If you have been in the crypto space for a while, you already know the importance of a strong community. In a nutshell, it is an essential aspect of any blockchain project looking to build trust and a sense of involvement. Some great examples include Binance and Fantom ecosystems, where the community has played a significant role in shaping the future.
Not lagging far behind is an upcoming community-focused platform, Uniglo, which has garnered plenty of attention from Binance and Fantom communities. A recent spike in its presale demand can be attributed to a new approach in the crypto sphere. By developing a stable asset class, Uniglo aims to balance growth with speculation and benefit the community in the best possible way.
What makes Uniglo unique?
Given wild market fluctuations in 2022, there was a need for a cryptocurrency that is immune to volatility. Uniglo aims to fill the gap by introducing innovative tokenomics and burn mechanisms. For every GLO trade on the network, a 5% tax will be applied to boost the treasury. These funds will be used to acquire and store tangible and intangible assets in a dedicated Uniglo vault. It will not only help create a stable floor price but also provide every user a chance to own a slice of the pie.
The highly secure vault addresses will be open to the public and anyone can access them to see what Uniglo as a community holds. From digital currencies and digitized gold to rare NFTs and collectibles, the treasury will have every possible asset to maintain the inherent value of the GLO token.
Besides backing, long-term appreciation will be achieved through token burns. 2% on each transaction will be taken out of circulation, thus ensuring a lesser and lesser supply of tokens. This scarcity will create unmatched demand, which in turn, will push the prices up. The community will also partake in decisions related to asset utilization, scheduled burns, and the best use of profits to benefit token holders.
As we head for the launch in November, Uniglo seems to be a great bargain for investors at this presale price. It would be interesting to see how it performs as soon as it is ready to be traded on exchanges!
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.
Was this writing helpful?