“UItra Burn” Is One Of The Many Features At Uniglo’s (GLO). Invest In It First, And Don’t Miss Out As You Did With Shiba Inu (SHIB) And Tron (TRX)
The post “UItra Burn” Is One Of The Many Features At Uniglo’s (GLO). Invest In It First, And Don’t Miss Out As You Did With Shiba Inu (SHIB) And Tron (TRX) appeared first on Coinpedia — Fintech & Cryptocurreny News Media| Crypto Guide
You can’t go wrong by keeping an eye on Uniglo if you’re looking for the next great cryptocurrency. One of the numerous qualities that make Uniglo a worthwhile investment is its “Ultra Burn” capability. Here are some reasons you shouldn’t pass on this chance like you probably did with Tron (TRX) and the Shiba Inu (SHIB).
Uniglo’s (GLO) “Ultra Burn” Feature
Uniglo (GLO), a revolutionary and hyper-deflationary social currency developed on Ethereum Chain, impresses crypto enthusiasts with its unique, one-of-a-kind Ultra-Burn feature, which includes burning 2% of each $GLO transaction. Looking at a larger picture, 2% of millions
of everyday transactions gives Glo Foundation confidence to call the mechanism a successful approach for reducing supply and rising prices.
Additionally, Uniglo’s Ultra-Burn tool buys back $GLOs from the secondary market and burns them. The second approach is connected to Uniglo’s unique, real-world asset-backed vault.
This vault is funded by a 5% tax that also applies to each $GLO transaction and is dedicated to generating higher profits from them. The greater revenues Uniglo generates from the vault, the more $GLOs will be burnt. Therefore, the higher the price gets.
Uniglo entered its presale mode on July 15, and thanks to its unique features and certified protocol, the price of GLO has already increased by 25% ( $0.0125 per $GLO).
Tron is an ecosystem that provides various DeFi services and is noted for its emphasis on content. As a result, it appeals to authors who wish to eliminate the oversight common of centralized content development and delivery platforms.
Tron’s use case has historically been decentralized file storage and content sharing. Tron is currently working on integrating a stablecoin ecosystem into its Layer-1 network. This is certain to boost the coin’s potential applications and demand significantly.
The value of TRX is programmed to remain fixed to one U.S. dollar. When the price falls below, TRX holders can purchase them at a discount, and when the price soars, they can be converted back into TRX. The more stablecoins that the platform mints, the greater the demand for TRX should be.
In 2018, TRX achieved an all-time high of $0.3, leaving thousands of early investors with million-worth of profits and others distraught for missing the opportunity.