1613526921
From Q4 2020 we’ve taken strategic steps to refine our approach and direction going forward, continuing our relentless focus on DeFi. Stepping into 2021 with a stronger management board, we are thrilled to start a new year with lots of confidence and excitement.
Today, we’d like to announce the launch of Midas Dollar (MDO), an algorithmic stablecoin running on Binance Smart Chain. Midas Dollar is an innovative solution that can adjust its supply deterministically to move the price of the token in the direction of a target price to bring programmability and interoperability to DeFi. One of the biggest issues of all current algorithmic stablecoins right now is utility. We are glad that MDO has use-cases right away.
Inspired by Basis and its predecessors (Empty Set Dollar and bDollar), Midas Dollar is a multi-token protocol that consists of three tokens: MDO (the algorithmic stablecoin), Midas Dollar Shares (or MDS, which holders can claim MDO inflation when the network expands), and Midas Dollar Bonds (or MDB, which can be purchased at 1:1 rate when the network is in contraction and can be redeemed with premium for MDO the network returns to its inflationary state, above the $1 peg).
When MDO price is below the target price of $1, token holders can purchase Midas Dollar Bonds (MDB) by burning MDO to reduce the circulating supply with a 1:1 ratio, and Bonds will be burnt when users redeem MDO with a premium bonus.
In case of redemption, an amount of MDO will be minted according to the TWAP at the beginning of the epoch (for example, if the MDO price is $1.1 then one Bond burnt will get back 1.1 MDO). Important to note is that Bonds have no expiry after purchase.
When MDO price is above the 1$ peg, the token supply will have to expand to push it back down to 1$ and the contract will allow the redemption of the MDB.
When the price of MDO continues trading above the $1 target price after bond redemption, the contract mints an appropriate amount of new MDO. This will be distributed to the Boardroom Stakers.
This three token system creates incentives through seigniorage, always pushing MDO towards its peg. MDS is used to redistribute the seigniorage from inflating the asset, while MDB is used to establish a price floor while MDO is in its deflationary state.
This is a fund established to support MDO ecosystem:
Midas Vault is a yield aggregator that maximizes the income potential of your assets from the Binance Smart Chain ecosystem in just one step.
Midas Vault automatically optimizes and executes the optimal investment strategies for users to achieve maximum yield.
Part of the vault’s profit shall be distributed to MDS owners.
More details will be announced soon.
The common problem of AMM DEXes currently is their sub-optimal use of funds. Most assets are mainly reserved for liquidity pools, without earning meaningful returns. This is just like a bank having all of its assets lying idle without earning any interest.
Midas team has been working on an AMM DEX that aims to solve this problem. This DEX will reserve a sufficient portion of liquidity for swapping needs of all users. The remaining shall be allocated to Midas Vault to generate yield from optimal investment strategies on the Binance Smart Chain DeFi ecosystem.
MiDEX shall use MDS as the governance token.
More details on MiDEX shall be announced soon.
The airdrop is organized on a first come — first serve basis, until the whole 9,000 MDO is fully distributed. Each wallet can claim a maximum of 2 MDO.
Reward rate for Bank pools from Day 1
Block countdown: https://bscscan.com/block/countdown/4702800 ( Mon Feb 08 2021 22:00:00 SGT)
MDS has a maximum total supply of 21,000 tokens.
Both are vested linearly over 12 months.
The remaining 17,500 MDS are allocated for incentivizing Liquidity Providers, as follows:
Duration: 12 months
To participate in the protocol, visit the Banks dashboard here, and select your preferred pool.
Boardroom opens 5 days after the launch: 13/02/2021.
Midas Dollar is the latest product of the Midas Protocol ecosystem as we are strong supporters of algorithmic stablecoins in particular and DeFi in general. However, MDO is an experiment, and participants should take great caution and learn more about the seigniorage concept and supply expansion and contraction mechanism to avoid any potential loss.
