⭐️ Stake Fantom, Earn Rewards: https://fantom.foundation/ftm-staking
⭐️ Use FTM to shop on Amazon, eBay, Walmart & Home Depot at https://shopping.io
Description: Gold is pegged to the price of 1 FTM via seigniorage and other mechanisms. Complementary to classical seigniorage mechanisms, Midas Finance uses an FTM investment fund to balance the price of Midas. Midas Finance is also a DAO, which means the community will be able to vote on various actions the protocol will do, such as decide when/if to buy real GOLD with the treasury assets! The investments can be tracked in the DAO wallet. A Casino is also in development, which will accept GOLD tokens! Midas Finance is not your typical fork and the Boardroom has very different mechanics, please read our docs before you invest!
What Is Seigniorage?
Seigniorage is the difference between the face value of money, such as a $10 bill or a quarter coin, and the cost to produce it. In other words, the economic cost of producing a currency within a given economy or country is lower than the actual exchange value, which generally accrues to governments who mint the money. If the seigniorage is positive, the government will make an economic profit; while a negative seigniorage will result in an economic loss.
Midas Finance is not your typical tomb fork:
1. Built in casino (more information here)
2. Boardroom epochs will be 2h long!
3. Boardroom rewards are locked for 2 epochs - 4h !
4. Boardroom withdrawals are locked for 4 epochs - 8h!
5. Any interaction with the Boardroom (deposit, claim, withdraw) resets both timers !
6. Farming incentive rewards are expanded to 1.000 days (more rewards for more days)!
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