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What is Nemesis DAO?
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.
What is the aim of Nemesis DAO?
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.
How do I participate in NemesisDAO?
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.
How can I benefit from Nemesis DAO?
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.!
Who runs Nemesis DAO?
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.
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Results 1 to 6 of 6
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24-12-2021, 02:30 PM #1
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[ANN] Nemesis DAO - Highest Yield on Binance Smart Chain!
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24-12-2021, 09:41 PM #2
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- Jun 2019
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First Buyback and Burn just went through!
50,000.00 USD worth of NMS (83 pcs) bought from the market and burned for good!
Daily Buyback and Burns will continue during the upcoming 10 days.
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14-01-2022, 08:25 PM #3
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- Jun 2019
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High Risk, High Reward, High Burn!
Burn Counter: 7331 NMS
Buyback Counter: 750,000.00 USD
Buyback Blessings: Soon
Buyback Reserves: 830,000.00 USD
Total Reserves: 11,000,000.00 USD
Price Impact: +44%
Supply Impact: -14%
$NMS $OHM $TIME #OHMforks
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22-01-2022, 08:32 AM #4
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- Jun 2019
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Three Consecutive "Golden Buyback and Burn" will be triggered this weekend, everyone! Golden Buybacks worth at least 100,000.00 USD, and the first one is coming in a couple of hours! $NMS $OHM $TIME #OHMForks #DAOs #certikaudited #HotbitAMA #BSCGems #CoinMarketCap #BSCNews
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04-02-2022, 09:50 PM #5
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- Jun 2019
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Our Family #AMA Session #2 Completed!
We have shared all the questions and answers on our Medium page for those who attended and want to read again, or who do not attended and are curious.
You can access it from the link below
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11-02-2022, 01:24 PM #6
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- Jun 2019
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Hello NEMESIS family!
Press Releases are being published one by one
You can access & share the content from the links below
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