An ICO presale is when a blockchain project sells a portion of its tokens before the ICO launch. This allows the project to raise funds to finance the development of its project and to create a community of early supporters.
A successful ICO presale can be a great indicator of the potential success of an ICO, as it shows interest and demand for the project. It can also help the project team to gauge the level of interest and support from the community, and to get feedback on the project.
Uniglo (GLO), a new project being developed on the Ethereum chain, has shown amazing ICO performance during its first presale round selling over 25 million $GLO tokens and increasing by 30% in price, giving Ethereum (ETH) analysts confidence to predict massive sell-out during phase two.
These beliefs are also supported by the Uniglo team’s strong activity in building up their project and community. Let’s learn more about this exciting upcoming project.
What is Uniglo (GLO)?
One of the most deflationary tokens the market has ever seen, Uniglo has a distinctive set of characteristics. GLO has positioned for great things thanks to a fully community-driven strategy that values and rewards its users. It has complete asset backing to offer a stable base price and a burn mechanism that keeps the supply declining quickly.
Uniglo introduces itself as a DAO community that gives its investors and members a say in protocol choices. The community will decide what to sell and keep in the GLO vault, how many $GLO tokens to repurchase, how many to burn, and other decisions.
In the initial presale, Uniglo’s price increased by 30%, indicating that investors are scrambling to purchase a sizeable number of $GLOs as soon as possible. As the business is just getting started, bonuses and referral programs are being offered to early investors.
What Does Ethereum’s Merge Mean For Uniglo (GLO)?
Since Uniglo is being developed on the Ethereum blockchain, this will have a direct impact on the openness and adaptability of the upcoming protocol. What is Ethereum merge anyway?
The Merge is simply an upgrade to Ethereum that does away with traditional mining, which involves using powerful computers to solve mathematical puzzles in order to run the network and produce new coins. Instead, it adopts a proof-of-stake system in which holders of the underlying currency, ether, or ETH, can stake it.
The impact on Ethereum’s energy use is significant. After The Merge, Ethereum should become significantly more environmentally friendly, leaving Bitcoin as the only significant blockchain that still uses proof-of-work. The Ethereum Foundation claims that after The Merge, Ethereum’s energy use will be decreased by 99.95%.
Nearly all Ethereum blockchain indicators will be improved by the integration, opening the door for new applications and experiments in the future.
Millions of people have joined Ethereum thanks to its smart-contract features, which have also generated billions of cash for users and investors.
Besides direct technical improvement for Uniglo, Merge is also anticipated to raise interest in Ethereum. As previously mentioned, Uniglo launches an asset-backed vault that will house Ether (ETH) along with the top 15 cryptocurrencies. Given that they will acquire a portion of these assets, investors will undoubtedly profit from the increase in the price of ETH within the community vault.
Bottom Line
Uniglo has already proved its significance with the successful first presale phase. Among tons of indicators of Uniglo’s success, Ethereum’s merge is the next thing that could positively reflect on the protocol’s next presale phase performance.
Learn More About Uniglo:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
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