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Nemesis DAO

A decentralized finance reserve currency protocol built on Binance Smart Chain (BSC).

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Overview

What is Nemesis DAO?

Nemesis DAO is a decentralized finance reserve currency protocol built on Binance Smart Chain (BSC). The protocol is powered by the NMS token. 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. 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 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!

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Chain
BNB Smart Chain
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Token
NMS$2.08904090

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