How Does The Newest Project On Ethereum (ETH) Network, Uniglo (GLO) Have What It Takes To Make You A Millionaire?
There’s one new ETH project that’s had many in the crypto space talking in recent weeks: Uniglo. And with this hotly-anticipated crypto project just about to enter pre-sale phase, now could be the perfect opportunity to pick up a coin in its early days, before it goes onto the massive gains many industry experts are predicting.
And remember, now is the perfect opportunity with GLO because you’re getting it at a discount price before it gets anywhere near its peak. Remember hearing about those who picked up BTC for $0.10? Now could be your opportunity to pick up a crypto with a ton of potential at the earliest possible opportunity, and one that could have the potential to make you a millionaire. So why is everyone talking about Uniglo? Let’s have a look…
What makes Uniglo so good?
Uniglo has a range of unique features that solve a number of key issues in the financial world. Not just crypto issues—fiat issues too. Inflation has been a big issue in finance for some time—your money is becoming worth less and less. But Uniglo has come up with a completely deflationary model with scarcity built-in, thanks to a dual-burn mechanism and fully 1:1 asset backing. These features make GLO continue to become scarce over time, and always have a solid asset-backed price that’s not prone to over-speculation and also isn’t at the whim of the price of other cryptos like BTC due to complete diversification.
Every time someone makes a transaction or purchase of GLO, a sales tax is levied. Of this sales tax, 2% will be burned immediately, and helps increase the value of GLO tokens. The GLO burn mechanism helps reduce the amount of time it takes for the currency to become truly scarce, and no new tokens will be minted.
Uniquely, and like some traditional stocks, Uniglo will also use some taxed funds to “buy-back” tokens at a certain rate, continuing to decrease supply and also increase demand at the same time, making the future for established holders of GLO extremely bright.
The sales tax will also go into Uniglo’s vault, which will then be spent on assets like NFTs, cryptos, and even digitized versions of real-world assets like gold. This provides a strong and stable price, one that has a real asset behind it rather than one that is completely prone to speculation.
GLO doesn’t rely on the price of BTC or any other single asset, because investments are completely diversified. This means even if big coins like Bitcoin are struggling, GLO doesn’t feel the pain.
GLO has tons of benefits, especially if you invest early. It answers some of the key issues that have plagued the financial world for some time now, and experts predict it has a great future.
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