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Uniglo (GLO) Tokens Burning Mechanism Could Send It To A New Level With Big Cryptos Such As Polygon (MATIC) And Fantom (FTM)

Uniglo (GLO) Tokens Burning Mechanism Could Send It To A New Level With Big Cryptos Such As Polygon (MATIC) And Fantom (FTM)

The holy grail in crypto is to get in early on a project that’s bound to head up and to the right on the charts. Think projects such as MATIC and FTM. If you got in on those initial coin offerings, you probably made a killing. 

If a project could come up with a way to keep the price moving up and to the right after launch, then that puts early investors in an even better position. What makes a project bound to head up and to the right? Two things, actually — a shrinking supply and increasing demand. One of the adornments on that holy grail we mentioned is an eternally deflationary token. That means the circulating supply is continually dropping from day one. And an ever-increasing demand requires an ever-increasing value. 

A new DeFi DAO that launches in October has come up with a tokenomics that just might do the trick. It’s called Uniglo (GLO). The purpose of the DAO is to build up a massive, ever-growing treasure trove of digital assets including crypto and NFTs, and also tokenized real-world assets which could be anything from gold, to real estate, to rare collectibles. 

Once the project launches there will be two burn mechanisms in play — one automatic and one voted on by the community (GLO holders). First, 2% of all aftermarket sales of GLO is automatically burned. This constantly reduces the circulating supply. In fact, the more volatile the crypto market, the faster the circulating supply of GLO will fall. On top of that, if the community decides the price needs a kick it can vote to buy GLO tokens back off exchanges and burn them. So we have our eternally deflationary token. (Not even BTC or ETH can make that claim.)

What about rising demand? The thing that makes demand rise for any cryptocurrency is the perception of its value compared to its price. Here’s where things get interesting.

In order to take part in the Uniglo DAO, you have to buy GLO. Every time someone joins the fray the smart contract automatically sends 5% of their stack into the treasury. And every time someone sells GLO, they must leave 5% behind in the treasury. This means capital is constantly flowing into the treasury and never coming out. As with the supply, the more the market swings, the faster the treasury grows. Of course, early on, the treasury will be small, but like a rocket taking off it will grow slowly at first but eventually achieve escape velocity.

As you can see, this tokenomics setup greatly favors initial investors — that is those who “get it” early on and get in. And we all know the best time to get on board a project is prior to its launch. The simplicity of this system gives Uniglo a real shot at mass adoption in the coming months, years, and decades. If we see mainstream acceptance of this strategy, even a small investment prior to launch could turn into a nice retirement nest egg in the coming years and decades. And you can take part in the Uniglo.io initial coin offering between now and October 15th for less than two cents a pop. 

Learn more here

Join Presale: https://presale.uniglo.io/register 
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1




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