Looking for more information…
☞ Website ☞ Explorer ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board ☞ Coinmarketcap
Would you like to earn MDO right now! ☞ CLICK HERE
*Top exchanges for token-coin trading. Follow instructions and make unlimited money *
☞ Binance ☞ Bittrex ☞ Poloniex ☞ Bitfinex ☞ Huobi
Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!
Read more ☞ What is Midas Dollar Share (MDS) | What is Midas Dollar Share token | What is MDS token
#blockchain #bitcoin #crypto #midas dollar #mdo
1613526921
From Q4 2020 we’ve taken strategic steps to refine our approach and direction going forward, continuing our relentless focus on DeFi. Stepping into 2021 with a stronger management board, we are thrilled to start a new year with lots of confidence and excitement.
Today, we’d like to announce the launch of Midas Dollar (MDO), an algorithmic stablecoin running on Binance Smart Chain. Midas Dollar is an innovative solution that can adjust its supply deterministically to move the price of the token in the direction of a target price to bring programmability and interoperability to DeFi. One of the biggest issues of all current algorithmic stablecoins right now is utility. We are glad that MDO has use-cases right away.
Inspired by Basis and its predecessors (Empty Set Dollar and bDollar), Midas Dollar is a multi-token protocol that consists of three tokens: MDO (the algorithmic stablecoin), Midas Dollar Shares (or MDS, which holders can claim MDO inflation when the network expands), and Midas Dollar Bonds (or MDB, which can be purchased at 1:1 rate when the network is in contraction and can be redeemed with premium for MDO the network returns to its inflationary state, above the $1 peg).
When MDO price is below the target price of $1, token holders can purchase Midas Dollar Bonds (MDB) by burning MDO to reduce the circulating supply with a 1:1 ratio, and Bonds will be burnt when users redeem MDO with a premium bonus.
In case of redemption, an amount of MDO will be minted according to the TWAP at the beginning of the epoch (for example, if the MDO price is $1.1 then one Bond burnt will get back 1.1 MDO). Important to note is that Bonds have no expiry after purchase.
When MDO price is above the 1$ peg, the token supply will have to expand to push it back down to 1$ and the contract will allow the redemption of the MDB.
When the price of MDO continues trading above the $1 target price after bond redemption, the contract mints an appropriate amount of new MDO. This will be distributed to the Boardroom Stakers.
This three token system creates incentives through seigniorage, always pushing MDO towards its peg. MDS is used to redistribute the seigniorage from inflating the asset, while MDB is used to establish a price floor while MDO is in its deflationary state.
This is a fund established to support MDO ecosystem:
Midas Vault is a yield aggregator that maximizes the income potential of your assets from the Binance Smart Chain ecosystem in just one step.
Midas Vault automatically optimizes and executes the optimal investment strategies for users to achieve maximum yield.
Part of the vault’s profit shall be distributed to MDS owners.
More details will be announced soon.
The common problem of AMM DEXes currently is their sub-optimal use of funds. Most assets are mainly reserved for liquidity pools, without earning meaningful returns. This is just like a bank having all of its assets lying idle without earning any interest.
Midas team has been working on an AMM DEX that aims to solve this problem. This DEX will reserve a sufficient portion of liquidity for swapping needs of all users. The remaining shall be allocated to Midas Vault to generate yield from optimal investment strategies on the Binance Smart Chain DeFi ecosystem.
MiDEX shall use MDS as the governance token.
More details on MiDEX shall be announced soon.
The airdrop is organized on a first come — first serve basis, until the whole 9,000 MDO is fully distributed. Each wallet can claim a maximum of 2 MDO.
Reward rate for Bank pools from Day 1
Block countdown: https://bscscan.com/block/countdown/4702800 ( Mon Feb 08 2021 22:00:00 SGT)
MDS has a maximum total supply of 21,000 tokens.
Both are vested linearly over 12 months.
