+25% Price Increase on Uniglo.io (GLO) Sparked by KYC, Whales Rotating Recent Profits from Avalanche (AVAX) and Ethereum Classic (ETC)

+25% Price Increase on Uniglo.io (GLO) Sparked by KYC, Whales Rotating Recent Profits from Avalanche (AVAX) and Ethereum Classic (ETC)
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As cryptocurrency finally appears to be shaking off the hold of the bears, a new DeFi project is emerging amidst the noise. Uniglo.io is a newcomer to the crypto space that just gained 25% during the very first week of its presale. The new project recently completed the first portion of its Know Your Customer (KYC) security measures as undertaken by virtual currency consultancy Coinsult.

Uniglo.io (GLO)

Uniglo.io is a novel social currency that merges two forces: 1) asset backing and 2) an idiosyncratic deflationary model called the Ultra-Burn Mechanism. The combination of these two functions could result in serious earning potential. It also offers a natural appreciation of the GLO token and the value of the assets backing it.

With the recent completion of the first leg of a KYC certification, Uniglo.io is on its way to becoming the ultimate Secure Asset Fund for Users (SAFU) project. With new developments on the horizon for Uniglo.io, investors who are getting in early with the GLO token could receive massive rewards in the long term.

Avalanche (AVAX)

Whales have been gaining some profit with Avalanche. During the final week of July, the price of AVAX jumped 33%, reaching a new high of $26.36. New developments are afoot with Avalanche including the Web3 reboot project of the streaming platform Gamestar+. Dragon Crypto Gaming is also expected to launch an initial DEX offering via the Avalaunch Launchpad. With these developments, Avalanche is elevating its status within the GameFi sector.

Ethereum Classic (ETC)

Ethereum Classic is a computer program that handles smart contracts. As Ethereum shifts to a proof-of-stake consensus, abandoning its proof-of-work model, Ethereum Classic is in a key position to keep a connection with the past. Co-founder of Ethereum, Vitalik Buterin, recently said during an event that those who prefer proof-of-work can always switch to the Ethereum Classic network. As Ethereum Classic benefits from this statement, ETC whales are also mobilizing some of their wealth into Uniglo.io.

The bottom line

As whales generate a profit with AVAX and ETC, they are looking for new opportunities to grow their gains exponentially. And one way they are doing that today is by investing in Uniglo.io.

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