Pulling off a successful Initial Coin Offering (ICO) is no easy feat, but Uniglo.io (GLO) seems to be an exception, as the price has already surged by 55% during the presale.
Set to launch on November 19th, 2022, analysts are confident it will list higher than Stepn (GMT) and Trust Wallet (TWT). So, here’s what you need to know about this up-and-coming token.
Uniglo.io (GLO)
Uniglo (GLO) is a community-driven project aiming to tie its GLO coin’s value to a wide range of top cryptocurrencies. All community-acquired assets will be kept in a Uniglo Vault, including non-fungible tokens and other digitally preserved tangible goods. This method is one of the driving forces behind Uniglo and its approach to decentralization.
Uniglo’s hyper-deflationary token model is made possible by the dual burning mechanism, which increases the $GLO token’s rarity and worth. The Uniglo community will periodically purchase a certain amount of GLO tokens from the open market to remove them from circulation. Meanwhile, additional burning will account for 2% of all buy and sell transactions.
Acquiring GLO tokens during the presale costs only $0.0145 now and expires in the middle of November. Uniglo’s tokenomics significantly benefit early adopters, notably ICO investors, because of the entry price.
Also read – Fresh Projects Like Uniglo.io Will Likely Flip Outdated Projects Like Maker And CurveDAO
Stepn (GMT)
Stepn (GMT) is a decentralized application built on the Solana blockchain. This lifestyle software, which rewards users for exercising, shows how Stepn may integrate the real and digital worlds.
It is a hybrid of play-to-earn game and fitness software. Users who purchase a pair of NFT shoes are rewarded for jogging, walking, or running in the native GMT coin. In addition, Stepn offers customers cash incentives to exercise.
However, Stepn has been harmed by the current market circumstances. The floor price for the NFT shoes has dramatically decreased, showing no signs of recovery.
Trust Wallet (TWT)
The Trust Wallet token, or TWT, is a simple BEP-20 utility token that provides benefits and incentives to Trust Wallet users. The Trust Wallet mobile cryptocurrency wallet supports hundreds of well-known native assets and tokens on the Ethereum, Binance, and TRON blockchains.
TWT token owners benefit significantly from using Trust Wallet, including price reductions on in-app cryptocurrency purchases and access to decentralized exchange services. TWT holders have the opportunity to vote on suggestions for Trust Wallet updates and take part in governance.
However, even if initiatives like Trust Wallet (TWT) are beneficial to the crypto space, the question is whether it is suitable for a broad audience or not. The market for cryptocurrency wallets is already crowded with so many options. So, no one can predict which one will remain profitable in the long run.
Also read – As Uniglo.io Presale Price Is Pushed Up By Demand, The Ethereum Merge Is Bullish For DeFi
The Bottom Line
As it appears, Uniglo.io (GLO) is shaping into a heavy competitor in the cryptocurrency market. The team has worked hard to build a strong foundation, has the community’s support, and is ready to overtake GMT, TWT, and many other industry-famous firms.
Learn More About Uniglo:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