The remaining 17,500 MDS are allocated for incentivizing Liquidity Providers, as follows:
Duration: 12 months
To participate in the protocol, visit the Banks dashboard here, and select your preferred pool.
Boardroom opens 5 days after the launch: 13/02/2021.
Midas Dollar is the latest product of the Midas Protocol ecosystem as we are strong supporters of algorithmic stablecoins in particular and DeFi in general. However, MDO is an experiment, and participants should take great caution and learn more about the seigniorage concept and supply expansion and contraction mechanism to avoid any potential loss.
Looking for more information…
☞ Website ☞ Explorer ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board ☞ Coinmarketcap
Would you like to earn MDO right now! ☞ CLICK HERE
*Top exchanges for token-coin trading. Follow instructions and make unlimited money *
☞ Binance ☞ Bittrex ☞ Poloniex ☞ Bitfinex ☞ Huobi
Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!
Read more ☞ What is Midas Dollar Share (MDS) | What is Midas Dollar Share token | What is MDS token
#blockchain #bitcoin #crypto #midas dollar #mdo
1622197808
SafeMoon is a decentralized finance (DeFi) token. This token consists of RFI tokenomics and auto-liquidity generating protocol. A DeFi token like SafeMoon has reached the mainstream standards under the Binance Smart Chain. Its success and popularity have been immense, thus, making the majority of the business firms adopt this style of cryptocurrency as an alternative.
A DeFi token like SafeMoon is almost similar to the other crypto-token, but the only difference being that it charges a 10% transaction fee from the users who sell their tokens, in which 5% of the fee is distributed to the remaining SafeMoon owners. This feature rewards the owners for holding onto their tokens.
Read More @ https://bit.ly/3oFbJoJ
#create a defi token like safemoon #defi token like safemoon #safemoon token #safemoon token clone #defi token
1613525906
From Q4 2020 we’ve taken strategic steps to refine our approach and direction going forward, continuing our relentless focus on DeFi. Stepping into 2021 with a stronger management board, we are thrilled to start a new year with lots of confidence and excitement.
Today, we’d like to announce the launch of Midas Dollar (MDO), an algorithmic stablecoin running on Binance Smart Chain. Midas Dollar is an innovative solution that can adjust its supply deterministically to move the price of the token in the direction of a target price to bring programmability and interoperability to DeFi. One of the biggest issues of all current algorithmic stablecoins right now is utility. We are glad that MDO has use-cases right away.
Inspired by Basis and its predecessors (Empty Set Dollar and bDollar), Midas Dollar is a multi-token protocol that consists of three tokens: MDO (the algorithmic stablecoin), Midas Dollar Shares (or MDS, which holders can claim MDO inflation when the network expands), and Midas Dollar Bonds (or MDB, which can be purchased at 1:1 rate when the network is in contraction and can be redeemed with premium for MDO the network returns to its inflationary state, above the $1 peg).
When MDO price is below the target price of $1, token holders can purchase Midas Dollar Bonds (MDB) by burning MDO to reduce the circulating supply with a 1:1 ratio, and Bonds will be burnt when users redeem MDO with a premium bonus.
In case of redemption, an amount of MDO will be minted according to the TWAP at the beginning of the epoch (for example, if the MDO price is $1.1 then one Bond burnt will get back 1.1 MDO). Important to note is that Bonds have no expiry after purchase.
When MDO price is above the 1$ peg, the token supply will have to expand to push it back down to 1$ and the contract will allow the redemption of the MDB.
When the price of MDO continues trading above the $1 target price after bond redemption, the contract mints an appropriate amount of new MDO. This will be distributed to the Boardroom Stakers.
This three token system creates incentives through seigniorage, always pushing MDO towards its peg. MDS is used to redistribute the seigniorage from inflating the asset, while MDB is used to establish a price floor while MDO is in its deflationary state.
This is a fund established to support MDO ecosystem:
Midas Vault is a yield aggregator that maximizes the income potential of your assets from the Binance Smart Chain ecosystem in just one step.
