- Paladin #DAO is the decentralized reserve currency protocol available on the BSC Binance Smart Chain based on the PAL token. - Each PAL token is backed by a basket of assets e.g., BUSD, PALBUSD LP Tokens etc etc in the Paladin DAO treasury, giving it an intrinsic value that it cannot fall below. - Paladin DAO also introduces economic and gametheoretic dynamics into the market through staking and minting. - Our goal is to build a policycontrolled currency system, native on the BSC network, in which the behavior of the PAL token is controlled at a high level by the DAO. - In the long term, we believe this system can be used to optimize for stability and consistency so that PAL can function as a global unitofaccount and mediumofexchange currency. - In the short term, we intend to optimize the system for growth and wealth creation.We intend to achieve price flatness for a representative basket of goods without the use of fiat currency, in order to allow the cryptocurrency industry to detach once and for all from the traditional finance worldHow do I participate in Paladin DAOThere are two main strategies for market participants: staking and minting. - Stakers stake their PAL tokens in return for more PAL tokens, while minters provide LP tokens or BUSD tokens in exchange for discounted PAL tokens after a fixed vesting period.How can I benefit from Paladin DAOThe main benefit for stakers comes from supply growth. - The protocol mints new PAL tokens from the treasury, the majority of which are distributed to the stakers. - Thus, the gain for stakers will come from their autocompounding 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.The main benefit for minters comes from price consistency. - Minters commit a capital upfront and are promised a fixed return at a set point in time; that return is given in PAL tokens and thus the minters profit would depend on PAL price when the minted PAL matures. - Taking this into consideration, minters benefit from a rising or static price for the PAL token.
Summary of the coin Paladin DAO
highest price statistics: 17.06 $USD
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