Uniglo.io is backed by Pax Gold, Tether, Bitcoin and NFTs like Bored Ape Yacht Club

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Uniglo.io is a community-based social currency backed by digitized physical assets, digital currencies and rare NFTs, accepting scarcity through its unique ultra-burn process. Pax Gold (PAXG), Tether (USDT), Bitcoin (BTC) and Bored Ape NFTs are just some of the few stored in the GLO vault. But what is the core idea of the safe?

Uniglo (GLO) Treasury Vault

Uniglo organizes the humble treasury mechanism, enhanced by a 5% buy and sell fee, to get more assets for the vault.

Notice

The assets in the Uniglo Vault provide GLO with a natural floor price and will appreciate in value over time. Stables, large-cap cryptocurrencies that appreciate in value over time, and small-cap cryptocurrencies for growth speculation are kept in the vault as a buffer against market fluctuations. As assets become more tokenized, the vault will also feature art, gold, and other expensive collectibles, as well as promoted real assets.

Fiat depreciates with inflation, the value of digital assets is volatile, and Uniglo offers investors an alternative. Due to the range of assets collected, the GLO token acts as a single investment vehicle for an effectively hedged diversified portfolio. This value-backed floating point currency is suitable for investors with a long-term view.

Pax Gold (PAXG)

The developers of Paxos Standard (PAX) announced Pax Gold (PAXG), a gold-backed cryptocurrency, in September 2019.

It is based on the Ethereum blockchain which stands out from the growing range of ERC-20 tokens as it is backed by a known commodity. One of Pax Gold’s main goals is to make gold investing more accessible.

Tether (USDT)

Tether, a company based in Hong Kong, created the USDT stable, which is pegged to the value of the US dollar. To keep the token peg to the US dollar, Tether must hold commercial paper, escrow, cash, reserve repurchase notes, and Treasury bills equal to the amount of USDT in circulation.

The most significant thing about USDT is that Tether guarantees that its value is permanently pegged to the US dollar.

Bitcoin (BTC)

Bitcoin is a peer-to-peer digital currency, meaning that all transactions occur directly between equal, independent network participants without an intermediary.

The peculiarity of Bitcoin is that it was the first cryptocurrency to hit the market.

The millions of enthusiasts who create, invest, trade and use Bitcoin and other cryptocurrencies every day have created a global community and launched a whole new economy. The birth of the first cryptocurrency laid the intellectual and technical foundation for hundreds of competing enterprises.

Bored Ape Yacht Club

Bored Ape Yacht Club (BAYC) is a collection of 10,000 Ethereum-based non-fungible tokens (NFTs) representing digital art. Having gained international fame and notoriety, the Bored Ape is a symbol of the remarkable rise of the NFT industry.

Once sold for hundreds of dollars, Bored Apes are now sold for millions of dollars due to their huge popularity within the crypto community and internet culture in general. Bored Apes owners are BAYC members and get access to benefits like secret online slots, unique merchandise, and members-only live events.

Conclusion

As we see, Uniglo’s unique vault is able to give the GLO token the stability of stables like Tether and the growth potential of Bitcoin or Bored Ape NFTs. Just in the last month, the price of Uniglo has increased by a whopping 45%, which shows the huge potential of the project and future growth in adoption.

More information about Uniglo:

Take part in a pre-sale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Disagreement: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1

Last updated on 14 October 2022