If you haven’t heard yet, Dogechain is a newly-launched blockchain platform that lets Dogecoin (DOGE) holders use their stack for DeFi investing, NFTs, and more. Dogechain is not a layer-2 scaling solution like Polygon (MATIC). Instead, it’s an actual blockchain that hopes to attract developers of new DeFi platforms. However, when you come out of the gate and try to compete with the most significant and baddest kid on the block — namely Ethereum (ETH) — you’re bound to get knocked out sooner or later.
One of the latest DeFi projects adopted by Ethereum DeFi whales is called Uniglo (GLO). Adopted might not be the right word here because Uniglo hasn’t been born yet. The platform launches in mid-October. In the meantime, you can get in on the initial coin offering (ICO) at a discounted price before GLO goes onto exchanges. So what’s so special about Uniglo?
Uniglo is an investment DAO with a treasury-backed token. The goal of the DAO is to build up a massive treasure trove of investments. That means everyone who holds GLO owns a piece of a diversified basket of digital assets. Moreover, holders get to vote on which assets the treasury invests in. Assets could include crypto and NFTs and any asset that can be tokenized, such as stocks, gold, real estate, and much more. Building this kind of portfolio is impossible just by using any other single DeFi platform or crypto exchange.
The thing is, the tokenomics of Uniglo are unique. The developers have devised a way to create a token that loves volatility. So while other DAOs are on a roller coaster ride, GLO is designed to do well in both bull and bear markets. This trick is accomplished through a tactic borrowed from NFTs. Each time anyone buys or sells GLO (after launch) must pay a 5% royalty which goes into the treasury. This means that the treasury is constantly growing no matter which way the market is headed.
Also, the token itself is eternally deflationary. Any time anyone buys or sells GLO, 1% of their stack is burned. So, once again, the more volatile the market, the faster the circulating supply of the token falls and the faster each hodlers’ share of the treasury grows.
GLO is a coin for early adopters seeking an ICO advantage. If you get in before launch, you can sit back and watch the treasury grow and the circulating supply fall. If this project gains mass adoption as we believe it will, then even a tiny presale investment could turn into a very comfortable retirement fund or pay for your kids’ college at some point.
To get into the ICO, visit the Uniglo.io website. While you’re there, you can learn more about the exciting tokenomics of this project.
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Join Presale: https://presale.uniglo.io/register