Redefining token burn systems, Uniglo (GLO) could force Ethereum (ETH) and Solana (SOL) to adapt their Tokenomics Sponsored Post Jul 25, 2022 Share Token burning is a process by which a company destroys a certain number of tokens, usually to create scarcity and support the price.While it may seem counterintuitive to destroy something of value, token burning can be a boon to the company and its investors.Token burning is a well-established practice in the crypto industry, and while lots of crypto projects use it, Uniglo (GLO) takes the task to the next level by offering more intense, in-built burn mechanics.The crypto community has high hopes for GLO, which might even be a role model for already established digital currencies like Ethereum (ETH) and Solana (SOL).Idea Of Uniglo (GLO) Uniglo (GLO) is a kind of social currency designed to rise in value slowly, and is the first community-owned treasury backed by several assets.The Uniglo Vault contains digitized gold, NFTs, digital currencies, and collectibles and is funded with a 5% buy-and-sell tax.To assure the scarcity of its token, GLO, Uniglo also uses a ground-breaking burning process that follows a hyper-deflationary model.The coin’s value is intended to be driven by this deflationary emphasis independent of the external circumstances.
Ethereum (ETH) And Solana (SOL) Overview Similar to how Bitcoin (BTC) transformed the way we think about currency, Vitalik Buterin’s creation, Ethereum (ETH), has revolutionized apps and services.Ethereum gives people more control over the services they use by doing away with middlemen and substituting programmable, automated smart contracts in their place.
Much of the functionality utilized in the crypto realm today was created with the introduction of smart contracts.Without the tools offered by Ethereum, neither decentralized applications (DApps), non-fungible tokens (NFTs), nor decentralized financing (DeFi) would be feasible.
Most cryptocurrency projects are partially or entirely based on Ethereum’s basic technology, and many began as ERC-20-compliant tokens before switching to their mainnets.!function(e,n){var t=”adsenseLoader”;”function”==typeof define&&define.amd?define([],n()):”object”==typeof exports?module.exports=n():e[t]=n()}(this,function(e){“use strict”;function n(o,r){var a,i;return function(){var e=this,n=arguments,t=+new Date;a&&t
Uniglo (GLO), on the other hand, is designed with a deflationary policy at its core to help it appreciate over time as the amount of it in existence decreases.The Ultra Burn Mechanism of Uniglo (GLO) is a first-of-its-kind deflationary system that burns 2% tokens from each purchase or sale.Furthermore, it utilizes the money gained from selling items in the Uniglo Vault to buy back and burn even more of the token.This creates a virtuous circle in which the price of Uniglo consistently rises over time as the amount of it in existence decreases.These world-first features make Uniglo (GLO) an exciting project to watch and one that could force Ethereum (ETH) and Solana (SOL) to adapt their tokenomics to stay competitive.Learn More About Uniglo Join Presale: https://presale.uniglo.io/register Website: https://uniglo.io Telegram: https://t.me/GloFoundation Discord: https://discord.gg/a38KRnjQvW Twitter: https://twitter.com/GloFoundation1 var betterads_screen_width = document.body.clientWidth;betterads_el = document.getElementById(‘jwymahs-289503-581684694’); if (betterads_el.getBoundingClientRect().width) { betterads_el_width_raw = betterads_el_width = betterads_el.getBoundingClientRect().width; } else { betterads_el_width_raw = betterads_el_width = betterads_el.offsetWidth; } var size = [“125”, “125”]; if ( betterads_el_width >= 728 ) betterads_el_width = [“728”, “90”]; else if ( betterads_el_width >= 468 ) betterads_el_width = [“468”, “60”]; else if ( betterads_el_width >= 336 ) betterads_el_width = [“336”, “280”]; else if ( betterads_el_width >= 300 ) betterads_el_width = [“300”, “250”]; else if ( betterads_el_width >= 250 ) betterads_el_width = [“250”, “250”]; else if ( betterads_el_width >= 200 ) betterads_el_width = [“200”, “200”]; else if ( betterads_el_width >= 180 ) betterads_el_width = [“180”, “150”]; if ( betterads_screen_width >= 1140 ) { document.getElementById(‘jwymahs-289503-581684694-place’).innerHTML = ‘‘; instant= new adsenseLoader( ‘#jwymahs-289503-581684694-place’, { onLoad: function( ad ){ if (ad.classList.contains(‘jwymahs-ll’)) { ad.classList.remove(‘jwymahs-ll’); } } });}else if ( betterads_screen_width >= 1019 && betterads_screen_width < 1140 ) { document.getElementById('jwymahs-289503-581684694-place').innerHTML = '‘; instant= new adsenseLoader( ‘#jwymahs-289503-581684694-place’, { onLoad: function( ad ){ if (ad.classList.contains(‘jwymahs-ll’)) { ad.classList.remove(‘jwymahs-ll’); } } });}else if ( betterads_screen_width >= 768 && betterads_screen_width < 1019 ) { document.getElementById('jwymahs-289503-581684694-place').innerHTML = '‘; instant= new adsenseLoader( ‘#jwymahs-289503-581684694-place’, { onLoad: function( ad ){ if (ad.classList.contains(‘jwymahs-ll’)) { ad.classList.remove(‘jwymahs-ll’); } } });}else if ( betterads_screen_width < 768 ) { document.getElementById('jwymahs-289503-581684694-place').innerHTML = '‘; instant= new adsenseLoader( ‘#jwymahs-289503-581684694-place’, { onLoad: function( ad ){ if (ad.classList.contains(‘jwymahs-ll’)) { ad.classList.remove(‘jwymahs-ll’); } } });} Share.
