What Is MAMA DAO(MAMA)? Complete Guide Review About MAMA DAO

What Is MAMA DAO(MAMA)?

MAMA DAO Metaverse is the next evolution of the internet – one that empowers anyone to freely express themselves and immerse in the digital world. We believe the Polygon network will become the key backbone to the metaverse and Defi gaming as it offers cheaper and more efficient scaling solutions in the ecosystem. And MAMAVERSE is here to capitalise on this opportunity by backing the Metaverse infrastructure projects and play-to-earn gaming projects in the future.

MAMA DAO goal is to build a policy-controlled currency on the Polygon network, in which the behaviour of the MAMA token is controlled at a high level by the DAO. In the long run, we believe this system can be used to optimize for stability and consistency so that MAMA can function as a global unit-of-account and medium-of-exchange currency (including in Metaverse). In the short run, we intend to optimize the system for growth and wealth creation. Eventually, MAMA will have proof of value from its backing by metaverse and gaming infrastructure on top of the stable coins as the treasury grows over time.

MAMA DAO Storage Key Points

5000 Unique Mamas 1.

THE NFT 5,000 unique Yo MAMA NFTs, quirky and fun just like yo mama. Owning a Yo MAMA opens doors to community driven products funds and events in the metaverse, on polygon network. ‍ Just like our mamas, they’ll help fund and support mamaverse.

Land of the Mama 2.

DIGITAL LAND Acquiring Digital Land and earning profits by trading/leasing virtual real estate to game developers, players etc MAMALAND is a virtual land where all MAMAs hangouts and have fun. YO MAMA holders would also have exclusive access to certain areas within the MAMALAND

MY MAMA P2E Guild 3.

GAMEFI Play-to-Earn gaming guild in the Metaverse that acquires revenue-generating gaming assets, and lease them to players for a portion of the revenue earned from playing crypto games.Just like our mamas, they’ll help fund and support mamaverse.

What is $MAMA Token?

$MAMA token is the reserve currency built on the Polygon Network, with each token backed by a basket of stable coins. Our vision is to develop infrastructure incentives that back and contribute to building the future of the MAMAVERSE where $MAMA token becomes the legal tender across the MAMAVERSE. MAMA also introduces unique economic and game-theoretic dynamics into the market through staking and bonding.

There are two main approaches for market participants: staking and bonding. Stakers stake their MAMA tokens in return for more MAMA tokens, while bonders provide LP or DAI tokens in exchange for discounted MAMA tokens after a fixed vesting period. As we grow our treasury reserve over time, we aim to add different Metaverse and Defi Gaming LP tokens for bonding.

Who Created MAMAVERSE?

MAMAVERSE was ideated by a group of crypto and digital art enthusiasts to pay tribute to all the loving Mamas around the world for their unconditional love. team consists of blockchain wizards, real estate professionals, startup founders, tech consultants, engineers, artists, and architects.

Who runs MAMAVERSE?

MAMAVERSE is currently working actively at becoming a Decentralized Autonomous Organisation. Decisions are initially taken by the core team first, but we expect to transition into a DAO-governed model ASAP whereby decisions are formed by community members on the forum and made by token holders through snapshot voting.

What is Staking

Staking is the primary value accrual strategy of MAMA DAO. Stakers stake their MAMA tokens on the MAMA DAO website to earn harvest rewards. The harvest rewards come from the proceed from bond sales and can vary based on the number of MAMA tokens 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 MAMA translates into a constantly falling cost basis converging on zero. This means even if the market price of MAMA drops below your initial purchase price, given a long enough staking period, the increase in your staked MAMA balance should eventually outpace the fall in price.

When you unstake, you burn sMAMA and receive an equal amount of MAMA. Unstaking means the user will forfeit the upcoming harvest reward. Note that the forfeited reward is only applicable to the unstaked amount; the remaining staked MAMA (if any) will continue to receive harvest rewards.