As crypto enthusiasts, we love our DAOs. That is decentralized autonomous organizations. Although they are frequently created to make the developers rich, once they launch, there’s no company behind them. Instead, the community entirely runs them — holders of the native token.
Two of these DAOs that killed it early on are Aave (AAVE) and BitDAO (BIT). However, as much as these and similar projects were hyped, they are now badly lagging behind Ethereum (ETH), the mother of more than half of all DeFi platforms.
What’s the problem here? The problem is simple. The crypto market has collapsed, and any tokens that are overvalued are suffering. So is there a way to avoid all this turbulence and volatility? Actually, there is, and Uniglo (GLO) will bring it to you.
Uniglo is a DeFi DAO that’s building a treasury-backed token. The community votes on which assets the treasury will be invested in. However, the devs have put in place mechanisms that — believe it or not — can help it perform well no matter which way the market is headed. In fact, the more volatile the market becomes, the better Uniglo could perform.
The developers achieve these feats of tokenomics engineering by borrowing a trick from the world of NFTs — royalties. And they went NFTs one better. They collect royalties on both the sell and the buy sides. Here’s how it works.
When you join the Uniglo DAO by buying GLO, you must donate 5% of your stack to the treasury. And if you decide to bail and sell, you also leave 5% behind in the treasury. This means that the treasury is constantly growing in bull and bear markets. And the faster things dump or rise, the faster the treasury grows.
But that’s not all. The treasury is ever growing larger, and the circulating supply of the GLO token is also eternally deflationary. So, again, a 1% royalty on all buys and sells is burned. So, once again, the more volatile the market, the faster the supply falls and your share of the treasury grows. On top of that, if the community decides that the price needs a boost, they can vote to use profits from the treasury to buy GLO off exchanges and burn, burn, burn some more.
As you can see, the tokenomics of GLO greatly favor presale investors, which is convenient because Uniglo is currently in ICO mode (initial coin offering). So getting in on this project before it launches in mid-October could be the best investment you’ve ever made. And not just because you avoid the royalties that aftermarket buyers must bear.
Uniglo makes diversified investing so simple that even a kid could do it. Just buy and hold the GLO token, and you get exposure to an eventually-massive treasure trove of digital assets of all kinds. This is just what DeFi needed to achieve mainstream adoption. And if that happens, it’s to the moon for GLO.
Visit Uniglo.io to get in on the presale, but do it quickly, as the price will go up for the last ICO round on September 15th.
Learn more here
Join Presale: https://presale.uniglo.io/register
This news is republished from another source. You can check the original article here