Nemesis DAO — a decentralized reserve currency protocol, built on the Binance chain. Each NMS token is backed by a basket of assets (BUSD, LP, etc.) in the Nemesis treasury, which gives it an intrinsic value below which it cannot fall.
Description of the Nemesis DAO site
NemesisDAO aims to create the reserve currency that BSC needs while optimizing short-term and long-term profitability for NMS token holders. The unique project introduces economic and game-theoretic dynamics to the market through betting and tying to achieve this goal.
The crypto platform team aims to build a policy-driven currency system, where the behavior of the NMS token is controlled at a high DAO level in a way that caters to the majority. In the long term, the developers believe that this system can help to optimize stability and consistency so that the NMS can function as a global unit of account and currency exchange.
Participation in the Nemesis DAO is simple and rewarding. There are two main strategies for Nemesis DAO users:
| Staking | Stakers are betting on their NMS tokens in exchange for more NMS tokens. |
| Binding | Bonders provide LP or BUSD tokens in exchange for discounted NMS tokens after a fixed transfer period, meaning your tokens will gradually flow to you. |
The protocol mints new NMS tokens from the treasury, most of which are distributed among the participants. Thus, the profit for the stakers will come from their balance with automatic compounding, although price risk remains an important factor.
More about the coin defi protocol
At the moment, White Paper and RoadMap are not available on the site. An introductory document is available instead. It contains a general description of the site.
If you want to stay up to date with all innovations, subscribe to the community on these social networks:
The smart contract doesn’t have an audit.