T Popular DeFi protocol Uniglo.io has announced the start of its second pre-sale. This is great news for many in the crypto community, as the first pre-sale was a huge success. The second pre-sale will offer a 2.5% bonus, which is an attractive proposition for traders. Meanwhile, positive trends are spreading for Avalanche (AVAX) and Stellar (XLM), both of which are starting to bounce off their lows.
UNIGLO(GLO)
On October 18th this year, the social currency Uniglo will join the Ethereum network. Currently, it is in ICO mode.
Uniglo’s main selling point is its asset-backed vault. Uniglo will hold digital gold among other cryptocurrencies, NFTs and collectibles that will be stored in multi-signature community vaults across the Ethereum, Binance Smart Chain, Polygon and Solana networks.
One of the oldest and most reliable investments in history is gold. A digitally fragmented gold asset backed by the precious metal’s physical physical form is considered to support GLOs even under the most challenging market conditions.
The creation of community vaults gives users partial ownership of these assets, allowing them to share in the profits.
Currently, the GLO vault has over $6,000 USDC on hand to start acquiring assets during the pre-sale phase.
Another aspect of Uniglo’s ingenuity is its superfiring mechanism, which will continuously reduce the available amount of $GLO tokens by igniting newly acquired $GLO in the market. Additionally, the group uses a traditional destruction system, where 2% of each transaction is automatically destroyed.
As of now, Uniglo is dominating the news coverage and attracting investors from far and wide. The first round of pre-sale prices rose by 30%, indicating that the second round will be more successful.
Avalanche (AVAX)
Avalanche, launched by Ava Labs in 2020, has quickly grown to become the leading blockchain for DeFi. Scalability is a major problem facing blockchains and is solved by this layer of protocol.
Avalanche offers 4,500 transactions per second in an effort to surpass the top smart contract network Ethereum with a TPS (transactions per second) of 13.
This fast network allows ordinary investors to transact faster and more cost-effectively. Its smart contracts are also among the most secure in DeFi, according to a smart contract audit conducted by blockchain security firm Halborn.
For owners of AVAX, as is the case with most cryptocurrencies, early August provided good news. AVAX is showing potential incremental indicators as the market approaches the second half of the month.
Stellar (XLM)
Stellar is a well-known blockchain initiative to simplify international money transfers for businesses and individuals.
Using Stellar’s blockchain, one can build digital copies of currencies such as USD, EUR, and pesos.
Therefore, the exchange is quite inclusive and favored by reputable financial institutions. Basically, Stellar makes it easier for companies, institutions, and large investors to move funds with fewer costs and friction points.
Notably, Avalanche (AVAX) and Stellar (XLM) have been added to the Robinhood cryptocurrency exchange roster, and these projects are expected to be more widely adopted and populated.
Bottom line
Overall, it is becoming clear that the bulls are currently in control of the market and looking to push prices higher. So diversifying your portfolio with Uniglo (GLO), Avalanche (AVAX) and Stellar (XLM) could be your ticket to the moon.
Learn more about Uniglo:
Join the presale: https://presale. uniglo.io/register
URL: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
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