Incredible supply burn could lead Uniglo.io’s price to surge and competes with cryptos like Polygon, Solana, and Big Eyes

Do you wish to broaden the scope of your financial holdings? Uniglo.io (GLO), innovative social money, might be the cryptocurrency you want. Since GLO is supported by a diverse portfolio of assets, including non-fungible tokens (NFTs), it has significant potential to grow its value over time. 

The protocol is preparing for a listing on Uniswap. The impending announcement of a massive burn of remaining presale tokens later in November puts it in direct competition with other protocols, including Polygon, Solana, and Big Eyes.

Uniglo

The Uniglo.io project has been drawing interest from investors by including a wide variety of distinctive features for wealth creation. It offers a community-owned asset vault that securely and transparently stores digital assets. 

This vault contains a variety of digital currencies, including ETH, BTC, BNB, and digitized physical items. Therefore, the GLO token's value will always remain stable since it won't fluctuate according to market conditions.

Other than post-launch burn, Uniglo employs a hyper-deflationary method. Tokens are purchased from the market and burned using the Ultra-Burn function. The protocol also includes a 2% in-built burn rate for each $GLO transaction. These procedures are scheduled to start before the year is completed.

So far, Uniglo has experienced a 55% price increase over its four separate presale phases. An enormous burn is also planned for launch, in which the protocol would destroy all unsold presale tokens and give the listing price a final boost. 

The presale concludes on November 15th, while the final launch is scheduled for November 19th. Therefore, little time is left to benefit significantly from the upcoming price appreciations.

Polygon

Polygon is the first Layer-2 scaling solution created on the Ethereum network and intended to operate with other blockchains. The user-friendly, modular platform has a block confirmation time of under two seconds and can process up to thousands of transactions per second on a single side chain. 

The polygon protocol may be used to build decentralized exchanges, stablecoins, asset markets, tokenized credit currency protocols, and decentralized domain names, to mention a few.

Solana

The Solana blockchain provides an alternative to the industry leader Ethereum Network by using Proof-of-History and Proof-of-Stake consensus technologies. 

Developers' demand for alternatives to the EVM led to Solana's growth, especially with the launch of the platform's native coin, SOL. Despite the bleak economic climate, the Solana price multiplied by ten between the spring of 2020 and the fall of the same year. It went far greater heights than expected, as would happen with Uniglo.

Big Eyes Coin

Big eyes coin is one of the newest meme coins utilizing NFTs. This brand-new cryptocurrency, scheduled to be live somewhere in 2022 and based on the Big Eyes cartoon cat, intends to unite individuals into a community.

According to the platform's whitepaper, Big Eyes is a full-on community token with the sole purpose of transferring money into the DeFi ecosystem and safeguarding a crucial component of the global ecosystem. As such, the team distributes 5% of its profits to ocean charity welfare organizations. 

The Bottom Line

The current burn rate of Uniglo.io's supply suggests that the value of this cryptocurrency may soon increase to a point where it can compete with market leaders like Polygon, Solana, and Big Eyes. With such dedication, Uniglo is on its way to giving birth to a new generation of crypto millionaires.

For More About Uniglo:

Join Presale: https://presale.uniglo.io/register

Website: https://uniglo.io