Have you heard of Uniglo yet? This hot new project is grabbing investors’ attention with its ingenuity, ease of use, and smart action: Uniglo’s latest announcement that all remaining tokens leftover from the launch are to be burned has been met with great enthusiasm by holders. This is unsurprising, as typically mass-burn events create major upwards price pressure. Read on to learn more about Uniglo and how to get involved before the launch.
Uniglo.io Burn Event
Uniglo is the very first multi-asset backed treasury led by its community. Holders of native token GLO are eligible to vote on key decisions regarding the direction of the project, such as whether or not to burn on launch. Voters also must decide what to hold in the Uniglo Vault. The Vault is designed to contain all kinds of assets, from the usual cryptocurrency and NFTs, to more exotic, tangible choices like fine art, classic cars, collectibles, and precious metals. Anything that can be held for profit is on the table. Most people would never have the opportunity of capital to access the riches of the Uniglo Vault, but by pooling cash together in the treasury, the Uniglo community has immense buying power, and everyone is entitled to a slice of the profit it will inevitably generate. With a bear market underway, the Vault is set to reap great rewards in time.
SHIB and BNB Burns
Shiba Inu (SHIB) is a cuddly meme token with a strong fanbase, available on most exchanges. Early adopters made massive gains after half of the tokens were burned by one holder: Ethereum founder Vitalik Buterin. Since then, the token has suffered painfully low burn rates and will never see burning on the same scale again.
Binance Coin (BNB) was also up against slow burn. Changpeng Zhao introduced a real-time burning mechanism (BEP-95), which burns a portion of gas fees to counteract the inflation damage. Quarterly burns were replaced by BNB Auto-burn, anchored by BNB price and the number of blocks generated on BSC (per quarter). Needless to say, white effective, these measures bring nowhere near the level of burning expected from the Uniglo burn event.
Uniglo is set to launch on Ethereum Network next week: time is running out. Act fast if you want a piece of GLO before the big burn event sends prices skywards.
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