Uniglo (GLO) Could Revolutionize The Way Crypto is Valued, Surpassing Litecoin (LTC), Cronos (CRO), and Tron (TRX)
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Cryptocurrency has had an interesting ride since it was introduced to the world in 2008. Bitcoin is perhaps the most infamous example of the earning potential of crypto, starting with a valuation of close to zero before exploding and reaching tens of thousands of dollars.
Much of the gains in cryptocurrencies, however, have been prompted by their speculative nature. The value of cryptos also increases as their adoption becomes more widespread.
Today, a new cryptocurrency — Uniglo (GLO) — is introducing a novel way of influencing the value of its token. And analysts say that the rate of its price gains could surpass Litecoin (LTC), Cronos (CRO), and Tron (TRX) and that its valuation mechanism could revolutionize how cryptos are currently being evaluated.
Uniglo is a new cryptocurrency in the decentralized finance (DeFi) sphere. Compared to many other cryptos, the native token of Uniglo, GLO, will not rely on speculation or subjective external forces to shape its value. Instead, the price of GLO will be underpinned by a special mix of assets that would be meticulously picked out with the goal of weathering through price volatility storms.
To further contain the valuation of GLO, the Uniglo project will also take a hyper-deflationary approach to the supply of its token. The project will initially release 218.75 million GLO tokens only. Moreover, it will implement an Ultra-Burn Mechanism, which will further limit the volume of GLO tokens in the secondary market.
Litecoin is one of the earliest cryptocurrencies that was introduced to the market. It was developed to compete with Bitcoin, building upon the protocol of the
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