Fort Knox DAO - The Federal Reserve of the Metaverse. Available on Fantom Opera
Description: In a nutshell, Fort Knox is a decentralised reserve currency system with the goal of becoming the Metaverse’s Federal Reserve and DeFi bank. Fort Knox is based on the $KNOX token, supported by Fort Knox DAO and for the moment available on the highly acclaimed Fantom network, which we believe is the perfect place for a metaverse project like Fort Knox. Each $KNOX token is backed by a basket of assets (e.g. MIM, FTM) in the Fort Knox treasury, giving it an intrinsic worth that it cannot fall below. Fort Knox also introduces unique economic and game-theoretic dynamics into the market through staking and bonding. As a DAO (Decentralized autonomous organisation), $KNOX holders have the authority to vote on the platform’s and project’s future. Olympus has proven what is possible when a community has its values and incentives aligned, and we plan to take this one step further by branching into the metaverse.
What is the goal of Fort Knox?
Fort Knox started out as an OHM fork, but we are much more than that. We chose the OHM model as a kickstarter for our project as we are optimistic about the protocol’s future and basic mechanisms. Our long-term goal is to build a comprehensive Metaverse DeFi platform with a wide range of goods and capabilities, in both the actual world and the metaverse, to become a global trade unit and a medium of exchange currency. Our vision is to create a “Federal Reserve’’ of the Metaverse. A policy-controlled currency system, natively built on Fantom Opera network, driven by the DAO. We will constantly evolve and strive to satisfy our community and provide new solutions for DeFi users as we grow. Our ultimate goal is to create a multichain 3D protocol with an ecosystem based on KNOX token where you can move around Fort Knox, meet users, grow your KNOX tokens, buy them and borrow, just like in a real bank.
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