DAOs are the future. It’s an acronym for decentralized autonomous organization. Unlike a corporation, a DAO has no central authority and no top-down management. All decisions on the activities of the organization are made by the community (token holders).
A popular example of a DAO is ApeCoin DAO. The DAO was founded by Yuga Labs, the creator of the popular Bored Ape Yacht Club (BAYC) NFT collection. ApeCoin enables holders to participate in the governance of the DAO and enjoy various features of the ecosystem, such as games, events, merchandise, and services.
Another example that’s more finance-oriented is AAVE. Aave DAO is a non-custodial, decentralized market-making system that lets users lend and borrow Bitcoin (BTC). By locking BTC into a smart contract, users can generate passive income while also supplying liquidity to the BTC market.
DAOs can bind together all kinds of communities. For example an investment community. Investment clubs, where members get together and decide how to invest the club’s treasury, have been around for decades.
Smart contracts and digital ledgers have totally changed the game. Uniglo.io is the modern version of an investment club. In order to be part of the community all you have to do is buy and hold GLO tokens. Members of the community vote on which digital assets to invest in. Voting is not a requirement. You can just sit back and enjoy the ride.
Some of the investments that Uniglo.io will be focusing on include cryptocurrencies, NFTs, and tokenized assets such as gold, art, collectibles, rarities, etc. If it can be stored on a blockchain it’s fair game. Everyone who holds the token owns a share of the treasury.
We say, “will be focusing on,” because the platform itself has not launched yet. It’s scheduled to launch in mid-October. However, the GLO token is currently in presale mode. Interested crypto investors can buy GLO tokens at a discounted price prior to going onto exchanges. The tokenomics of GLO greatly favor early adopters, especially those who participate in the presale.
The Uniglo treasury is funded by a 5% royalty on all sales and purchases of GLO tokens. Once these funds hit the treasury, they never come out again, so anyone who joins the club adds to the treasury, and anyone who wants to leave the club must leave a small portion of their holdings behind. This means the treasury is constantly growing no matter which way the market is headed.
Additionally, a double burn mechanism assures that the GLO token is eternally deflationary. A 1% royalty on sales and buys will be used to buy GLO tokens off of public exchanges removing them permanently from the circulating supply thus raising the value of the token. Also, profit taking on treasury assets is used to burn tokens. What this means is that as more and more people join the DAO and as the treasury grows larger and larger, the circulating supply of GLO is continually falling and the value is continually increasing.
You can learn more at the Uniglo.io website. While you’re there, you can get in on the presale. Uniglo makes crypto investing so simple that it’s almost guaranteed to see mass adoption. If this happens, early investors could very well see life-changing gains.
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