What Is Infinity DAO?(IND)
Infinity DAO is an innovative decentralized reserve currency protocol based on the IND token on the BNB chain. Each IND token is backed by a basket of assets (e.g. USDT) in the treasury, giving it an intrinsic value that it cannot fall below. They are a community-driven DAO that introduces unique economic and game-theoretic dynamics into the market through staking and bonding. These two mechanisms are crucial for creating a sustainable reserve currency while optimising short and long term wealth creation for the holders.
Infinity DAO Coin Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | Infinity DAO |
| Short Name | IND |
| Circulating Supply | 105,652,402.00 MAIN |
| Max Supply | 1,000,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
How Infinity makes a difference in the DeFi world?
Infinity has carried out ODS reform and innovation on the basis of OHM. The ODS model is a new four-in-one technology application, which consists of Olympus, Diamond Chain, Supermarket and Sell Fee. The characteristics and benefits of ODS model are:
- 1.Liquidity is controlled by the protocol itself.
- 2.Get IND token without impermanent loss.
- 3.Staking becomes the choice to maximise income in the game.
- 4.Distribute dividends and rewards from the DAO autonomy to every IND token holder.
- 5.Break the capital rotation of the conventional OHM, use the treasury for other investment purposes and share the profits with the users.
- 6.Reward holders and punish sellers by imposing selling fees and reward them to the holders.
What is the point of Infinity?
The goal is to build a policy-controlled currency system, in which the behavior of the IND token is controlled at a high level by the DAO. In the long term, they believe this system can be used to optimize for stability and consistency, so that IND can function as a global unit-of-account and medium-of-exchange currency. In the short term, we intend to optimize the system for growth and wealth creation.
How do participate in Infinity?
There are two main strategies for market participants: staking and bonding. Stakers stake their Infinity DAO tokens in return for more IND tokens, while bonders provide LP tokens in exchange for discounted IND tokens after a fixed vesting period. Governance participants can get involved on our dApp (Coming soon) and through discussions on our community discord. We are always looking for new community members to contribute!
Diamond Chain
Holders of DC can enjoy In DAO’s monthly DAO rewards. And DC holders can form their own communities by sharing node binding invitation relationships to enjoy high commissions, so that each promoter in the DC independent community can get rewards.
How can I benefit from Infinity?
Infinity DAO main benefit for stokers comes from supply growth. The protocol mints new IND 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 IND exposure remains an important consideration.
That is, if the increase in token balance outpaces the potential drop in IND (due to inflation), stakers would make a profit. The main benefit for bonders comes from IND consistency. Bonders commit a capital upfront and are promised a fixed return at a set point in time; that return is in IND and thus the bonder’s profit would depend on IND price when the bond matures. Bonders benefit from a rising or static IND price. Selling will also affect the price of IND, thereby affecting Bond’s income.
What is the Genesis Chain?
Genesis Chain (GC) represents an independent community recruited by the DC holders. 99 genesis nodes are to be released in InDAO v1.0, and each of them will be sold at the price of 10 BNB. GC holders receive a portion of 38% of the DAO income in return based on their monthly performance.
What is the Diamond Chain?
Infinity DAO Diamond Chain (DC) is the profit sharing model pioneered by the Infinity team with the integration of Web 3.0 technology. It consists of 84 nodes in InDAO v1.0 and each will be sold at the price of 43 BNB. DC holders are like shareholders of the project, they participate in the profit sharing plan. Privilege to be DC holders:
- Share 5% of the DAO income evenly with other DC holders on a monthly basis.
- Receive a portion of 7% of the DAO income based on their monthly performance.
- Earn 10% commission when someone purchases a bond through node binding invitation.
- Receive InDAO identity NFT to participate in the profit sharing of Supermarket, which will be launched in InDAO v2.0.
