The cryptocurrency market is possibly facing its much-awaited recovery. To make the most of the industry’s uptrend, have a look at Uniglo.io (GLO), ApeCoin (APE), and Chain (XCN).
Uniglo.io (GLO)
Uniglo.io is a new decentralized project scheduled for launch on the 19th of November. With market watchers observing this project closely and whales buying into it, excitement is brewing as Uniglo.io moves closer to its launch date.
We believe this project is an essential complement because of its asset-backing. An Asset Vault that stores a complex selection of stablecoins, currencies, non-fungible tokens, and digitized real-world assets underpins the value of the GLO token.
Another key feature of Uniglo.io is the Ultra-Burn Mechanism, which removes GLO tokens purchased from the secondary market from circulations. This buyback-and-burn model uses the yields generated by selling valuable assets contained in the Vault. This results in a hyper-deflationary approach to maintaining the floor price of GLO.
ApeCoin (APE)
ApeCoin is an Ethereum-based ERC-20 token for the Bored Ape Yacht Club, with a series of 10,000 unique NFTs. ApeCoin allows users to engage in decentralized exchanges and access exclusive games and services. Third-party developers can participate in the ecosystem by using ApeCoin as a tool and incorporating it into services, games, and other relevant projects. Currently, around 306 million APE coins are in circulation out of the 10 billion maximum supply.
Chain (XCN)
Chain is a blockchain platform cloud service that allows organizations to create financial infrastructures from the ground up. Its native token, XCN, permits users to vote on protocol improvements and multiple community-driven programs. As it aims to build a safe and secure ecosystem, the Chain project is designed to allow network participants to define and issue assets through custom issuance programs. Developers can then integrate these programs to create unique smart contracts.
The bottom line
These three cryptocurrency projects offer something unique to the DeFi landscape. We believe they are big assets in the short and long term.
For More Information:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece.
