The Internet is a decentralized computer network that lets anyone transmit data to another computer on the network in a permissionless fashion. A blockchain such as Binance Smart Chain or Ethereum is a decentralized computer network that lets anyone transmit money from one computer to another in the form of the native
cryptocurrency.
We can think of blockchains in the same way that we can think of the Internet,
except that we’re in the early days — think America Online days (the first web
platform to see mass adoption). America Online wasn’t the Internet, it was an
application that was built on top of the Internet. DeFi applications such as Uniglo
(GLO) are built on top of layer-1 blockchains such as Binance Smart Chain and
Ethereum (which, in turn, both run on the Internet).
But there’s a more important difference between DeFi applications like Uniglo and
layer-1 blockchains. The fact of the matter is that investing in ETH or BNB (Binance
Coin) is still very risky. It wouldn’t be impossible for these assets to see another 80%
drop in price. Uniglo, on the other hand, has been engineered to be volatility-
resistant. GLO is a treasury-backed token and the more volatile the markets
become, the more money flows into that treasury.
How’s that? Uniglo is a DAO. Everyone who joins the DAO by buying GLO tokens pays a 5%
royalty to the treasury. And anyone who sells GLO leaves 5% behind in the treasury.
That means 10% of every sale ends up in the treasury. And that means the treasury
is always growing no matter whether we’re in a bear market or a bull market. This
tokenomics scheme discourages short-term speculation and FUD-driven sell-offs
and encourages long-term holding.
But what exactly does Uniglo do? The idea is for the community to work together to
invest the treasury into a diverse basket of digital assets with long-term investment
potential. This will likely include digital assets lick cryptocurrencies and NFTs, but
also tokenized assets like stocks, gold, investment-grade art and collectibles, and
anything else that be tokenized. (Who knows what that will include in the future?)
The idea is to keep money flowing into the treasury until the “assets under
management,” if you will, exceed the market cap of the token. With 10% of every
transaction consistently flowing into the treasury, that shouldn’t take very long.
Uniglo is currently in ICO mode (initial coin offering). As we all know, the best time
to get into a token is during the ICO. It runs until mid-October or until it sells out. If
it doesn’t sell out, all unsold tokens will be burned and no new tokens will be
minted. At that point, a dual burn mechanism kicks in. First, 2% of every transaction
is burned. Second, if it makes good investment sense, the community can vote to
buy tokens off of exchanges and burn them.
So not only is the treasury constantly growing, the circulating supply of the GLO
token is constantly shrinking. Again, the more volatile ETH and BNB are, the faster
the treasury grows and the GLO supply shrinks. As you might have guessed, this
tokenomic scheme is designed to greatly reward ICO investors.
Even a small investment in GLO today could turn into a massive treasure trove in a
decade or two. ETH and BNB? Who knows. They could go the way of America
Online.
Learn more here:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
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