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Here Is How Uniglo.io (GLO) Has Infinitely More Use Case Than Bitcoin (BTC) And Dogecoin (DOGE)

Mikhailev by Mikhailev
October 4, 2022
in Dogecoin
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Here Is How Uniglo.io (GLO) Has Infinitely More Use Case Than Bitcoin (BTC) And Dogecoin (DOGE)
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One of many buzzwords within the cryptosphere that we hear fairly a bit is the time period “use case.” This implies mainly the issues you are able to do with a digital asset. Issues like paying for file storage or shopping for NFTs. Nonetheless, a very powerful use case for long-term traders is… nicely, investing long-term. That’s it.

In that case, what are you able to do with Bitcoin (BTC)? You should buy it and promote it. The identical goes for Dogecoin (DOGE). Though this meme coin is attempting so as to add some DeFi utility, when it comes proper right down to it, for the typical particular person investor, BTC and DOGE have two use circumstances — you purchase them, and you’ll promote them.

The issue with that is these are unstable belongings, and there’s at all times an opportunity that BTC or DOGE may go zero the day earlier than you retire. Because of this, long-term traders need to diversify. Meaning shopping for an array of belongings in order that if one among them goes to zero, you don’t lose your retirement. Nonetheless, diversified investing is tough, time-consuming, and oftentimes a shedding proposition for a person investor. Enter Uniglo (GLO).

Uniglo (GLO) — One-stop diversified investing

Uniglo is a brand new DeFi token that has infinitely extra use circumstances than BTC and DOGE — that’s, once more, for long-term traders. It’s because this funding DAO has infinite investing choices. The treasury may be invested into Bitcoin or DOGE. It can be invested into every other crypto asset. It can be invested in high-value NFTs. It may be invested in tokenized gold, tokenized shares, tokenized actual property, tokenized rarities, and actually anything that may be tokenized. (Ultimately, all long-term funding automobiles will probably be tokenized.)

So who decides what the Uniglo treasury invests in? The DAO neighborhood, which consists of GLO holders, does. Everybody who holds GLO will get to vote on how the treasury is used, when to take earnings, when to reallocate, and when to purchase again and burn GLO tokens. The latter is prone to occur frequently any time the treasury worth is bigger than the market cap of the token.

The following query is, the place does the cash come from to fund the treasury? That is the place issues get fascinating. Uniglo borrows a technique from NFTs. That’s, each aftermarket sale incurs a royalty fee. Whereas NFT collectors usually pay a royalty solely once they promote (generally 10%), with GLO, each the customer and the vendor pay a 5% royalty. This does a number of issues.

First, it encourages early investing and long-term holding. It additionally discourages day buying and selling and leveraged buying and selling, thus considerably lowering danger and volatility. It additionally assures that the treasury is rising regardless of which method the wind blows. Whether or not we’re in a bear market or a bull market, cash is continually flowing into the treasury. Perpetually. And the extra the market tanks or moons, the sooner the treasury grows.

As you may need surmised, GLO tokenomics significantly favor early traders who can simply sit again and watch the treasury develop 12 months after 12 months after 12 months. Nonetheless, ICO traders have an excellent higher edge. You will get in on the Uniglo ICO at a reduction and accomplish that with out having to pay the royalties.

So you may both make investments piecemeal in a diversified basket of dangerous belongings like BTC and DOGE by yourself, or you may be part of a neighborhood devoted to long-term investing and to constructing a massively diversified treasure trove of belongings. Your selection.

Be taught 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

 

 

Disclaimer: This can be a paid launch. The statements, views and opinions expressed on this column are solely these of the content material supplier and don’t essentially symbolize these of NewsBTC. NewsBTC doesn’t assure the accuracy or timeliness of data accessible in such content material. Do your analysis and make investments at your individual danger.





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