Uniglo.io Upcoming Burn Event Could Skyrocket Launch Price, Why (GLO) Is The Hottest Ethereum Project Right Now

Introduction

The news of Uniglo's big burn event has been met with both enthusiasm and anticipation in the world of cryptocurrency. Uniglo is a brand new protocol ready to launch on Ethereum Network in November. The project is in its final presale phase, after which all remaining tokens will be burned. Statistically, as this will significantly impact the quantity of native token GLO available, this action will likely send the price of GLO moon-wards. Uniglo is one of the most exciting projects coming to market. Read on to find out more about this unique protocol and why you might wish to invest now.

Uniglo.io Burn Event

Let's discuss why Uniglo is such an attractive prospect for potential investors. Uniglo benefits from a specialized Ultra Burn mechanic, which sets ablaze 2% of every transaction, never to be seen again. As a result, GLO is fully deflationary, with an ever-shrinking supply pool of tokens to draw from. This is an invaluable characteristic in current times when traditional fiat is suffering from wildly spiraling inflation, significantly impacting both government finances globally and everyone's day-to-day balances.   

Although burning is intrinsically written into Uniglo systemically, there are other opportunities to burn that are user-led. The latest burn event was voted upon by GLO presale purchasers. The community decided overwhelmingly in favor of the motion, unsurprisingly, seeing as it will likely send the price of GLO flying. Holders may expect to vote to buy further GLO to burn and make decisions on what to place in the Uniglo Vault. The Vault can hold any asset: From digital options like cryptocurrency and NFTs to genuine treasures like antiques, fine art, gold, and collectibles. Anything that can be stored and will appreciate in value over time is on the table to be transferred to the Vault. The Vault is funded by the treasury, the cash for which is raised through buy-and-sell taxes. This means that the greater the community and the more GLO is traded, the greater the wealth of the Uniglo Vault for the collective to share. 

Conclusion

GLO has already seen intense hikes (55%) even during ICO, based on a flurry of interest and several whales weighing on. On-chain data shows that money is flowing in from all over, indicating that many investors are trading in alternative tokens for GLO. Now is the time to buy if you wish to engage with this popular project prior to the burn event. 

For More Information:

Join Presale: https://presale.uniglo.io/register

Website: https://uniglo.io