Follow Us

Here’s How Uniglo.io (GLO) Fits Into Ethereum’s (ETH) DeFi Ecosystem Alongside Uniswap (UNI) And Balancer (BAL)

Share on facebook
Share on twitter
Share on linkedin

Share

Uniglo
Share on facebook
Share on twitter
Share on linkedin

Here’s How Uniglo (GLO) Fits Into Ethereum’s (ETH) DeFi Ecosystem Alongside Uniswap (UNI) And Balancer (BAL)

Ethereum (ETH) is still by far the largest and most used smart blockchain on the planet. Following the recent merge to proof-of-stake consensus, several other upgrades are expected that will increase Ethereum transaction speed and lower the transaction costs. Currently, speed and cost boasting is the domain of so-called Ethereum killers. However, they won’t seem so tough when the bull gets up to speed. 

Ethereum is both the birthplace and the proving ground for DeFi platforms. Uniswap (UNI) is the frontrunner, with something like half of all DeFi volume taking place on this DEX. There are also more sophisticated applications on the rise, such as Balancer (BAL), which lets users add entire portfolios to a liquidity pool. 

However, these applications are still the domain of crypto geeks. If DeFi is going to see mainstream adoption, it needs to be made simple for the average investor. This is where Uniglo (GLO) comes in.  Uniglo (GLO), a crypto treasure chest

Uniglo is an investment DAO (decentralized autonomous organization). Unlike Uniswap and Balancer, its focus is 100% aimed at everyday individuals and long-term investors. The plan is to build a community of like-minded investors who wish to own part of a massively diverse treasure trove of digital assets.

As a holder of the GLO token, you’ll get to vote on how the treasury funds are invested. Along with cryptocurrencies and investment-grade NFTs, the portfolio can also include tokenized real-world assets such as gold, stocks, fine art, real estate, and anything else you can imagine. The tokenomics of GLO are designed to attract and keep long-term hodlers while discouraging short-term trading. This is achieved by charging both buyers and sellers a 5% royalty on aftermarket sales. So no matter which way the market is swinging, money is constantly flowing into the treasury. The more volatile the market, the better. 

In addition to an ever-growing treasury, GLO offers a dual burn mechanism and an ever-shrinking token supply. First, 2% of all transactions are burned automatically by the smart contract. Second, the community can vote to buy back GLO tokens if the price falls below the value of the treasury. 

These features — the inflationary treasury and the deflationary token — should all but eliminate the usual volatility and risk associated with individual crypto investments. While this system benefits early investors, it benefits ICO investors even more. If you hurry, you might be able to get in on the ICO at a reduced rate and avoid paying royalties. The presale ends by October 15 — if it doesn’t sell out first. All unsold tokens will be burned prior to going onto exchanges. 

For DeFi platforms to achieve mass adoption, they need to make services as simple as possible to use. Uniglo achieves this. Just buy and hold the GLO token, and you get exposure to a massively diversified portfolio. That’s simple. And that gives Uniglo a shot at being the first DeFi platform to win mainstream adoption. If that happens as we believe it will, ICO investors could enjoy massive profits over the coming years and decades. 

Learn more here:

Join Presale: https://presale.uniglo.io/register 

Website: https://uniglo.io

Telegram: https://t.me/GloFoundation

Discord: https://discord.gg/a38KRnjQvW

Twitter: https://twitter.com/GloFoundation1

Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.

Download our App for getting faster updates at your fingertips.

en_badge_web_generic.b07819ff-300x116-1

We Recommend

Top Rated Cryptocurrency Exchange

Welcome Back!

Login to your account below

Retrieve your password

Please enter your username or email address to reset your password.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
-
00:00
00:00
Update Required Flash plugin
-
00:00
00:00