Analysis

What is GLO and will it be a good buy

Uniglo and Tamadoge are the 2 most hyped cryptocurrencies of 2022. Tamadoge has grow to be extraordinarily in style such that the builders raised $8.5 million inside 24 hours from traders. On this article, we are going to clarify what Uniglo is and whether or not GLO, its native token will likely be a very good funding.

What’s Uniglo?

Uniglo is an upcoming blockchain venture and cryptocurrency that will likely be unveiled within the subsequent few months. In keeping with its whitepaper, Uniglo is a community-based social foreign money that will likely be backed by digitized tangible property, cryptocurrencies, and uncommon NFTs. 

The purpose of this cryptocurrency will likely be to cut back the substantial volatility that exists within the cryptocurrency business. This is a crucial factor contemplating what we now have skilled within the crypto business the place the value of most cash has crashed by over 50%. 

There will likely be 218,750,000 GLO tokens that can have an extremely burn mechanism. 80% of these tokens will likely be offered to the general public whereas 7.3% will likely be added to a liquidity pool. 5% of them will go to the Uniglo Basis whereas 5% and a pair of% will go to growth and advertising and marketing. 

Uniglo value prediction

Like Tamadoge and Sweatcoin, it’s unattainable to do a Uniglo value prediction for the reason that coin has not been launched. In keeping with the builders, the primary pre-sale passed off between fifteenth July and fifteenth August. The second presale will run till September 15. After that, there will likely be a token sale between fifteenth September and fifteenth October. 

This era may even embrace the launch of the GLO token by way of an airdrop. The ultimate main step will likely be wrapping the token for multi-chain capabilities. 

So, is Uniglo a very good cryptocurrency to purchase? Whereas Uniglo has been extraordinarily hyped, we consider that it’s a particularly dangerous coin to purchase. For one, we now have already seen so many crypto scams previously few months. 

Additionally, it’s unclear who the founders of Uniglo are and whether or not it’s truly registered. Subsequently, the advice is that it is best to wait earlier than you spend money on it.

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