The bear market has irrevocably changed the face of cryptocurrency and the nature of investors within the sphere. Investors who were once preoccupied with price action and hype have become more focused on value propositions. This has proved the best method to navigate the bear market, which has killed projects driven solely by hype devoid of real-world utility.
The entire digital asset space has refocused from value capture toward value creation, and the top projects display this. Uniglo (GLO), currently in its ICO (Initial Coin Offering) phase, has drawn vast swathes of capital. This DAO-governed social currency is positioning itself to enjoy a momentous rally when the market reverses. It has even outpaced established DAOs such as Maker (MKR) and Decred (DCR).
Uniglo (GLO)
Uniglo continues to thrive in the prevailing market conditions and, due to its unique protocol design, is a project that will succeed during the bear and then fly during the bull. By offering a viable long-term store of value, Uniglo has put itself above and beyond the vast majority of DeFi protocols. This focus on value creation makes it an outstanding protocol.
How is this Possible?
Uniglo leverages buy and sell taxes to create revenue streams that fund value-creation mechanisms. One of these is the purchase of assets stored in the Uniglo Vault. This gives GLO a value-backed price. Because physical and digital assets are stored, diversification protects against market downturns. The exposure to high-end tangible goods such as real estate and fine art constitutes its bear-proof nature. Because the Vault holds large, mid, and small-cap cryptos when the bull market arrives, its valuation will shoot up violently, and this growth speculation allows it to flourish in the bull market.
On top of this, GLO is the first hyper-deflationary token in DeFi which further guarantees a continuously appreciating price as the total supply reduces, thanks to the Ultra Burn mechanism implemented by developers.
Maker (MKR)
MKR is the governance token of Maker DAO and Maker Protocol. This token entitles holders to voting rights as to how the Maker project develops and being a governance token, its success is inextricably tied to the fate of the protocol.
Maker protocol has minted more than $6 billion of DAI- a decentralized stablecoin- bringing the benefits of digitized dollars to a global audience. Driven by this huge adoption, MKR has rallied significantly and become a core building block of many DeFi protocols.
Decred (DCR)
Decred brands itself as money evolved, and there is plenty of truth to this statement. By synthesizing the PoW (Proof of Work) and PoS (Proof of Stake) consensus mechanisms, Decred introduces privacy and sovereignty-focused currency that puts the power of finances back in the hands of the people.
Purpose-built to resist large entities controlling the DAO, Decred is built for the public benefit and represents an excellent investment for investors who want to maintain privacy and truly control their assets.
Find Out More Here
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
