A new player – Uniglo (GLO) – is shaking things up in the decentralized finance (DeFi) space. Uniglo is a new social currency currently in the second phase of its presale. Many investors, users, and even whales have shown strong interest in putting a portion of their wealth into this new DeFi project. And Avalanche (AVAX) and Binance Coin (BNB) are looking to bridge before Uniglo completes its presale period. In this article, we break down why AVAX and BNB token holders are keen to do so.
Uniglo is a new DeFi player that started pre-selling its GLO token last July 15. The project started Phase 2 of its Presale last August 15. Things have been looking up for Uniglo so far. During the first week of its presale, GLO already garnered 25% growth. More growth is expected from Uniglo after it publicly launches on October 18.
Moreover, long-term growth can also be expected from the Uniglo project. The GLO token will be backed by a range of high-yield digital assets. These assets are handpicked by the Uniglo community to achieve a balance between speculative growth and wealth accumulation. The protocol also introduces its Ultra-Burn Mechanism, which will help reduce the supply of GLO tokens in the secondary market, which will further drive the value of GLO.
Avalanche is one of the fastest smart contracts platforms in the blockchain sphere, beating Ethereum in terms of time-to-finality. Recently, the platform experienced a sharp drop in its Total Value Locked (TVL) and activity level across its decentralized applications. According to analysts, these drops could signal a weakening position for Avalanch, which could not come at a worse time, as Ethereum is gearing to shift to a Proof of Stake consensus algorithm. As such, some AVAX holders are interested in moving some of their wealth to other crypto gems such as Uniglo.
Binance Coin (BNB)
Binance Coin is a native currency on the Binance Chain. Specifically, BNB funds trades and fees on Binance Exchange, which is the world’s largest crypto exchange, supporting over 1.4 million transactions per second. Competitors have been struggling to push Binance Exchange out of the top position since 2018. BNB holders are loyal to Binance Chanin. However, they are open to broadening their channels for yields. As Uniglo is built on Ethereum, BNB holders need to bridge to be able to take part in the growth of the GLO token.
Uniglo can help diversity the existing crypto portfolios of even the most experienced investors in the industry, whether individuals or institutions. Gains from investing in Uniglo (GLO) could be a solid supplement to the gains of Avalanche (AVAX) and Binance Coin (BNB) holders.
For More Information:
Join Presale: https://presale.uniglo.io/register
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