Place/Date: - August 1st, 2022 at 12:19 pm UTC · 3 min read
There are lots of interesting new projects that enter the crypto world every month. But the reality is – many of these disappear without a trace. So how can you spot the good projects, with huge potential, from the worthless ones that are going to disappear? You research their teams, fundamentals, tech and take note of what experts are saying. And there’s one new project that’s been created by an incredible team, has next-level fundamentals, innovative tech and more. It’s also got tons of experts saying great things, and predicting a huge future for it. That project is GLO. It has everything needed to reshape the crypto landscape for the better.
And the great thing about getting involved in a new project at the early stages is if it does go on to achieve success, the upside is massive. This isn’t the same as jumping on BTC when it was already surging past $30,000 a coin. This is like buying BTC when it was $1 or $10. Think how much you could have watched your portfolio grow. So getting in early is a key factor if you pick the right crypto to invest in. And that crypto could be GLO. Let’s look at why…
One key feature of the Uniglo model is with its unique treasury. This treasury is funded via a sales tax on GLO transactions, and is built and kept in a vault to provide a solid asset-backed value, and a price people can have faith in.
There will be full DAO community votes on all major decisions, including what assets the vault purchases. Importantly, GLO’s unique treasury vault will be made up of a range of assets. These assets will include other cryptocurrencies like Ethereum, stablecoins like USDT, NFTs and collectibles. And what sets this vault apart is that it will also include digitized versions of real-world assets like gold, art and more. This gives investors the chance to own a slice of a product they might not previously have been able to afford. It also gives the GLO treasury a gold standard, which creates the asset-backed stability of fiat currencies before they got rid of the gold standard. These factors, combined with ultra-burn technology, continue to make GLO more scarce over time and creates a completely deflationary model.
Both ETH and USDT are very important parts of the crypto economy. Ethereum is the heart of the blockchain world, and one of the most important coins in existence. It looks set to continue to grow with the introduction of ETH 2.0, making speeds quicker and fees lower. USDT provides a stable currency with a price people can understand, and is easy to spend in the crypto world. Both of these are important assets in the GLO vault, alongside other more speculative products like NFTs and collectibles.
GLO’s unique treasury of assets help provide one of the strongest prices we’ve ever seen. It’s not reliant on any one product, and isn’t prone to massive price pumps. That’s why GLO could be the future.
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