Polkadot Blockchain-based Uno Re Burned 152,052 of Its Tokens Total Supply
Powered by Polkadot, Uno Re — The blockchain platform that allows crypto enthusiasts to invest and gain significant profits from one of the safest asset classes in the world burned 152,052 $UNO tokens on 30th November, 2021.
A significant amount of $UNO tokens (89,001) was already burned on 10th November. However, the second burn was bigger and better than the first!
This ensures Uno Re’s price value will gradually increase over time. In addition, with this burn, the supply will decrease over time, while $Uno will always be in demand — as the Uno token fuels all the transactions on the platform, leading to pretty clear implications on Uno Re price.
Uno Re Ecosystem
The team aims to break the barriers to entry for investors concerning capital and regulations while also encouraging them to participate in insurance and reinsurance. As a community-driven blockchain platform, Uno Re will allow its users to design innovative insurance products. Hence, driving a new generation of Insurtech based companies on the UnoRe ecosystem.
What’s exciting, UNO token will connect stakeholders to the platform and assure the quality of the products provided to build loyalty into the network. With this said, the UNO token will add further benefits and enhance user engagement.
Uno Re will also give the community an opportunity to earn huge rewards that its trades generate on the world’s first decentralized exchange (DEX) for the trade of risk-based assets. Thus, to complete these tasks, the company will be launching its platform in three phases, which begin with Phase I (the Investor phase), Phase II (the Risk Trading phase), and Phase III (the Innovator phase).
About Uno Re
Uno Re is the world’s first decentralized reinsurance platform powered by Polkadot. The platform allows its community to invest and trade in ‘risk’ and earn massive profits on their investments in one of the safest asset classes in the world. Uno Re will break barriers to entry for the retail investor by doing away with the historic pre-requisite of absurdly high capital generally needed to invest in the market while also introducing much-needed transparency into the industry as a whole. Uno Re will also allow the community to propose innovative insurance products to the space, thus propelling a new generation of Insurtech companies powered by the UnoRe ecosystem.
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