If you happen to haven’t heard but, Dogechain is a newly-launched blockchain platform that lets Dogecoin (DOGE) holders use their stack for DeFi investing, NFTs, and extra. Dogechain isn’t a layer-2 scaling resolution like Polygon (MATIC). As a substitute, it’s an precise blockchain that hopes to draw builders of latest DeFi platforms. Nevertheless, once you come out of the gate and attempt to compete with probably the most important and baddest child on the block — particularly Ethereum (ETH) — you’re sure to get knocked out eventually.
One of many newest DeFi tasks adopted by Ethereum DeFi whales known as Uniglo (GLO). Adopted won’t be the best phrase right here as a result of Uniglo hasn’t been born but. The platform launches in mid-October. Within the meantime, you may get in on the preliminary coin providing (ICO) at a reduced worth earlier than GLO goes onto exchanges. So what’s so particular about Uniglo?
Uniglo is an funding DAO with a treasury-backed token. The purpose of the DAO is to construct up an enormous treasure trove of investments. Meaning everybody who holds GLO owns a chunk of a diversified basket of digital belongings. Furthermore, holders get to vote on which belongings the treasury invests in. Property might embody crypto and NFTs and any asset that may be tokenized, equivalent to shares, gold, actual property, and rather more. Constructing this type of portfolio is not possible simply by utilizing every other single DeFi platform or crypto alternate.
The factor is, the tokenomics of Uniglo are distinctive. The builders have devised a method to create a token that loves volatility. So whereas different DAOs are on a curler coaster trip, GLO is designed to do nicely in each bull and bear markets. This trick is achieved by a tactic borrowed from NFTs. Every time anybody buys or sells GLO (after launch) should pay a 5% royalty which works into the treasury. Because of this the treasury is continually rising irrespective of which approach the market is headed.
Additionally, the token itself is eternally deflationary. Any time anybody buys or sells GLO, 1% of their stack is burned. So, as soon as once more, the extra risky the market, the sooner the circulating provide of the token falls and the sooner every hodlers’ share of the treasury grows.
GLO is a coin for early adopters searching for an ICO benefit. If you happen to get in earlier than launch, you may sit again and watch the treasury develop and the circulating provide fall. If this venture positive factors mass adoption as we consider it should, then even a tiny presale funding might flip into a really snug retirement fund or pay to your youngsters’ faculty in some unspecified time in the future.
To get into the ICO, go to the Uniglo.io web site. When you’re there, you may be taught extra concerning the thrilling tokenomics of this venture.
Study extra right here
Be part of Presale: https://presale.uniglo.io/register
Web site: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
