A little-known DeFi token called Uniglo (GLO) has been outperforming leaders like Cardano (ADA) and Solana (SOL). In fact, GLO is up 45% and hasn’t seen a red candle in two months. And it’s expected to maintain its value for the next months as well. How is it possible for a cryptocurrency to have not seen a red candle in months? It’s because you won’t find it on exchanges. Uniglo is currently hosting a private initial coin offering. “No fair,” you’re saying, “if it can’t be sold, then it doesn’t count.”
That’s not entirely true because Uniglo tokenomics are designed in such a way as to minimize volatility even after it hits the market. In fact not only is the GLO token supply eternally deflationary, but the treasury that backs GLO will be eternally growing. And the more volatile the markets become, the faster GLO grows.
This neat trick is made possible by borrowing a mechanism from the world of NFTs called royalties. Whenever anyone buys or sells GLO 5% is collected by the treasury, 2% is burned automatically, and 3% goes toward operations and marketing to grow the community. Thus, no matter whether we’re in a bear market or a bull market the treasury is growing and the supply of the token is shrinking. And the more the price swings, the faster money goes into the treasury.
So, what do we mean by “community”? Uniglo is a DAO, a decentralized autonomous organization. That means that it’s run not by a board and shareholders and C-suite executives but rather by holders of the GLO token. All holders get to vote on the investment activities of the DAO including how the treasury is invested, when to sell an asset, and when to buy back tokens off exchanges.
The treasury can be invested into anything that can be tokenized. Unlike DAOs such as BitDAO which is focused solely on investing in Web3 projects and will go up and down in price with the market, the GLO treasury will be invested in a wide array of assets with high potential for long-term appreciation. Alongside cryptocurrencies and investment-grade NFTs, this could include tokenized equities and even real-world assets like real estate and gold.
It’s been proven time and time again that slow and steady dollar-cost averaging and long-term holding outperform any other investment schemes. And Uniglo is aimed squarely at long-term investors. The 10% royalty not only keeps the snowball growing but it also discourages speculative trading while encouraging early adoption and hodling. And it’s the ICO investors who will benefit the most from this project.
The ICO runs up until the platform launch in mid-November. That is if it hasn’t sold out by then. And we do expect it to sell out, so if you’re interested in doing more research head on over to the uniglo.io website and check out their whitepaper. While you’re there, you can pick up some GLO for just $0.0145. Even a small investment today could turn into a heap of value over the coming years and decades.
Learn more here
Join Presale: presale.uniglo.io/register
Source : cryptodaily