You can tell a lot about a DeFi project by seeing who’s investing in it. Especially when the project is still just an initial coin offering such as Uniglo which launches this coming October. Between now and the time the GLO token goes onto exchanges, the only way you can get some is to take part in the private presale. And to take part in the presale, you need to send crypto to a team wallet. These transactions are public record.
Two of the metaphorical large marine mammal varieties that have been courting Uniglo include XRP and Dogecoin whales. What do they see in this project?
For starters, Uniglo is a DeFi DAO, similar to BitDAO (BIT) in that the goal of the community is to build a massively diversified portfolio of digital assets. Everyone who holds GLO tokens gets to vote on the investment activities of the community. Some of the assets that could fill the vault include cryptocurrencies, NFTs, plus tokenized assets such as gold, art, antiquities, and collectibles that the average individual investor would not have access to. The ability to simply purchase and hold GLO tokens in order to invest in a diversified portfolio gives Uniglo a real shot at mass adoption.
The next box that GLO checks is that it’s a coveted deflationary token. Any tokens left over after the presale ends (if it doesn’t sell out) will be burned and no new tokens will be minted. On top of that, 2% of all aftermarket sales of GLO is burned. What this means is that the circulating supply of GLO is constantly falling no matter which way the market is headed. And finally, if the price needs a shot in the arm, the community can vote to use some of the profits from investing to burn tokens.
Another benefit for early investors is the fact that the treasury is constantly growing. After the platform goes live, 10% of every aftermarket sale of GLO tokens is raked into a treasury that is used for investing. That’s 5% from the seller and 5% from the buyer. Because both buyers and sellers are contributing to the treasury the deposits are constantly growing no matter which way the market is headed.
The Uniglo presale is broken into three phases — currently in phase two. To encourage people to get in early, a number of tokens will be burned at the end of each round thus raising the price for the next round. Currently, $GLO is selling for $0.013.
To take part in the private presale visit the Uniglo.io website. While you’re there, you can check out the project’s innovative whitepaper and learn more about the team.
The fact that Uniglo makes diversified investing so simple gives it a good shot at being the first DeFi token to see mainstream adoption. Even just a small investment prior to launch could balloon into a nice nest egg in the coming years and decades.
Learn more here
Join Presale: https://presale.uniglo.io/register
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.