Uniglo (GLO) Appears To Present Dogecoin (DOGE) Holders That Ethereum (ETH) Nonetheless Attracts Higher Protocols Than Dogechain (DG) – TechCabal

In case you haven’t heard, Dogechain is a newly launched blockchain platform that allows Dogecoin (DOGE) holders to leverage their stack for DeFi investing, NFTs, and more. Dogechain is not a layer 2 scaling solution like Polygon (MATIC). Instead, it is an actual blockchain hoping to attract developers of new DeFi platforms. However, if you come out of the gate and try to compete with the most significant and baddest kid in the business – namely Ethereum (ETH) – you are bound to be knocked out sooner or later.

One of the latest DeFi projects to be adopted by Ethereum DeFi whales is called Uniglo (GLO). Adopted might not be the right word here because Uniglo wasn’t born yet. The platform will start in mid-October. In the meantime, you can participate in the Initial Coin Offering (ICO) at a reduced price before GLO goes public. What is special about Uniglo?

Uniglo is an investment DAO with a treasury-backed token. The aim of the DAO is to build up a huge pool of investments. This means that everyone holding GLO owns a piece of a diversified basket of digital assets. In addition, holders can vote on which assets the treasury invests in. Assets can include crypto and NFTs, as well as any assets that can be tokenized, such as stocks, gold, real estate, and more. Building such a portfolio is impossible just by using any other single DeFi platform or crypto exchange.

The thing is, Uniglo’s tokenomics are unique. The developers found a way to create a token that loves volatility. So while other DAOs are on a rollercoaster ride, GLO is designed to perform well in both bull and bear markets. This trick is accomplished through a tactic borrowed from NFTs. Every time someone buys or sells GLO (after launch) they have to pay a 5% royalty which goes into the treasury. This means that the treasury is constantly growing no matter which way the market is going.

Also, the token itself is perpetually deflationary. Every time someone buys or sells GLO, 1% of their stack is burned. So, again, the more volatile the market, the faster the circulating supply of tokens decreases and the faster each hodler’s share of the treasury grows.

GLO is a coin for early adopters looking for an ICO advantage. If you jump in before takeoff, you can sit back and watch the treasury grow and the circulating supply go down. If this project finds mass acceptance, as we believe, then even a tiny upfront investment could turn into a very comfortable retirement plan or eventually pay for your kids’ college.

To get started with the ICO, visit the Uniglo.io website. While you’re there, you can learn more about the exciting tokenomics of this project.

Learn more here

Join the 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

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