Investors must recognize the importance of value accrual mechanisms and tokenomics when selecting investments. A new Ethereum-based social currency, Uniglo.io, delivers both. An announcement of an extreme token burn could push the protocol token GLO into double-digit territory, overshadowing Polygon and Binance Coin gains.
Uniglo.io
Uniglo represents a novel financial service, and Business2Community has already listed this project as one of 2022’s best investment opportunities. The protocol introduces the digital asset standard. Digital assets value-back the native token GLO. These assets give GLO an intrinsic floor price and mean that ownership of GLO exposes investors to a diverse collection of assets.
Buy and sell taxes fund asset acquisitions, and this revenue stream compounds value for investors. This protocol turns investors into owners by holding a collection of assets in the Uniglo vault, including luxury physical goods such as real estate and fine art tokenized in NFT format. Asset ownership, tried and tested by history, remains the best way to capture purchasing power over extended periods. And Uniglo perfectly blends growth speculation and wealth preservation to deliver a long-term store of value.
Polygon
Polygon represents a plethora of blockchain solutions for improving the scalability of Ethereum. Its flagship product was the Matic Proof of Stake (PoS) sidechain that runs parallel to the Ethereum network and allows investors to bridge funds between the two thanks to the Polygon PoS bridge. Recently the developers have positioned Polygon more toward the ZK Rollup approach to solve scalability issues. However, newer layer two scaling solutions built on Ethereum have consumed Polygon’s market share.
Binance Coin
Binance Coin, or BNB, is the native token for the Binance Smart Chain (BSC). Every transaction on the BSC network requires BNB to pay the gas fees. This demand has seen BNB appreciate nicely over the years, but recently investors passionate about decentralization have pushed back against the BSC. A bridge exploit saw millions of dollars drained, highlighting security flaws, but Binance’s response to pause the chain showed the true centralized nature of the BSC.
Closing Thoughts
Polygon and Binance Coin already have significantly large market caps making explosive growth nearly impossible. Uniglo’s smaller market cap enables it to experience violent growth. With a constantly reducing total supply, GLO will soon be scarce on the open market: the supply curve demands an increasing valuation as supply dwindles.
Find Out More Here:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
The post Extreme Token Burn Could Propel Uniglo.io Into Double Digit Territory, Overshadowing Polygon And Binance Coin appeared first on Analytics Insight.
Investors must recognize the importance of value accrual mechanisms and tokenomics when selecting investments. A new Ethereum-based social currency, Uniglo.io, delivers both. An announcement of an extreme token burn could push the protocol token GLO into double-digit territory, overshadowing Polygon and Binance Coin gains.
Uniglo.io
Uniglo represents a novel financial service, and Business2Community has already listed this project as one of 2022’s best investment opportunities. The protocol introduces the digital asset standard. Digital assets value-back the native token GLO. These assets give GLO an intrinsic floor price and mean that ownership of GLO exposes investors to a diverse collection of assets.
Buy and sell taxes fund asset acquisitions, and this revenue stream compounds value for investors. This protocol turns investors into owners by holding a collection of assets in the Uniglo vault, including luxury physical goods such as real estate and fine art tokenized in NFT format. Asset ownership, tried and tested by history, remains the best way to capture purchasing power over extended periods. And Uniglo perfectly blends growth speculation and wealth preservation to deliver a long-term store of value.
Polygon
Polygon represents a plethora of blockchain solutions for improving the scalability of Ethereum. Its flagship product was the Matic Proof of Stake (PoS) sidechain that runs parallel to the Ethereum network and allows investors to bridge funds between the two thanks to the Polygon PoS bridge. Recently the developers have positioned Polygon more toward the ZK Rollup approach to solve scalability issues. However, newer layer two scaling solutions built on Ethereum have consumed Polygon’s market share.
Binance Coin
Binance Coin, or BNB, is the native token for the Binance Smart Chain (BSC). Every transaction on the BSC network requires BNB to pay the gas fees. This demand has seen BNB appreciate nicely over the years, but recently investors passionate about decentralization have pushed back against the BSC. A bridge exploit saw millions of dollars drained, highlighting security flaws, but Binance’s response to pause the chain showed the true centralized nature of the BSC.
Closing Thoughts
Polygon and Binance Coin already have significantly large market caps making explosive growth nearly impossible. Uniglo’s smaller market cap enables it to experience violent growth. With a constantly reducing total supply, GLO will soon be scarce on the open market: the supply curve demands an increasing valuation as supply dwindles.
Find Out More Here:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
The post Extreme Token Burn Could Propel Uniglo.io Into Double Digit Territory, Overshadowing Polygon And Binance Coin appeared first on Analytics Insight.