Source: Crypto News
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, the protocol launched NFT Artion Marketplace, which is known to have almost zero percent transaction fees.
Solana is a high-performance blockchain that is becoming increasingly popular, as more Ethereum users search for cheaper and faster alternatives. Its native token, SOL, can be used for staking and paying fees on the network.
Solana supports smart contracts, including NFTs. It has a growing number of platforms and marketplaces for NFTs, including the Magic Eden NFT marketplace. The latter made headlines recently when it logged almost 361,000 NFT transactions in a week, surpassing Ethereum in terms of volume. The total volume of transactions on Magic Eden has also already reached USD 1.6 billion.
Avalanche is also one of the fastest smart contract platforms in the blockchain industry. Its token, AVAX, is used for staking and payment of fees. Just like Uniglo, Avalanche has a fixed token supply to ensure scarcity and the preservation of its token.
While the price of its token and the number of its active users still struggle to recover during the bear market, Avalanche has successfully carved a place in the NFT space. In mid-June, the total volume of NFT trades on Avalanche peaked at USD 2.27 million.
The bottom line
The cryptocurrency market is becoming an increasingly exciting place to invest. By betting on crypto gems like Uniglo, which leverages tokenization to optimize the earning potential of various digital and tangible assets, investors could receive high-value rewards and price gains.
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Join Presale: https://presale.uniglo.io/register