It’s hard to ignore the recent price surge of Uniglo.io (GLO), which has seen an increase of over 55%. This movement puts GLO in good company with Nexo (NEXO) and Ravencoin (RVN), which have both seen similar success and are now ranked in the top 100 by market capitalization. 

Given the strong performance of these tokens, it’s no surprise that investors are eager to get their hands on GLO before the presales end.

Uniglo.io (GLO)

Uniglo (GLO) is an Ethereum-based Decentralized Autonomous Organization (DAO) that prides itself on being a multi-asset backed, recession-proof investment that will protect you from market volatility. According to Uniglo’s whitepaper, GLO, the native token, was created in response to the loss of value in fiat currencies and the excessive volatility in the digital asset field. The protocol includes buy and sell taxes to help with this.

Uniglo will use an asset-backed vault to keep popular cryptocurrencies and digital assets. The dual burning mechanism allows $GLO to grow value over time, while the Vault is responsible for maintaining a stable environment and preventing $GLO from losing weight. 

Uniglo will repurchase and burn GLO tokens from the market using the Ultra-burn technique. Furthermore, 2% of each GLO transaction will automatically be removed from the supply. This model implies that the price of $GLOs will likely rise since the number of tokens reduces.

Nexo (NEXO)

Nexo is a cryptocurrency bank. It serves as a bridge between fiat cash and digital currency, where users may buy, earn and borrow cryptocurrencies. Nexo also specializes in crypto-collateralized loans.

The native token, NEXO, permits customers to make cheaper loan interest payments, higher deposit interest payments, and dividends from Nexo’s revenues. It is a precise profit-sharing mechanism for rewarding investors, making NEXO one of the most acceptable utility tokens from a centralized exchange.

Ravencoin (RVN)

Ravencoin is a peer-to-peer blockchain based on a Bitcoin fork and the code base. A sufficiently mined blockchain also employs a Proof of Work mechanism. Ravencoin, rather than being used for payments, facilitates the creation, ownership, and administration of digital assets, tokens, NFTs, and securities.

Ravencoin successfully adds security measures and a more robust trading experience to the digital asset industry, earning its place among the top 100 initiatives.

Final Thoughts

The Uniglo.io (GLO) presale is nearing its end, and the 55% price surge is just the beginning. The company has already seen a lot of interest from investors, and with the ICO phase ending soon, it is only a matter of time before the project joins Nexo (NEXO) and Ravecoin (RVN) in the top 100. 

For More About Uniglo:

Join Presale: https://presale.uniglo.io/register

Website: https://uniglo.io

Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff. 

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