (BNB) vs Uniglo
Binance Coin (BNB) is one of the strongest and most stable digital currencies in the world. Its holders are loyal to it because of its wide range of applications that span beyond being a tradable cryptocurrency. BNB is the native token that powers the great BNB Chain ecosystem.
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One reason that BNB holders are attracted now to Uniglo is because of the importance the latter places on the token-burning process. Uniglo introduces an idiosyncratic Ultra-Burn Mechanism intended to buy back GLO tokens from the secondary market and remove them from circulation forever. This mechanism is designed to benefit long-term GLO holders. In the same way, the Binance Chain conducts its Auto-Burn system each quarter to limit the total supply of BNB to 100 million.
Avalanche (AVAX)
AVAX holders in the Avalanche network are vast. Avalanche is a smart contracts platform for decentralized applications that is home to several projects. It claims to be the best verifiable platform and, as such, a wide range of developers and users including individuals, enterprises, institutions, and governments are attracted to use it. It also does not hurt the Avalanche has an exceptional transactional throughput that beats Ethereum and Polkadot.
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Two things that AVAX holders aim for, and which they also see in Uniglo, are diversification and control, which help to maximize the potential of their holdings to grow.
Final takeaway
Binance Coin (BNB) and Avalanche (AVAX) holders are just waking up to the growth potential of Uniglo. Potential investors need to get into the Uniglo community early before the GLO tokens run out or before the presale period is over.
Learn 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
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