Place/Date: - August 22nd, 2022 at 10:55 am UTC · 3 min read
There’s one token that’s been gaining a lot of attention recently, and that’s GLO. GLO is still in pre-sale, which means you can invest in it in the early days and hopefully enjoy massive gains as more and more people hear about it. It has recently been mentioned alongside other altcoin successes like Aave and Curve DAO, and many actually believe it could surge even higher in the next few months and years. So why is GLO so great, and what similarities does it share with the likes of AAVE and CRV? Let’s have a look…
Uniglo is the world’s first community-driven ultra-deflationary asset-backed cryptocurrency, and it looks to solve key issues not just in the crypto arena, but also in the wider financial world.
With the GLO vault (built from a sales tax on transactions), users get to enjoy the strongest base price possible thanks to a range of diversified investments. These include other cryptos, NFTs, art, whiskey and more. Importantly, they give the GLO community the chance to own slices of products they might not normally be able to afford, and also enjoy the value of a token that isn’t prone to over-speculation or pumps and dumps. Unlike fiat currencies that lost their asset-backed gold standard many decades ago, GLO cannot be printed. It has a true store of value that’s 1:1 backed by assets to shore up its price. Unlike many other cryptos, it isn’t over-reliant on a major coin like Bitcoin, and can still achieve success without it.
GLO is completely deflationary, at a time when that’s exactly what the world needs. So it can’t be printed via quantitative easing (unlike fiat), but it also utilizes an extremely strong dual-burn mechanism to reduce supply over time. This makes GLO more and more scarce the bigger it gets, giving even more upside for early investors. GLO is also community-driven, with full DAO votes on every major decision, making it one of the strongest offerings to new investors the space has seen for some time. Perhaps ever.
There’s a reason why GLO has been talked about alongside the likes of AAVE and CRV. They’re all strong community-led coins that value their userbase as well as reward them. DAO tokens have been gaining traction recently, but not all of them carry off the strong range of fundamentals like GLO does. Aave and Curve have strong futures in the space, especially as they manage to harness the power of their communities to achieve crypto success, but GLO is perhaps the best DAO token the space has ever seen.
If you want to add some success to your portfolio in the coming months, you might want to consider investing in GLO, the strongest DAO token around that could rival and overtake major players in the DAO space like Curve and Aave real soon.
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