Nemesis DAO Whitepaper
Nemesis DAO Documentation
Nemesis DAO is what’s known as a decentralized reserve currency protocol. Built on the Binance Smart chain, each NMS token is backed by a basket of assets (BUSD, LPs, etc.) in the Nemesis treasury, giving it an intrinsic value that it cannot fall below.
NemesisDAO aims to create the go-to reserve currency that the BSC needs while optimizing for short & long-term profit for holders of the NMS token. Our unique project introduces economic and game-theoretic dynamics into the market through staking and bonding to achieve this.
One of our primary goals is for NMS to be a common trading pair on the BSC, which is backed by real assets. We want to build a policy-controlled currency system, in which the behavior of the NMS token is controlled at a high level by the DAO in a way that serves the majority. In the long term, we believe this system can be used to optimize for stability and consistency so that NMS can function as a global unit-of-account and medium-of-exchange currency.
Participating in Nemesis DAO is simple and rewarding. There are two main strategies for users of Nemesis DAO: staking and bonding. Stakers stake their NMS tokens in return for more NMS tokens, while bonders provide LP or BUSD tokens in exchange for discounted NMS tokens after a fixed vesting period, meaning your tokens will be dripped to you bit by bit.
We are a community-driven DAO and governance participants can get involved on our forum and through discussions on our Discord. Join us there and you’ll soon see firsthand that the lifeblood of Nemesis DAO is our loyal members and contributors. We are a community-driven protocol and are always looking for new community members to contribute.
Along with being part of a forward-thinking and driven community, there are several ways you can benefit financially from Nemesis DAO. The main benefit for stakers comes from supply growth. The protocol mints new NMS tokens from the treasury, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit. And who doesn’t love passive income?
Alternatively, the main benefit for minters/bonders comes from price consistency. Minters/bonders commit capital upfront and are promised a fixed return at a set point in time; that return is given in NMS tokens and thus the minter's profit would depend on NMS price when the minted NMS matures. Taking this into consideration, minters benefit from a rising or static price for the NMS token! These are the two main ways NemesisDAO can generate wealth for you.!
No one. That’s the beauty of a DAO. We all govern Nemesis DAO together, and because our community is so engaged and devoted, all decisions will be formed by community members on the forum and made by token holders through snapshot voting.
Last modified 1yr ago