It doesn’t matter how many people buy native tokens of layer-1 blockchains such as Fantom (FTM) and Avalanche (AVAX). In order to survive and thrive, any blockchain ecosystem needs the applications built on top of them to flourish. And in order to flourish, DeFi platforms need to achieve mass adoption — pure and simple. Are we there yet? Not by far. Single banks like Visa process many times more transactions in one day than these blockchains process in months.
But there is a project that we expect could be the first DeFi DAO to achieve mainstream acceptance. It’s called Uniglo (GLO). Unfortunately for AVAX and FTM fans, Uniglo is built atop the venerable Ethereum blockchain. So what does Uniglo have that other DeFi platforms don’t have? The fact is that it has not only come up with the simplest diversification and long-term investment scheme in the cryptoverse. Even more powerful, it has developed tokenomics that all but entire that the price of the token can never tank.
Uniglo (GLO) — the ever-growing digital treasury
The Uniglo investment DAO achieves these two feats of DeFi acrobatics by first making diversified investing so simple that even a child could do it. All you have to do to gain exposure to a vast treasure chest of digital assets is simply buy and hold their GLO token. That’s it. And once you buy GLO, you can just sit back and watch the treasury that backs the token grow and grow and grow for many years to come.
This eternal growth is achieved by borrowing a trick from NFT collections called royalties. Whenever anyone buys or sells GLO, they must pay a 5% royalty which gets immediately raked into the treasury, where it stays forever. This means for every transaction, another 10% gets added to the treasury. This happens in bear markets as well as bull markets. The more bearish or bullish the market is, the faster the treasury grows. And if you’re investing long-term, 5% on the front end will seem like nothing in short order.
The madness doesn’t stop there. On top of the eternally inflating treasury, another 2% of every GLO transaction is automatically burned by the smart contract, thus raising the value of the token for all holders. So while the treasury is ballooning, the circulating supply of the token is forever shrinking. Moreover, if the price of GLO falls below the market cap of the treasury, the community can vote to buy GLO off exchanges and burn, baby, burn some more. This all but ensures that the value of the token has no place to go but up.
Uniglo is currently in ICO mode with a projected launch date of Oct. 18. The presale ends either on Oct. 15 or when the allotted token supply sells out, whichever comes first. We do expect it to sell out, so don’t dawdle if you want to get in prior to launch. Keep in mind that presale investors get a great deal. Not only do they benefit from every buyer that comes after them, but they also get their tokens at a discount and avoid the royalties.
With such a simple system, it’s practically inevitable that Uniglo (GLO) will achieve mass adoption over time. And rumor has it that AVAX and FTM developers are now scrambling to come up with investment DAOs of their own. However, with far fewer users than Ethereum (likely forever), Uniglo will always have the advantage.
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Join Presale: https://presale.uniglo.io/register
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