Burning tokens is a common practice in the cryptocurrency market. However, the new decentralized project Uniglo.io (GLO) takes it a step further by implementing a dual-burn process called Ultra-Burn Mechanism. After its initial coin offering (ICO), the Uniglo.io project plans to conduct a massive burn that will completely and permanently remove millions of GLO tokens from circulation. The possibility for gains is enormous, and Dogecoin (DOGE) and Big Eyes (BIG) holders are making sure they have their share of GLO ahead of everyone else.
Uniglo.io (GLO)
Based on the Ethereum chain, Uniglo.io offers one of the most stable and promising tokens in the crypto market to date. Currently, the project is in its presale phase. However, the ICO is nearing its conclusion, and many crypto investors are lining up their investment picks to make room for GLO tokens.
Uniglo.io has a decentralized autonomous organization (DAO). As such, the community has a say in the direction of the social currency’s growth. Moreover, the DAO controls the asset selection for the Digital Asset Vault, which stores a wide range of digital assets to back the value of GLO.
The project introduces a special feature called the Ultra-Burn Mechanism, which implements a standard token burn for every transaction within the Uniglo.io network. It also utilizes profits from the Vault to buy back and burn GLO tokens from the market. The mechanism fuels the value of the native token and sets the bar high for the presale performance of Uniglo.io.
Dogecoin (DOGE)
GLO is attracting investors over at Dogecoin (DOGE). Launched in 2013, Dogecoin was the first peer-to-peer meme coin to use blockchain technology. Unlike other cryptocurrencies, the supply of DOGE tokens is uncapped. Therefore, miners can collect an unlimited number of DOGE tokens either on their own or by participating in a mining pool. Its hip community is brought together by memes and internet jokes, with users on Reddit and Twitter being rewarded for creating entertaining content.
Big Eyes (BIG)
Uniglo.io is also attracting investors from Big Eyes, which is a new meme coin that features cat-themed NFTs. The platform’s founders strongly support ocean conservation, carbon footprint reduction, and making education more accessible. It plans to donate five percent of its token supply to charitable organizations that support similar causes. Unlike many other meme coins, Big Eyes does not have a buy or sell tax, which incentivizes people to transact using BIG.
The bottom line
Burning millions of GLO’s total supply can propel the token price to a new all-time high.
As holders of coins like DOGE and BIG consider adding more GLO to their collection, investors who want a healthy crypto portfolio should not miss out.
Learn More Here:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!
The post Could burning millions of Uniglo.io supply push its price higher? DOGE and Big Eyes holders consider adding more GLO appeared first on NullTX.
Source: null tx