Moob means Multi-Vendor Marketplace Optimized Organized on the Blockchain. MoobDAO is a decentralized reserve currency protocol based on the Moob token. Our protocol provides a way to diversify portfolios, lower volatility, and outperform the traditional financial system. Moob offers an alternative opportunity for individuals who are looking for stability, security, and high yielding growth opportunities. Each Moob Token is backed by a variety of assets secured in the Moob Treasury, this gives the moob token an intrinsic value that it cannot fall below.
What is the point of MOOB?
Moob DAO aims to become a policy-controlled reserve currency that starts on the Binance Smart Chain, that doesn't mean that we will always be on the Binance Smart Chain. Our Priority is to grow and therefore take advantage of all block chain technology. We also recognize that even as Decentralized Finance (DeFi ) is exciting and is growing , we have to account for the realities of this world. This means we understand that regulations are in store so we don't pretend they don't exist. In other words MoobDAO recognizes the possible pitfalls and is preparing solutions today instead of tomorrow. In the short term, we intend to optimize the system for growth and wealth creation.
How do I participate in Moob?
There are three main strategies for market participants: staking and bonding and Cashback Incentives. Stakers stake their Moob tokens in return for more Moob tokens, while bonders provide LP(Liquidity Provider) tokens or BUSD tokens in exchange for discounted Moob tokens after a fixed vesting period.The third and upcoming strategy is one where we will utilize our marketplace Vendors to give cashback(Moob tokens) to shoppers and as a result we gain new members, who will have the option to stake, bond or reuse the given cashback Moob tokens for more shopping.
Governance participants can get involved on our forum and through discussions on our community discord and DAO discord servers respectively. We are always looking for new community members to contribute!
How can I benefit from Moob ?
Stakers main benefit comes from supply growth. The treasury mints new Moob tokens, most of which are distributed to the stakers. The resulting gain for stakers will come from their auto-compounding balances, naturally price exposure is 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 to bonders is price consistency. Bonders submit capital upfront and are guaranteed a fixed return at a set point in time; that return is payable in Moob tokens and thus the bonder's benefit would depend on the Moob market price when the bond matures. Bonders benefit from a rising or static Moob price.
Who runs Moob?
No one. Moob is DAO-governed. Every decision is created by community members on the forum and made by token holders through snapshot voting.