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Bitcoin might be the most popular cryptocurrency in the world, but it is not necessarily the best one to invest in now. Over the years, the crypto industry has developed a lot, expanding to include various DeFi solutions, digital assets, and decentralized applications. Each of these developments, of course, has its share of pros and cons.
But a newcomer to the crypto space called Uniglo (GLO) aims to utilize all their good parts, combining tokenization with NFT earning, among others. This strategy–which established cryptocurrencies like Fantom (FTM), Solana (SOL), and Avalanche (AVAX) also adopt–could be a recipe for investment success.
Uniglo is a new community-based social currency that applies two types of burns, taking tokenization in a unique direction. The protocol’s top goal is to maintain a healthy price floor for its token, GLO. As such, it will release a limited supply and burn all tokens left unsold after the presale stages.
Uniglo perfectly pairs tokenization with NFT earning as well as other investment opportunities. It aims to build a treasury for and by the community to fund the purchase of different assets. The main chain of Uniglo is not bound to acquire scarce and profitable NFTs. It, therefore, plans to purchase rare NFTs and maximize the increase in their value over time. BAYC, Axie Infinity, and Sandbox are just three of the NFTs that Uniglo could obtain through its treasury.
Fantom is one of the world’s most efficient, advanced, and low-cost smart contract networks, making it ideal for an NFT ecosystem. Its crypto, FTM, is used for in-platform payments.
Fantom is also making waves in NFTs. In 2021,
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