Metaverse Dao has been trending on the coinmarketcap. The price has decreased by almost 0.16% in the last 24 hours. It has practically remained unchanged. Their native token is known as MDAO. At the time of writing MDAO is being traded at the price of almost $0.001928. It is listed on coinmarketcap on 3270 ranks. The total market cap is around $1.92M. The daily trading volume has increased by almost 23%. It has a total supply of 1B and the circulating supply is 40% i.ie 400M.
A core team of six blockchain specialists founded MetaVerse DAO. With the advent of DAOs, there existed a gap in the Ethereum Blockchain. Our team chose to build a fully immersive, user-interactive DAO on the Ethereum network with the potential to dominate the DAO Defi market.
The Metaverse DAO is a decentralized platform based on the $MDAO token, which the Metaverse DAO collateralizes and backs. The reserve currency for Ethereum will be $MDAO. Metaverse DAO will use the Algorithmic Reserve Currency method, which will be backed up by other decentralized assets, to maintain price stability.
MetaVerse DAO is mainly focused on the long-term and successful distribution of treasury funds. The main goal of the project is to use the user-defined treasury and create NFT games, 3D and Metaverse VR games, as well as directly invest in teams and organizations with a long-term vision for Metaverse games and P2E! Community voting would decide how the project is going to invest in different projects,
How does the Metaverse Dao (MDAO) work
Metaverse Dao has a number of features that make it quite unique.
Treasury Revenue: Liquidity Pool fees and bond sales improve treasury revenue, lock in liquidity, and aid in supply control.
Treasury Growth: Treasury inflows increase the Treasury Balance, which in turn backs existing $MDAO tokens and restricts staking APY.
Staking Rewards: Compounds returns automatically via a treasury-backed token with inherent value.
Funds will be sent from the treasury wallet to be staked across numerous networks in accordance with Metaverse DAO governance, with rewards automatically returned to the dividends pool all investors collect. Governance will establish minimum and maximum return rates for current pools in order to maintain stakes or reinvest from those other pool allocations. In the dApp, all transactions will be presented on the respective pool.
