The launch of Uniglo.io will launch the Massive Supply Burn and Ultra-Burn mechanism – How will Uniswap react to the new DAO?


The next bull run will pave the way for another phase of DeFi expansion. It will eclipse all precedents due to traditional finance’s growing appetite for blockchain-based solutions. However, investors who are building their portfolio are now at the forefront of this fantastic opportunity.

New DeFi protocol Uniglo.io announced a massive token burn, and Uniswap investors have already migrated funds to this new player.

Uniglo.io

Uniglo offers a masterclass in tokenomics, and Uniswap could learn from its example. The protocol offers investors a long-term store of value by combining asset ownership with scarcity principles. Purchase and sales taxes fund the “Ultra Burn Mechanic” and asset acquisitions.

Revolutionary Ultra Burn Mechanic features smart contracts that burn 2% of every GLO transaction: This aggressive burning strategy makes GLO DeFi’s first hyper-deflationary token. Regarding asset acquisitions: the protocol purchases a unique mix of digital assets. These assets value GLO by giving it an intrinsic floor price.

These two mechanisms guarantee a constantly rising floor price; even Business2Community recently ranked Uniglo as one of the most explosive opportunities for 2022. With the news of a massive burn above the “Ultra Burn”, several analysts commented that the GLO can quickly start a rally parabolic.

Uniswap

Uniswap represents an entirely trustless DeFi protocol. Smart contracts govern the decentralized exchange, requiring no human interaction. Uniswap has attracted large amounts of liquidity and allows investors to exploit the return on the platform: by collecting a small percentage of the trading fees associated with the pool.

Uniswap exists as an excellent DeFi protocol; however, the UNI token is a poor choice for investors. Uniswap stands for DeFi 1.0 and has given little thought to tokenomics. UNI has no value adjustment or profit sharing mechanism and as such faces continued selling pressure. Investors grow UNI and dump it on the open market because they have no incentive to own it.

Final Thoughts

Uniglo’s tokenomics really serves as an example for DeFi, and many investors hope that new developers will use Uniglo’s token model as an example. Uniswap is a great protocol, but from an investor’s perspective, UNI cannot compete with GLO.

Learn more here:

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

Website: https://uniglo.io

Disclaimer: This is a paid version. The statements, views, and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of the information available in this content. Do your research and invest at your own risk.

Previous BMW 7 Series and i7 2023 First Drive: brilliantly capable, controversially dressed
Next Celebrate the arts, the outdoors and our country's veterans