Uniglo.io Already Up 55% With Way More Upside Waiting According To Cardano And Aave Whales
The post Uniglo.io Already Up 55% With Way More Upside Waiting According To Cardano And Aave Whales appeared on BitcoinEthereumNews.com. The market has been undeniably challenging of late, yet select projects have been bucking this trend, indicating promising investment...
The market has been undeniably challenging of late, yet select projects have been bucking this trend, indicating promising investment opportunities. Namely, GLO has outstripped already high expectations. The price is increased algorithmically based on demand over time, demonstrating just how popular the uptake of this token has been.
Uniglo is a brand-new cryptocurrency built on the Ethereum blockchain with a multi-asset-backed token called GLO. GLO is sustained by treasury backing and the ‘GLO Vault,’ which utilizes short and long-term strategies to fuel growth. Unlike other protocols that support a token with crypto assets, Uniglo tokenizes more traditional investments such as fine art, rare coins, or classic cars. Gold is also held in the vault, with digitized fractionalized gold assets backed by the physical version of the precious metal itself. GLO price is also boosted by its specialized ‘Ultra Burn’ mechanic: This feature uses part of the profits to buy back and burn GLO tokens, raising GLO’s floor price and value. With ‘GLO Vault’ and ‘Ultra Burn’ working in tandem, experts expect to see further positive price action ahead for Uniglo.
Cardano is a decentralized platform already well-established in the cryptocurrency industry. While Cardano is a mature project, it continues to release new developments, such as the Daedalus wallet last year, notable for its heightened security features. Such advancements keep Cardano relevant in a competitive field and support the price of ADA.
Aave was founded in 2017 as ETHLend, then rebranded in 2018. Aave translates as ‘ghost’ in Finnish, a nod to the team’s strong alignment towards transparency and open infrastructure. It has been audited 13 times in the past four years, ratifying these claims. Aave has collaborated with more than 30 companies in the past and continues to build new business partnerships.
Those holding large amounts of ADA and AAVE appear to be buying up the GLO presale, as shown by its massive price movement. If you feel you would also like to add GLO to your portfolio ahead of further preempted rises, the presale is still available (limited allocation permitting).
Join Presale: https://presale.uniglo.io/register
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