In the grand scheme of things, DeFi and crypto are still relatively new. While they have made tons of technological advances in a few short years, there’s still plenty more to come. New crypto projects help redefine the landscapes from time to time, and add even more potential to the wider crypto ecosystem. A couple of coins that have made massive strides over the last couple of years are Uniswap and Shiba. These tokens have had a huge impact on the crypto scene for a number of reasons. But there’s one new token that has the potential to surpass their achievements, and could help redefine DeFi for an even brighter future. That token is Uniglo. It’s got incredibly burn tokenomics and a ton of strong technology. Let’s have a look at why more and more people are talking about GLO right now:
Uniglo introduces a unique dual-burn mechanism to help limit supply and continue to become more scarce over time. A small sales tax is charged on all transactions in GLO. Some of these funds are pooled into the GLO vault which creates an asset-backed store of value. Some tokens are burned when transactions take place, to help solidify supply. More tokens are burned when the platform buys-back currency over time, increasing the scarcity. And it’s these innovative tools that make Uniglo completely deflationary. A true store of value, with a gold standard that actually includes gold (alongside other diversified assets).
This means GLO is completely deflationary, and has a solid price that isn’t prone to over speculation or price dumps. It’s also completely community-driven with DAO votes on all major decisions. GLO solves key issues in both the crypto and regular fiat worlds. That’s why the future could be massive for GLO.
Uniswap helped revolutionalize the DeFi space by giving people an easy platform to earn, stake and swap tokens across multiple blockchains. It’s still the biggest swapping platform out there, and should continue to be so for the foreseeable future.
Shiba Inu (SHIB)
Shiba also made a ton of noise recently by surging up the charts even while many considered it a memecoin. And since then, they’ve continued to burn tokens as well as give holders passive income opportunities, providing a stronger fundamental base than just rampant price fluctuation. But they also showed the power of marketing in crypto, and how useful this can be as a tool for success—especially pioneering a strong social media presence. Many other crypto projects are taking note of the successes Shiba was able to achieve in the marketing space.
GLO has a ton of potential to redefine the DeFi space, just like SHIBA and UNI once did.
Find Out More Here:
Join Presale: https://presale.uniglo.io/register
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.