Solana (SOL) and Ethereum (ETH) are the two most popular altcoins in terms of market sentiment currently. The most likely scenario is that ETH outperforms SOL over the next month until the epic merge. Then traders will take profits causing a bit of a dip. When that happens, a lot of that money will transfer over to SOL giving it a nice boost. However, these events are likely to be short-lived.
Launching just in time to take advantage of the downturn and the looming bottom of the bear market, a new Investment DAO called Uniglo (which is currently in ICO with a mid-October launch date) could be a nice place to stash your profits for the long haul — If the presale hasn’t sold out already.
Already, if you Google “Uniglo crypto” you’ll see six pages of articles published in a wide variety of crypto news outlets. As the news of the ICO and immanent launch piles up, community sentiment is headed for the moon.
So what is this Uniglo that we speak of? Uniglo is, as we mentioned, an investment DAO. DAOs are run by the community of token holders — in this case, GLO token. All holders of GLO get to vote on the investment activities of the DAO. This includes which assets to invest in, when to take profits, and how many tokens to burn each month.
Some of the assets that the DAO’s whitepaper specifies as being targets include cryptocurrencies and bluechip NFTs as well as tokenized physical assets like gold and collectibles. All you have to do to get exposure to a diverse portfolio of investments — some of which will be beyond the reach of the individual investor — is buy and hold the GLO token.
Compare the simplicity of this strategy to the complexities of trying to put together such a portfolio on your own. Not only does this take a lot of time, but most investors’ piecemeal portfolios also underperform the market. Uniglo DAO takes advantage of “swarm intelligence” (the wisdom of the community) which has proven time and time again to outperform individuals.
Uniglo: Eternally deflationary GLO token, and constantly growing treasury
There are two particular aspects to Uniglo that are important to know upfront.
First, the treasury of capital that is used to invest in these assets will be eternally growing in size. The way it works is investors will donate 5% of their stack to the treasury when they join the community (buy GLO aftermarket). And when someone wants to leave the community (sell their GLO aftermarket), they have to leave behind 5% of their stack. This means the size of the treasury will be constantly growing no matter which way the market is headed. The more volatility, the faster it grows. This both encourages early adoption and discourages speculative trading thus keeping the price of the token stable.
The second thing to know is that two burn mechanisms — one automatic and one manual — assure that the circulating supply of the token is eternally deflationary. If the price of the token seems to be flagging, the community can vote to burn tokens to keep it stable. Also, 2% of all aftermarket sales of GLO is burned automatically. These burns provide even more incentive to arrive early and stay late.
If you’d like to take part in the private presale of GLO pay a visit to the Uniglo.io website. But do it soon because there’s a high likelihood that the GLO ICO will sell out. Currently, the price of the token is $0.013. However, that will be raised each month until launch.
Learn more here
Join Presale: https://presale.uniglo.io/register
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