The biggest blockchain platform in the world, Ethereum has gone through a fundamental change that will impact its speed, scalability, and gas fees. The transition from proof-of-work consensus to a proof-of-stake mechanism is expected to be a game-changer for the DeFi space.
What is driving the demand for Uniglo?
The year 2022 has shown us what the bloodbath looks like after a heated bull market. It has been absolute carnage with the market biting the dust. Extreme volatility and whipsaw action took everyone by surprise. Entry-level investors who bought the dip in hopes of reversal are still waiting to square off their positions.
In a bid to fight market fluctuations and bearish conditions, Uniglo developers came up with an idea to create a stable asset class backed by tangible and intangible assets. The inherent value of the token will be maintained by a dedicated treasury vault, funded through a 5% tax on each GLO trade. Furthermore, the profits generated by the protocol will be used to purchase assets for the welfare of the community.
Also read – Uniglo.io, Tokenize Xchange, And Nexo Will Rocket In Bull Market Don’t Get Left Behind
Besides the vault, there’s an ultra-burn mechanism in place to ensure a sustained increase in the token price over a long period of time. 2% of each GLO transaction will be sent to a burn address, Uni Abyss, with unknown private keys. Also, the profits accumulated from high-appreciating assets will be invested towards buying tokens and taking them out of circulation.
All these factors combined point to an upside move for the token ahead and beyond the launch. Presale is undeniably the best time for smart investors to fill up the bags, and hence we are witnessing an outsized demand for Uniglo.
Find Out More Here
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
