As some previously popular altcoins start fading out of favor, there’s a newcomer on the block that’s attracting converts from the likes of AAVE, Axie Infinity (AXS), Elrond (EGLD), and Filecoin (FIL), all of which have seen massive reductions in their values of greater than -90% this year. That newcomer is Uniglo (GLO). The exciting thing about Uniglo is that if those other altcoins start looking attractive again, you won’t need to buy them. Instead, you can keep holding GLO.
The idea of Uniglo is to build up a treasure chest overflowing with digital assets of all ilk. Not just the usual cryptocurrencies like those mentioned above, but also high-value NFTs and stuff that crypto investors typically don’t have access to. Investments include fine art, rare collectibles, commodities like gold and carbon credits, real estate, and much more. Anything that can be tokenized is fair game for Uniglo.
Uniglo is a DAO. That means the token holders get to decide what they invest in as a community, when to take profits, and whether the price action calls for burning tokens.
Speaking of burning tokens, GLO is an eternally deflationary token. The smart contracts are designed to auto-burn 2% of all transactions. That’s 1% for the seller and 1% for the buyer. Another 10% (5+5) gets raked into the treasury that’s used for investments. This buy-and-sell royalty mechanism assures that the supply of GLO is always falling and that the money flowing into the treasury is always growing. And this is no matter which way the market is headed. The faster the markets fall or rise, the quicker the token supply and the treasury fall and rise, respectively.
As you might guess, tricky tokenomics greatly benefit early investors. And you’ll be glad to know that it’s very early. The platform doesn’t launch until mid-October. So, for now, Uniglo is in ICO mode.
The presale is broken up into three rounds. Round two ends on September 15th. At that point, the token’s price will go up for the next round. Also, any unsold tokens will be burned before launch. Of course, that is if it doesn’t sell out as expected.
The great thing about getting in on the ICO is avoiding the 10% royalty. Instead, you get to sit back after launch and watch the treasury, and your share of it grow bigger and bigger over the coming years and decades.
There’s no other method that makes widely diversified investing as simple as buying and holding one token. You can’t put together the kind of portfolio that Uniglo is building using just a crypto or stock exchange. You’d have to buy multiple ETFs, DAO tokens, and tokenized hard assets and have access to things like fine art and antiquities. This is a dream come true for long-term investors who want to be massively diversified.
If you’re interested in learning more about the GLO ICO, visit the Uniglo.io website.
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Join Presale: https://presale.uniglo.io/register