Before the year ends, many cryptocurrency project developers are looking forward to sending their cryptos on an upward journey. This impetus comes after the crypto world’s major collapse in May, the effects of which most industry players have not properly reversed yet until now. But three crypto projects are preparing for a nice ending to this year. In this article, we look at how Uniglo (GLO), NEAR Protocol (NEAR), and Chainlink (LINK) are preparing for a major send-of in November.
Uniglo (GLO) sees a bright post-launch November
We see a busy November for Uniglo, as this new decentralized finance (DeFi) project is set for public launch in mid-October. After the project is launched, the GLO tokens purchased during the presale season will be deposited in the respective buyers’ wallets, allowing buyers to use the tokens in any allowable manner.
The Uniglo project has been making headlines lately because of its multi-asset-backed social currency that is further boosted by a unique Ultra-Burn Mechanism. November will see many activities from Uniglo, which could include the creation of a liquidity pool on Uniswap, the release of public tokens into such liquidity pool, the first high-value asset purchase, and the first implementation of the Ultra-Deflationary Burn from fourth-quarter profits. As such, investors will see gains from their GLO tokens before the year ends.
NEAR Protocol (NEAR)
NEAR Protocol is also preparing for a major send-off in November. NEAR Protocol is a blockchain-based platform for the development of decentralized applications. This protocol is known for high-performance, enabling fast, secure, and infinitely scalable transactions. By operating with a Nightshade consensus protocol, NEAR Protocol can run approximately 100,000 transactions per second. Currently, the NEAR token is trading around $5, which is a good price at which major returns could be generated by three months’ time.
Lastly, Chainlink is prepping for a November send-off. Chainlink is a commonly used oracle network that facilitates connections between blockchains and off-chain data sources. The network is preparing for Chainlink token staking, which is geared towards improving the crypto-economic security for data exchanges. Staking will require collateralizing, enabling the network to impose penalties on nodes that are acting dishonestly, This move will ideally boost the activity levels on Chainlink.
The bottom line
November could be an exciting time for cryptos, as things start to pick up and players prepare for a brand new year. August could be an ideal time to buy into tokens that are set for a send-off before 2022 ends.
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