Gigantic burn on launch set to send Uniglo.io into the top 100 alongside Klaytn and Maker
As the crypto industry looks to continue its growth and adoption in 2022, several new projects are launching that could significantly impact the space.
Uniglo.io is a new social currency set to get listed on Uniswap on November 19 with a massive burn of leftover presale tokens. This move will raise prices and propel the project into the top 100 alongside Klaytn and Maker.
Since mid-July, Uniglo has been gradually gaining pace, with a dedicated network of supporters excited for the project’s success. The Uniglo team has been diligently working to ensure that the ICO satisfies all regulatory standards and is on pace to debut in the fourth quarter of this year.
Uniglo is a social-currency initiative featuring an asset-backed vault that acts as a mutual fund and supports $GLO tokens to hedge against inflation when the market dips.
Uniglo is also a DAO with a fair voting system that allows its users to make critical protocol development decisions. The community just decided to burn all leftover tokens from the presale, which will undoubtedly increase the price.
GLO had already shown excellent performance, rising 55% in response to demand even before Uniglo announced the burn event. The presale concludes on November 15. Therefore, the clock is ticking to grab GLO at the most favorable moment before its price soars even more.
The scheduled presale burn is the culmination of a long and arduous journey for the Uniglo team, working tirelessly to get the project off the ground.
KLAY is a cryptocurrency developed by Kakao, a South Korean internet firm. It is based on the Ethereum blockchain and uses the ERC-20 token standard. Kakao created the KLAY token to utilize its app ecosystem. Users might use KLAY to pay for products and services on Kakao’s marketplace or tip content producers.
Massive token burning was one of the main factors in Klaytn’s earlier success. Consequently, from June 1 to June 30, 2022, over 356,000 KLAY were burnt in total.
Kakao has undoubtedly put a lot of work into Klaytn’s sophisticated but durable design. With solid support from Kakao and its subsidiaries, KLAY has the potential to become the most renowned cryptocurrency in South Korea.
Maker is a decentralized autonomous organization based on Ethereum that allows anybody to lend and borrow cryptocurrency without requiring a credit check. For this, the network combines advanced smart contracts with a stablecoin that is uniquely pegged.
Although Maker did not depend on token burns to enhance its value, its unique business strategy helped the project to thrive in its distinct sectors. MKR Holders control this protocol. More precisely, they can change the risk tolerance, acceptable collateral assets, and savings rate.
It’s been an eventful journey for Uniglo, and it looks like it will only get more exciting from here on out. The launch with a massive burn is a significant milestone for the team, and they are confident it will put the project in a solid position to compete with the likes of Klaytn and Maker.
For More About Uniglo:
Join Presale: https://presale.uniglo.io/register