The popular DeFi protocol Uniglo.io has announced the commencement of its second presale. This is good news to many in the crypto community, as the first presale was a resounding success. The second presale will offer 2.5% bonuses, making it an attractive proposition for traders. Meanwhile, positive trends are spreading on Avalanche (AVAX) and Stellar (XLM), both starting to recover from dramatic lows.
Uniglo (GLO)
On October 18 this year, Uniglo, a social currency, will join the Ethereum network. For now, it’s in ICO mode.
The main selling point of Uniglo is its asset-backed vault. Among other cryptocurrencies, NFTs, and collectibles that will be stored in multi-sig community vaults across the Ethereum, Binance Smart Chain, Polygon, and Solana networks, Uniglo will hold digital gold.
One of the oldest and most dependable investments in history is gold. Digital fractionalized gold assets backed by the actual physical form of the precious metal are thought to support GLO even under the most challenging market conditions.
The creation of a community vault gives the users fractional ownership over these assets, allowing them to share the profits as well.
Currently, the GLO vault has more than $6,000 USDC on hand to begin acquiring assets during presale rounds.
A further aspect of Uniglo’s originality is its ultra-burn mechanism, which will continuously lower the available quantity of $GLO tokens by igniting newly acquired $GLOs from the market. Additionally, the group uses a conventional burning system in which 2% of each transaction is automatically destroyed.
As of now, Uniglo is dominating news stories and luring investors from all around. The first presale round resulted in a price increase of 30%, signaling that the second round would be even more successful.
Avalanche (AVAX)
Avalanche, which Ava Labs introduced in 2020, has grown swiftly to become the leading blockchain for DeFi. Scalability, the major problem facing blockchains, is addressed by this layer one protocol.
Avalanche offers 4,500 transactions per second in an effort to overtake Ethereum, the top smart contract network, with a TPS (transaction per second) of 13.
This quick network allows regular investors to do transactions more quickly and affordably. Its smart contracts are also some of the most secure ones within DeFi, according to a smart contract audit performed by the blockchain security company Halborn.
For owners of AVAX, as has been the case for the majority of cryptocurrencies, the first part of August offered excellent news. AVAX is exhibiting potential increment indicators as the market approaches the month’s second half.
Stellar (XLM)
Stellar is a well-known blockchain initiative with the aim of streamlining international money transfers for businesses and individuals.
Using Stellar’s blockchain, people can construct digital copies of currencies like the US dollar, euro, and peso.
As a result, the exchange is quite inclusive, and reputable financial institutions favor it. Basically, Stellar makes it easier for companies, institutions, and huge investors to move their money around with fewer costs and friction points.
It’s worth noting that Avalanche (AVAX) and Stellar (XLM) have been added to the Robinhood cryptocurrency exchange’s roster, predicting these projects to be adopted and populated more widely.
Bottom Line
Overall, it is getting obvious that the bulls are currently in control of the market and are looking to push the prices higher. Thus, diversifying your portfolio with Uniglo (GLO), Avalanche (AVAX), and Stellar (XLM) could be your ticket to reach the moon.
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
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
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