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When Uniglo (GLO) entered the DeFi consciousness, it made headlines for the introduction of two exciting features: its Ultra-Burm mechanism and its Community Asset Vault. Now this new cryptocurrency gem is on the move, activating the Vault project and filling it with Pax Gold (PAXG), Tether (USDT), and Sandbox (SAND). This means that the floor price of GLO is now supported by rising asset values.
What is Uniglo (GLO)?
Uniglo (GLO) is an asset-backed social currency with a special vault that stores digital assets and digitized tangible assets. The funds used to purchase these assets come from cash, which the Uniglo Foundation grows by collecting a 5% transaction tax.
The Uniglo foundation aims to grow the vault with a mix of asset classes including top-performing digital currencies, stablecoins, non-fungible tokens (NFTs), and digitized real-world collectibles. The Uniglo community channels funds into buying stable assets that appreciate over time while acquiring digital currencies that demonstrate speculative growth.
Uniglo thus offers investors a solid asset-backed investment option that protects against market fluctuations and supports the floor price of its token. Additionally, it offers investors fractional ownership of the assets stored in Vault. Thus, GLO investors collectively vote on activities that affect the value and holding of the Vault.
To ensure security, the team behind Uniglo uses a multi-signature authentication system, which requires multiple team members to sign off to approve a transaction or change.
Pax Gold (PAXG)
Paxos (PAXG) is one of the asset-backed tokens now part of the Uniglo vault. One troy ounce of a London Good Delivery gold bar backs one PAXG token. The Paxos Trust Company has custody of the physical gold, keeping the bullion in a secure physical vault.
Tether is another digital currency that is pursuing a stable valuation. USDT is pegged to the US dollar. Launched in 2014, Tether has since become one of the largest stablecoins in the world by market capitalization.
Uniglo is also buying SAND, which is the native token used for transactions within the Sandbox Metaverse ecosystem. Based on the Ethereum blockchain, Sandbox is a blockchain-based game where users create and monetize NFTs.
Uniglo is designed to reward long-term investors, especially buyers who join the platform early. Investors better buy GLO before its floor price rises due to the appreciation of digital assets stored in Vault.
Learn more here
Join the presale: https://presale.uniglo.io/register