Midas Vault automatically optimizes and executes the optimal investment strategies for users to achieve maximum yield.
Part of the vault’s profit shall be distributed to MDS owners.
More details will be announced soon.
The common problem of AMM DEXes currently is their sub-optimal use of funds. Most assets are mainly reserved for liquidity pools, without earning meaningful returns. This is just like a bank having all of its assets lying idle without earning any interest.
Midas team has been working on an AMM DEX that aims to solve this problem. This DEX will reserve a sufficient portion of liquidity for swapping needs of all users. The remaining shall be allocated to Midas Vault to generate yield from optimal investment strategies on the Binance Smart Chain DeFi ecosystem.
MiDEX shall use MDS as the governance token.
More details on MiDEX shall be announced soon.
The airdrop is organized on a first come — first serve basis, until the whole 9,000 MDO is fully distributed. Each wallet can claim a maximum of 2 MDO.
Reward rate for Bank pools from Day 1
Block countdown: https://bscscan.com/block/countdown/4702800 ( Mon Feb 08 2021 22:00:00 SGT)
MDS has a maximum total supply of 21,000 tokens.
Both are vested linearly over 12 months.
The remaining 17,500 MDS are allocated for incentivizing Liquidity Providers, as follows:
Duration: 12 months
To participate in the protocol, visit the Banks dashboard here, and select your preferred pool.
Boardroom opens 5 days after the launch: 13/02/2021.
Midas Dollar is the latest product of the Midas Protocol ecosystem as we are strong supporters of algorithmic stablecoins in particular and DeFi in general. However, MDO is an experiment, and participants should take great caution and learn more about the seigniorage concept and supply expansion and contraction mechanism to avoid any potential loss.
Looking for more information…
☞ Website ☞ Explorer ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board ☞ Coinmarketcap
Would you like to MDS right now! ☞ CLICK HERE
*Top exchanges for token-coin trading. Follow instructions and make unlimited money *
☞ Binance ☞ Bittrex ☞ Poloniex ☞ Bitfinex ☞ Huobi
Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!
#blockchain #bitcoin #midas dollar share #mds
1621844791
The SafeMoon Token Clone Development is the new trendsetter in the digital world that brought significant changes to benefit the growth of investors’ business in a short period. The SafeMoon token clone is the most widely discussed topic among global users for its value soaring high in the marketplace. The SafeMoon token development is a combination of RFI tokenomics and the auto-liquidity generating process. The SafeMoon token is a replica of decentralized finance (DeFi) tokens that are highly scalable and implemented with tamper-proof security.
The SafeMoon tokens execute efficient functionalities like RFI Static Rewards, Automated Liquidity Provisions, and Automatic Token Burns. The SafeMoon token is considered the most advanced stable coin in the crypto market. It gained global audience attention for managing the stability of asset value without any fluctuations in the marketplace. The SafeMoon token clone is completely decentralized that eliminates the need for intermediaries and benefits the users with less transaction fee and wait time to overtake the traditional banking process.
The SafeMoon Token Clone Development is a promising future for upcoming investors and startups to increase their business revenue in less time. The SafeMoon token clone has great demand in the real world among millions of users for its value in the market. Investors can contact leading Infinite Block Tech to gain proper assistance in developing a world-class SafeMoon token clone that increases the business growth in less time.
#safemoon token #safemoon token clone #safemoon token clone development #defi token
1624230000
How to Buy FEG Token - The EASIEST Method 2021
In today’s video, I will be showing you guys how to buy the FEG token/coin using Trust Wallet and Pancakeswap. This will work for both iOS and Android devices!
📺 The video in this post was made by More LimSanity
The origin of the article: https://www.youtube.com/watch?v=LAVwpiEN6bg
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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Thanks for visiting and watching! Please don’t forget to leave a like, comment and share!
#bitcoin #blockchain #feg token #token #how to buy feg token #how to buy feg token - the easiest method 2021