In the past few years, we’ve seen a tsunami of blockchains, cryptocurrencies, tokens, and NFT collections. It’s been clear to anyone with good sense that the crypto market was in a bubble with heavily overinflated valuations on nascent networks, niche DeFi platforms, meme-powered tokens, and cartoon animal jpegs.
When all is said and done, what’s important to long-term investors is inherent value and utility, not speculation. If an asset has no inherent value other than what people imagine it has, unless it somehow achieves mass adoption, it’s eventually going to not be competitive with projects that have real value.
While the entire altcoin market was hitting the bottom of the barrel to the tune of 90%-plus drops in price, DAOs with actual assets behind them began taking over the world. Even the Bored Ape Yacht Club is now a DAO.
A DAO is a distributed autonomous organization. There’s no corporation behind it, no shareholders, no board of directors, and no profits. All of the operations are voted on by those who hold the DAO’s native token.
A couple of good examples of DAO tokens that have inherent value and utility are Maker DAO (MKR) and BitDAO (BIT). Maker allows users to leverage assets to generate Dai – a community-managed decentralized cryptocurrency that tracks the price of USD. Each DAI token is backed by some other asset. And BitDAO is a DAO with billions in existing assets. The plan is to invest those assets into promising web3 projects.
Now there’s a new treasury-backed asset on the block called Uniglo (GLO). It’s another investment DAO. But it has a twist. The tokenomics have been specifically designed to attract long-term investors while thwarting short-term speculators. Moreover, the tokenomics of GLO greatly favor ICO investors. The Uniglo ICO is underway and runs until mid-October or until the supply of GLO sells out.
Upon launch, the treasury will be worth less than the market cap. But the idea is that it gets bigger and bigger over time until the token’s value is completely backed by valuable assets.
How does it get there? It uses a trick learned from NFTs. A 10% royalty on all aftermarket sales gets raked into the treasury. 5% comes from the buyer and 5% comes from the seller. What this means is that money is constantly flowing into the treasury no matter which way the market is headed. Moreover, the more volatile the markets get, the faster the treasury grows.
Also, 2% of all aftermarket sales of GLO is automatically burned. So just as the treasury is constantly growing, the circulating supply is constantly falling. For ICO investors, even a small investment today could turn into a golden nest egg in the coming years and decades.
Learn more here
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
