What Is Exodia?
Exodia Coin is a decentralized reserve currency protocol based on the EXOD token. Each EXOD token is backed by a basket of assets (e.g. DAI, FTM) in the treasury, giving it an intrinsic value that it cannot fall below. Also introduces unique economic and game-theoretic dynamics into the market through staking and bonding.
Exodia Coin Storage Key Points
|Coin Name||Exodia Coin|
|Circulating Supply||41,185.80 EXOD|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
How Exodia Works?
Exodia is building a decentralized financial infrastructure to bring more stability and transparency for the world.
Bonds & LP
Bond sales and LP Fees increase Treasury Revenue and lock in liquidity and help control EXOD supply.
Treasury inflow is used to increase Treasury Balance and back outstanding EXOD tokens and regulate staking APY.
Exodia Coin Staking your EXOD compounds yields automatically through a treasury backed currency with intrinsic value.
How To Buy?
Go to this Beethoven-X url: Make sure the output currency is EXOD. You can also copy and paste the EXOD contract address 0x3b57f3feaaf1e8254ec680275ee6e7727c7413c7 into the output currency field to ensure you are swapping for the right token.
Purpose of EXODIA
The Exodia goal is to build a policy-controlled currency system, in which the behaviour of the EXOD token is controlled at a high level. In the long term, they believe this system can be used to optimize for stability and consistency so that can function as a global unit-of-account and medium-of-exchange currency.
In the short term, they intend to optimize the system for growth and wealth creation. Further to this they aim to become the decentralized reserve currency of Fantom, building.
The main benefit for stakers comes from supply growth. The protocol mints new EXOD 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 bonders comes from price consistency.
Exodia Coin Staking is the primary value accrual strategy of EXODIA. Stakers stake their EXOD on the website to earn rebase rewards. The rebase rewards come from the proceed from bond sales, and can vary based on the number of EXOD staked in the protocol and the reward rate set by monetary policy. Staking is a passive, long-term strategy.
The increase in your stake of EXOD translates into a constantly falling cost basis converging on zero. This means even if the market price of EXOD drops below your initial purchase price, given a long enough staking period, the increase in your EXOD balance should eventually outpace the fall in price.
How does the protocol manage to maintain the high staking APY?
Exodia the protocol targets an APY of 100,000%. This would translate to a rebase rate of about 0.6328%, or a daily growth of about 2%. Please refer to the equation above to learn how APY is calculated from the rebase rate.If there are 100,000 of EXOD staked right now, the protocol would need to mint an additional 2000 EXOD to achieve this daily growth.
This is achievable if the protocol can bring in at least 2000 DAI daily from bond sales. If the protocol fails to achieve this, the APY of 100,000% cannot be guaranteed.
Trades at a very high premium
When you buy and stake Exodia Coin, you capture a percentage of the supply (market cap) which will remain close to a constant. This is because your staked EXOD balance also increases along with the circulating supply. The implication is that if you buy EXOD when the market cap is low, you would be capturing a larger percentage of the market cap.