The last three months have not been very good for cryptocurrency investors. Most cryptocurrencies suffered losses and price dips, and a few even faced total collapse. However, the market may finally be on its way to rebuilding. And the rubble, a new decentralized player called Uniglo (GLO) is giving a lot of hope to investors who have had it with speculative digital assets. This new project is gaining so much attention, including loyal advocates and users of Avalanche (AVAX) and Binance Coin (BNB).
Uniglo (GLO)
The new project is called Uniglo, which is built on top of Ethereum. Its native token is called GLO, which is the subject of an ongoing, live Phase 2 Presale. The Uniglo project is gaining so much traction in the market because of two key functions: first, it creates a Uniglo Community Vault that is designed to house a range of digital currencies and digitized assets that will serve as the foundation for the GLO token. Second, the project will also implement a unique token burn process, coined as the Ultra-Burn Mechanism. This mechanism is not only designed to buy back tokens from the secondary market but to burn those tokens as well, ensuring a continuous system for benefiting GLO holders.
Avalanche (AVAX)
Uniglo is attracting attention from Avalanche (AVAX) investors who are interested in growing their holdings. Avalanche is a well-known smart contracts platform that is regarded for delivering a time-to-finality far superior to that of Ethereum. Launched in 2020, the Avalanche platform quickly became one of the top alternatives to Ethereum. The price of AVAX, however, has been going up and down, especially during these bearish times. As of this writing, AVAX is trading at $20.20, which is a sharp drop from the $30-price it reached during the first week of August. Hence, AVAX holders are seeking a stable addition to their investment portfolio.
Binance Coin (BNB)
Binance Coin (BNB) is relatively stable and reliable but similar to what is happening with AVAX holders, BNB holders are also interested in broadening their opportunities for gain. They see such an opportunity with Uniglo. BNB holders have recently been seen bridging to Ethereum to be able to accumulate GLO tokens. This is saying a lot, as Binance Chain is a major platform, cryptocurrency, and exchange in the market. It is the main chain for many well-known digital currencies and digital assets, and it supports decentralized money markets, NFT markets, and token swaps, among others.
Final thought
Members of the Avalanche (AVAX) and Binance Coin (BNB) ecosystems are ready to join the Uniglo community. The new project is on Phase 2 Presale and still has room for new investors of any background and experience.
For more information:
Join Presale: https://presale.uniglo.io/register
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