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Uniglo just wrapped up its presale and is set to launch officially on November 19. The project has caused excitement among holders of its native token, GLO, as they gear up for sky-rocketing value in the coming days.
The Uniglo ecosystem has gained popularity for its community-centric approach, building its framework to offer high value to the members. Already, the GLO token is up 65% and is expected to go higher when the token launches. This well-timed launch amid a crypto meltdown has also grown the Uniglo community as investors seek more viable projects.
Uniglo is creating the first-ever social currency backed by multiple assets to offer real value and utility to the $GLO token. The protocol's vault comprises digital assets, rare NFTs, and tokenized real-world assets to back $GLO's value. This multi-asset backing buffers the token's value against volatility and limits the exposure to risks like the recent collapse of the FTT token.
Also, Uniglo has a unique token burn mechanism that makes $GLO a hyper-deflationary token. The burning model rapidly cuts the supply of $GLO to induce even more demand for the crypto. To illustrate, when it launches, the project will burn all the remaining presale tokens. As a result, the value of $GLO gradually increases its scarcity over time.
Uniglo is the pinnacle of community ecosystems. The platform is built on the secure Ethereum blockchain, with multiple layers of redundant and aggressive asset protection measures. The project's architecture is designed to fend off market volatility and ensure $GLO's value surges.
Uniglo's community plans to reinvest earnings and add more assets to the Uniglo Vault while spending part of the profits accrued to buy back and burn $GLO from the circulating supply. Overall, the project maintains high performance while maximizing returns for the community.
Uniglo and Shiba Inu are similar in some ways. Both projects are community-driven and decentralized. A stark contrast between Uniglo and Shiba Inu is the approach to token supply. Viewing from the recent crypto trends, an oversupply of tokens hampers its value, especially when demand falls during bearish markets.
From the onset, Uniglo has demonstrated its potential to be a top project owing to its hyper-deflationary mechanism. The project's unique model sets it apart from the rest, even Shiba Inu, as it ensures $GLO remains steady in volatile markets. During the presale, the token surged from $0.01 to $0.0155 and will sell at $0.0165 when it launches.
While $SHIB is a top token, its growth has plateaued and may even start dipping owing to the token supply. $GLO, on the other hand, has kept a steady form and looks set to soar higher.
Uniglo has had a very successful presale session. Its launch is just in time for a stunned community of traders who have endured massive losses from the crypto downturn.
Top traders have picked $GLO as a must-have token as markets rebound from the collapse. The project's security, coupled with high yields, makes it the go-to profitable project for any investor.
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
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