Home / Brand Stories / GLO Sudden Price Spikes Due to ETH Merger And BTC Stabilizing Above 20,000 Mark

There’s talk bubbling underground about what’s going to happen after the Ethereum merge — which happens any day now. A lot of whales have been quietly adding to their position in the apex smart chain in the month leading up to the big event. And looking at futures, it’s apparent that many of them intend to take profits immediately afterwards. 

This will likely result in some whales moving their funds over to Bitcoin and other layer-1 smart chains. However, some whales will be looking for ICOs (initial coin offerings) to sink their profits into. One of the projects that’s generating a lot of buzz is called Uniglo (GLO). Some whales have already pulled some of their ETH profits into GLO. 

Uniglo is an investment DAO. The manifesto is to build a community of individual investors who wish to invest for the long-term by building up a massive treasure chest of digital assets. This could include cryptocurrencies and investment-grade NFTs as well as tokenized gold, fine art, rarities, and anything else that can be tokenized. 

The funds for this treasury come from the holders of the GLO token. When you join the community (buy GLO) you make a very reasonable 5% donation to the treasury. And if you decide to bale (sell GLO), you have to leave 5% behind for those who keep the faith. 

Because of this, interestingly, money is always and forever flowing into the treasury but never flowing out. The only time the treasury can be reduced is if the community decided to buy GLO tokens off of exchanges and burn them. This could happen if either the value of the treasury is greater than the market cap or if the price needs a boost. On top of that, 2% of all GLO transactions are burned as well. While the treasury is constantly growing, the supply of GLO is constantly shrinking.

As you can guess the ones who benefit most from this tokenomics scheme are the ICO investors. There’s no 5% royalty and no 1% burn when you buy presale. ICO investors can just sit back and watch the treasury grow and the supply of GLO shrink year after year. 

Another great aspect of Uniglo is that it’s basically an anonymous way to invest for the long haul. Being that GLO will be purchasable on a DEX, there’s no KYC application. You could sock away your entire fortune in Uniglo and no one would be the wiser. 

You can get in on the presale at the Uniglo.io website. The presale price is currently $0.013 which is a 30% gain on the first found of the presale and will go up again for the next round. The platform itself launches and GLO goes onto exchanges in mid-October. 

Building a massively diversified portfolio of the kind that Uniglo is after would be extremely difficult for an individual investor to handle and it would likely lose money anyway. Uniglo takes advantage of crowdsourced knowledge and makes diversified long-term investing a simple as buying and holding GLO. This simplicity give Uniglo a shot at being the first DeFi DAO to attain mainstream adoption. 

Learn more here

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

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less

Recommended For You

Trending Stocks

Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout