Weekly Crypto Rumors: Uniglo.io Talk Of Town To Get Listed on Huobi Or KuCoin In November

cryptonews.com:

Uniglo (GLO) has garnered much attention in the cryptocurrency community in less than a year. This Ethereum-based social currency is currently discussing listing the decentralized crypto platforms, Huobi (HT) or KuCoin (KCS), in November.

This potential listing is significant because it would give Uniglo more exposure to a broader range of investors. It would also provide liquidity for the platform, which is currently only available on Uniswap (UNI).

If Uniglo can list on Huobi or KuCoin, it would be a significant coup for the project and could help to drive the adoption of Uniglo even further. Is this the next big thing in the altcoin market? Let us find out.

To store a range of well-known cryptos, NFTs, and other digital assets, Uniglo will employ an asset-backed vault. Treasury gains will gradually improve these unique portfolios, boosting the price of $GLO. The dual burning process is in place to enable $GLO to gain value over time, while Vault is in charge of creating a stable environment and preventing the chance of $GLO losing value. 

While Uniglo will apply the other 2% burn to each $GLO sale, Uniglo DAO will repurchase and burn GLO tokens from the market using the Ultra-burn function. The quantity of tokens decreases with each burn, suggesting a greater possibility of price growth for $GLOs.

DAO members get ownership of the items housed in the vault because of the unique environment Uniglo offers. Increased user participation and project popularity will result from involvement in the protocol's decision-making process.

The huge ICO sales of Uniglo indicate the optimistic potential of the company. One $GLO is now worth $0.0155, which suggests that early investors have already obtained a 55% return on their investment.

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