Pumpkin DAO - The Decentralized Reserve Currency of People
Description: Pumpkin DAO is the decentralized reserve currency protocol available on the Fantom Network based on the PUMP token. $PUMP faster than $TIME on #FANTOM, we use that ghost speed to fight against #Olympus. Each PUMP token is backed by a basket of assets (e.g. ONE, DAI-PUMP LP Tokens, etc) in the PumpkinDAO treasury, giving it an intrinsic value that it cannot fall below. Pumpkin DAO also introduces economic and game-theoretic dynamics into the market through staking and minting. Our goal is to build a policy-controlled currency system, native on the Fantom network, in which the behavior of the PUMP token! In the long term, we believe this system can be used to optimize for stability and consistency so that PUMP 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. We intend to achieve price flatness for a representative basket of goods without the use of fiat currency, in order to allow the cryptocurrency industry to detach once and for all from the traditional finance world!
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