Polkadot Blockchain-based Uno Re Burned 152,052 of Its Tokens Total Supply

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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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