news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Cryptocurrency Market Update in Sinhala | Crypto Market New Update | BTC Update | Technical Analysis

    Cryptocurrency Market Update in Sinhala | Crypto Market New Update | BTC Update | Technical Analysis

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    Beldex cryptocurrency fact check  in tamil | monero coin | bitcoin |crypto update |crypto scam

    Beldex cryptocurrency fact check in tamil | monero coin | bitcoin |crypto update |crypto scam

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Cryptocurrency Market Update in Sinhala | Crypto Market New Update | BTC Update | Technical Analysis

    Cryptocurrency Market Update in Sinhala | Crypto Market New Update | BTC Update | Technical Analysis

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    Beldex cryptocurrency fact check  in tamil | monero coin | bitcoin |crypto update |crypto scam

    Beldex cryptocurrency fact check in tamil | monero coin | bitcoin |crypto update |crypto scam

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

No Result
View All Result
news4global
No Result
View All Result
Home Bitcoin

Uniglo (GLO) Ultra-Burn Feature Sets New Standard, Way More Efficient Than Stellar (XLM) And Shiba Inu (SHIB) Burns By DailyCoin

September 6, 2022
Reading Time: 3 mins read
0
Uniglo (GLO) Ultra-Burn Feature Sets New Standard, Way More Efficient Than Stellar (XLM) And Shiba Inu (SHIB) Burns By DailyCoin
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Crypto traders avoid risk and shelter in stablecoins as the market reaches a turning point – Cointelegraph

June 6, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

SEC sues Coinbase for allegedly acting as an unregistered crypto broker – CNN

June 6, 2023

Uniglo (GLO) Ultra-Burn Feature Sets New Standard, Way More Efficient Than Stellar (XLM) And Shiba Inu (SHIB) Burns

When weighing up new crypto investments, you might want to take a closer look at burn rates. Cryptos that burn more tokens arguably set the future price up for more success, as they decrease supply and increase scarcity. It’s simple economics, if demand continues while supply goes down, prices go up. Many cryptocurrencies apply burns to help do this, and stand up as deflationary measures that outclass traditional currencies.

When fiat currencies scrapped their gold standard pegs many years ago to raise instant funds, they managed to achieve more short-term money, but also meant that new money could be printed whenever necessary. Prior to that, for every dollar in circulation, an equivalent amount of gold had to be stored in reserves to back up the price. This was known as the gold standard, but it was scrapped long ago. This meant that new currency could be printed whenever necessary, raising funds for the reserve but also devaluating the price of currency already in circulation. This can lead to hyperinflation, which many argue is on its way. If you’ve noticed your dollars becoming worth less and less, or paid any attention to economic news, you’ll have seen how much of an issue inflation has become. It needs an answer, and this answer is arguably in crypto. Especially with GLO, which has a huge range of deflationary features as well as the best burn mechanics the space has ever seen.

Uniglo (GLO)
Uniglo reintroduces that gold standard peg that fiat lost long ago with the GLO vault. This is made up of a range of assets and provides full 1:1 asset-backed store of value, a peg for the price that people can have faith in.

But it’s GLO’s ultra-burn mechanics that really add to these deflationary credentials and help make it the most deflationary coin around. GLO burns tokens on every transaction, but also buys back unsold tokens to burn over time. Both these features make up the GLO dual-burn model, and continue to ensure scarcity over time. They also set GLO up for strong future price gains, and as more people hear about GLO as it comes out of pre-sale, these could be even stronger. So right now you have the chance to grab GLO at a discount during pre-sale and enjoy its ride all the way to the top.

Stellar (XLM)
Recently, the Stellar Development Foundation burned 50% of their XLM supply. This was a huge burn that managed to shore up the price and potential for the future of XLM. It’s already one of the most established coins around, and could continue to have a huge future, but it isn’t looking as strong as GLO right now.

(SHIB)
SHIB recently introduced new burns, offering users rewards for burning some of their own tokens. This was to help shore up supply after some recent dips, and arguably had a positive impact on the future potential for SHIB. It could still be a good investment thanks to that.

Conclusion
GLO has some of the best burn mechanics the space has ever seen, and should outpace the likes of XLM and SHIB as it forges its way up the altcoin charts.

Find Out More Here:
Join Presale: https://presale.uniglo.io/register

Website: https://uniglo.io

Telegram: https://t.me/GloFoundation

Discord: https://discord.gg/a38KRnjQvW

Twitter (NYSE:): https://twitter.com/GloFoundation1

Continue reading on DailyCoin

Share76Tweet47

Related Posts

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Crypto traders avoid risk and shelter in stablecoins as the market reaches a turning point – Cointelegraph

by admin
June 6, 2023
0

Crypto traders avoid risk and shelter in stablecoins as the market reaches a turning point  Cointelegraph

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

SEC sues Coinbase for allegedly acting as an unregistered crypto broker – CNN

by admin
June 6, 2023
0

SEC sues Coinbase for allegedly acting as an unregistered crypto broker  CNN

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

6 Ways Artificial Intelligence (AI) Will Change Our Lives by 2030: ChatGPT Predicts – CryptoPotato

by admin
June 6, 2023
0

6 Ways Artificial Intelligence (AI) Will Change Our Lives by 2030: ChatGPT Predicts  CryptoPotato

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

US charges crypto giant Binance with 'web of deception' – BBC

by admin
June 5, 2023
0

US charges crypto giant Binance with 'web of deception'  BBC

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Bitcoin little-changed around US$27,000, Ether treads water; Solana, XRP gain – Forkast News

by admin
June 5, 2023
0

Bitcoin little-changed around US$27,000, Ether treads water; Solana, XRP gain  Forkast News

Load More
  • Trending
  • Comments
  • Latest

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022
Protocon Announces ‘Contract Model’, an Alternative

Protocon Announces ‘Contract Model’, an Alternative

April 6, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
Internal Blast Probably Breached Ukraine Dam, Experts Say (Cautiously)

Your Wednesday Briefing

June 7, 2023
PGA Tour, LIV Golf & DP World Tour merger: Players ‘shocked and angry’

PGA Tour, LIV Golf & DP World Tour merger: Players ‘shocked and angry’

June 7, 2023
Canada wildfire smoke threatens health of millions

Canada wildfire smoke threatens health of millions

June 7, 2023
Tunisian black women: ‘My skin colour says I don’t belong’

Tunisian black women: ‘My skin colour says I don’t belong’

June 7, 2023

Latest News

Internal Blast Probably Breached Ukraine Dam, Experts Say (Cautiously)

Your Wednesday Briefing

June 7, 2023
PGA Tour, LIV Golf & DP World Tour merger: Players ‘shocked and angry’

PGA Tour, LIV Golf & DP World Tour merger: Players ‘shocked and angry’

June 7, 2023

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global