BitDAO (BIT) is a decentralized autonomous organization that’s managed by holders of BIT tokens. BitDAO is one of the largest DAOs on the planet. Founded by Bybit, a Chinese derivatives exchange, early investors include big names like Peter Thiel, Pantera Capital, and Dragonfly Capital. And Waves (WAVES) is a multi-purpose blockchain platform. Since its launch, several popular platforms have been built atop including Gravity, a cross-chain and oracle network, and Neutrino, a decentralized finance (DeFi) platform.
Both of these assets have been on a roller coaster ride from heck over the course of the past year. With the market now turning around — albeit slowly — there’s a chance that they can take off again. However, we’re betting that a brand new, lesser-known asset is going to outperform these and most other altcoins in the coming years and decades.
We’re talking about a new investment DAO called Uniglo (GLO). Why do we think a new kid on the block can outperform? First, launching prior to the next bull run gives GLO the advantage of having no psychological price resistance levels to overcome. Second, Uniglo makes diversified investing so simple that it truly has a shot at mass adoption. Third, the GLO token is eternally deflationary. Fourth, the treasury is eternally growing. And fifth, everyone knows that the best time to get in on a DeFi platform is prior to launch, while the initial coin offering is still underway.
Let’s look at those points one at a time.
First, because it’s launching prior to the next bull run, GLO will be in price discovery mode for years to come. And being a 100% treasury-backed DeFi token, it’s not going to be affected as much by market sentiment. Literally, the sky is the limit if Uniglo gains mainstream acceptance.
This leads to point number two. If crypto investing is going to see mass adoption it needs to be super-simplified. All you have to do to gain exposure to a diverse basket of digital assets is buy and hold GLO — done. The mission is to grow a massive treasure trove of diversified assets. GLO holders can just sit back and watch the treasure grow.
Third, two different burn mechanisms, one automated by smart contracts and the other voted on by the community assure that GLO is eternally deflationary. Moreover, all tokens that remain unsold during the presale will be burned prior to launch. No new GLO tokens will be minted — ever.
Fourth, although money continues to flow into the treasury for as long as the DAO is trading, none ever comes out. When you join the DAO (buy GLO) you contribute 5% to the treasury. And when you leave (sell GLO) you leave 5% behind. Thus the treasury will be growing no matter what direction the market is headed. The more the crypto market goes up and down, the faster the treasury grows.
And the final point is the fact that Uniglo is currently hosting an initial coin offering (ICO). You can buy GLO tokens in the private presale for under 2¢ on the Unilglo.io website. But hurry, because this ICO, like many before it, is all but guaranteed to sell out prior to launch.
Tokenomics heavily favor pre-launch investors. If this project takes off, a small investment now could turn into a nice nest egg by the time you retire or your kids are ready for college.