DeFi prepares to enter another expansionary phase, and the coming bull market cycle will dwarf all the prior cycles. The market presents investors with an excellent opportunity to build their portfolios and lock in easy 10X gains.
A new contender, Uniglo, possesses vast potential, and a recent announcement of a colossal token burn has put pressure on Shiba Inu, Tamadoge, and Calvaria holders.
Uniglo provides a store of value over extended periods by leveraging the same technique the ultra-wealthy have used for generations: asset ownership. Uniglo goes one step further and integrates deflationary tokenomics to create a native token that perfectly blends wealth preservation and growth speculation.
Uniglo was already one of 2022’s most exciting launches and announcing an extensive token burn adds jet fuel to this token’s trajectory. DeFi has never seen a hyper-deflationary token, and as a result, on-chain analysis shows investors already invested in deflationary tokens aggressively targeting the protocol. Even the famous Youtuber Darryl Boo, famous for his altcoin gem finds, has highlighted Uniglo as a protocol investor do not want to miss.
Shiba Inu, known as the ‘Dogecoin Killer,’ implemented a massive burn campaign. The project has burnt more than 41% of its total supply, but most of this came from Vitalik’s initial burn. SHIB holders are rapidly migrating capital toward Uniglo. They have already witnessed the resulting price action of token burn campaigns, and the opportunity to own GLO before the supply shock is an opportunity too good to miss.
Tamadoge is the medium of exchange in the Tamaverse and employs a deflationary token model. Tamadoge is a play-to-earn game powered by NFT technology. The protocol burns 5% of all transactions from the Tamadgoe store, where investors can buy unique items for their NFTs.
But this cannot compete with Uniglo’s ‘Ultra Burn Mechanism,’ which burns 2% of every transaction. With the burn announcement, similar to SHIB holders, TAMA holders rapidly allocate capital to Uniglo.
Calvaria is a play-to-earn card game that blends crypto with addictive gameplay. It has a player-to-player marketplace, a scholarship system, and investors can play on their mobile devices. Calvaria takes a distinctive approach to the NFT play-to-earn model and has created an entire ecosystem inside the game. It allows investors to learn about crypto through gameplay, slowly focusing on delivering an enjoyable experience.
However, many investors remain worried that Calvaria possesses too many moving parts.
Uniglo has telegraphed this burn in advance; investors who understand tokenomics will see the potential. Opportunities like this do not come along frequently in DeFi.
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