A core part of any protocol launch is ensuring the constant inflow of investors and a continual increase of exposure to the general market. Uniglo has already been enjoying a steady influx of investors and those that share the long-term vision of the Uniglo team and, at the same time, appear on the radar of a number of other large crypto organizations. We pass on here what we have heard floating around the communities we research in.
Uniglo
Uniglo, finding itself on the brink of its launch date, is a vault-backed protocol that purchases real world tokenized assets in order to maintain price stability. Alongside this, an in-built burn mechanism continuously reduces the supply through the trading of the token, increasing the vault share per token. These real world assets, being much less volatile than cryptocurrency despite still gaining value year after year, will create solid ground support for price action. In addition to these more stable assets, a small set of more volatile asset trades will be carried out to assist in boosting the vault size and ensure continued growth. As the vault continues to expand in size, those that are able to gain their share early on will likely be very happy with the results over time.
Presale Progress
Already in the third phase of presale and pushing quickly towards fully sold out, the Uniglo presale has already increased in price a number of times due to demand. Although confirmed to be launching on Ethereum, it has been rumored that the Solana Foundation has approached the Uniglo team with a view to pushing multichain for their vault and token soon afterward. This would seem likely with the Foundation grants still running and investing in start-up projects and the Solana ecosystem NFTs currently in high demand from the public.
The Grant
Grants are funds given to a protocol to aid with start-up costs and development. These are not investments from the Foundation itself, nor do they require relinquishing of tokens. This is the most bullish kind of investment as it shows that a blockchain foundation believes the benefits of attracting the protocol to the network far outweigh receiving any token allocation or share due to the way the protocol would fit in with the ecosystem as a whole.
Conclusion
With Solana Foundation likely interested in bringing Uniglo to their blockchain, it brings forward the conversation about the scenario of other chains also providing grants to attract the team to go fully multichain. With the resources of several blockchain foundations behind them, it would be highly likely for Uniglo to reach at least the top 100 crypto list.
Learn more:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
Telegram: https://t.me/GloFoundation
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