Nemesisdao Defi Coin Review : It Is Legit Or Scam?

About Nemesisdao

Nemesisdao 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. The unique project introduces economic and game-theoretic dynamics into the market through staking and bonding to achieve this.

Nemesis DAO is a decentralized finance reserve currency protocol built on Binance Smart Chain (BSC). The protocol is powered by the NMS token, which is backed by a basket of assets like BUSD and Liquidity Pair Tokens. Nemesis DAO introduces unique dynamics into the Decentralized Finance (DeFi) market through bonding and staking.

Nemesis DAO aims to become a significant reserve currency on Binance Smart Chain (BSC), one which is truly owned and maintained by a decentralised protocol which serves the majority. Our goal is for NMS to be a common trading pair which is backed by real assets.

What is the aim of Nemesis DAO?

One of primary goals is for NMS to be a common trading pair on the BSC, which is backed by real assets. They 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.

Flexible Price

The live Nemesis DAO price today is $2,286.60 USD with a 24-hour trading volume of $8,856,435 USD. We update our NMS to USD price in real-time. Nemesis DAO is down 30.12% in the last 24 hours. The current CoinMarketCap ranking is #2849, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.

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.

They are a community-driven DAO and governance participants can get involved on forum and through discussions on Discord. Join us there and you’ll soon see firsthand that the lifeblood of Nemesis DAO is loyal members and contributors. They are a community-driven protocol and are always looking for new community members to contribute.

How can 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.!

Is NMS a stable coin?

Nope. NMS is not a stablecoin. Rather, NMS aspires to become an algorithmic reserve currency backed by other decentralized assets. Similar to the idea of the gold standard, NMS provides free floating value its users can always fall back on, simply because of the fractional treasury reserves NMS draws its intrinsic value from. In terms of a reserve currency, NMS is far better suited to the task than stablecoins pegged to USD.

PCV – Protocol Controlled Value

Bond sales generate profit for the protocol, and the treasury uses the profit to mint NMS and distribute them to stakers. With liquidity bonds, the protocol is able to accumulate its own liquidity. As the protocol controls the funds in its treasury, NMS can only be minted or burned by the protocol. This also guarantees that the protocol can always buy back NMS tokens with it’s backed value.

You can easily define the risk of your investment because you can be confident that the protocol will indefinitely buy NMS below its backed value in USD with the treasury assets until no one is left to sell. You can’t trust the FED but you can trust the code – that’s what makes these protocols so powerful.As the protocol accumulates more PCV, more runway is guaranteed for the stakers. This means the stakers can be confident that the current staking APY can be sustained for a longer term because more funds are available in the treasury.