A new Ethereum-based protocol, Uniglo (GLO), has attracted the attention of the Binance Coin (BNB) and Avalanche (AVAX) communities as it moves ahead with its presale. With the current market volatility, the attraction of Uniglo to these communities is evident. And it appears that BNB & AVAX holders will begin bridging funds to partake in the presale.
Uniglo is community-owned and value-backed. This new approach to digital currency reintroduces basic economic principles to provide value to investors. GLO’s tokenomics include buy and sell taxes and by leveraging the programmability of the blockchain, the developers have created a new better form of currency.
Part of this tax goes towards asset acquisitions kept in the Uniglo Vault to provide GLO with a stable floor price. Assets that have performed well will be sold, meaning the Vault itself is a managed fund. It will contain digital and physical assets, giving investors access to high-end collectables typically out of reach, such as gold and fine art. Part of the tax goes towards the protocol’s Ultra Burn Mechanism, which ensures scarcity burning a portion of every transaction. GLO represents harmony between wealth preservation, and growth speculation, making it an ideal token to hold during these turbulent times.
Binance Coin (BNB)
Binance Coin is an excellent project all around. With a market cap of nearly $50 billion, BNB represents the third largest coin, excluding stablecoins. Only BTC & ETH have bigger market caps, and the Binance Smart Chain is one of the most robust ecosystems in crypto. Despite Ethereum’s ecosystem being larger by TVL (Total Value Locked), the Binance ecosystem sees far more daily transactional volume.
BNB being the utility token of what many would argue is the greatest centralised exchange Binance, has a long future ahead and will generate fabulous wealth for many investors.
Avalanche was one of the first new age blockchains that directly addressed the classic blockchain trilemma of scalability, security, and decentralisation. Boasting incredible throughput and the ability to process 4,500 transactions a second, Avalanche saw a massive inflow of liquidity within DeFi, as investors and developers moved to this faster and more efficient network.
In August, Avalanche broke a record, seeing more than 1.5 million transactions in a single day. Proving that despite the state of the markets, the Avalanche blockchain continues to see greater adoption, and this bodes well for the native token AVAX.
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