Are you in the process of curating your portfolio? Many seasoned investors already hold quantities of SHIB, XLM and AAVE, but many of these are also adding GLO to their wallets. Uniglo is set to launch on Ethereum Network very soon, read on to find out why now is the perfect time to get on board with GLO.
Uniglo has an exceptionally well-thought-out burning system, one component of which is the Ultra-burn mechanic. A small percentage of the transaction will be burned forever each time GLO is bought and sold. As the project grows in size and popularity, the burning rate will naturally accelerate in line with use. Why is this important? Traditional finance is inflationary, which means governments may print more money, which is bad news for many elements of the economy. However, if the pool of available tokens is always getting smaller, the token is deflationary, meaning the value will continually rise. This is usually great news for early investors, especially those who are able to snag a low price and hold tokens for a period of time during this price rise.
Shiba Inu is a well-known meme coin that found unexpected success. SHIB grabbed headlines during the pandemic when Ethereum founder Vitalik Buterin sold off his holdings, effectively burning 40% of the total stock. Since then, Shiba Inu has struggled, rather unfortunately, with a far slower burn rate.
Stellar was founded in 2013 by Jed McCaleb, one of the founders of Ripple. Stellar and Ripple offer similar services in general, but for different audiences: Ripple supports banking institutions, whereas Stellar supports access to low-cost banking services for everyday ‘unbanked’ people. Stellar is showing promise, having recently partnered with IBM, but needs greater adoption to flourish.
AAVE is a decentralized money market protocol that allows users to borrow or lend a variety of assets using their own assets as collateral. AAVE currently collaborates with over 30 businesses and is set to grow in parallel as it acquires further partnerships.
Extensive and continuous burning is key to underpinning token pricing. In the case of Uniglo, buyers may only need to hold for a short time to net gains: All of the remaining GLO leftovers from presale will be burned, meaning the amount of available GLO will be instantly and significantly cut. As a result, experts are predicting a sharp price rise. Therefore you can get on board before the launch on 19th November.
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