What is PegasusDAO(SUS) ?
PegasusDAO(SUS) is the first decentralized reserve money system based on the $SUS token accessible on the Cronos Network (CRO). SUS tokens are backed by a pool of assets (USDC) in the Pegasus treasury, ensuring that they have an inherent worth that cannot be depreciated. On the Cronos network, Pegasus is an Olympus DAO fork (CRO). There hasn’t been any extra contract code introduced.
PegasusDAO(SUS) DAO is an investment fund collecting initial investment capital using Olympus DAO mechanics. The goal is to invest the treasury with high yielding on-chain strategies, and return value to token holders. objective is to create a policy-controlled currency system in which the DAO has a high amount of control over the behavior of the SUS token.
PegasusDAO(SUS) think that in the long run, this approach may be utilized to optimize for stability and consistency, allowing SUS to act as a worldwide unit of account and medium of exchange currency. They seek to optimize the system for development and wealth generation in the short run.
PegasusDAO(SUS) Coin Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | PegasusDAO |
| Short Name | (SUS) |
| Market Cap | $3,082,203 |
| Circulating Supply | 105,000.00 SUS |
| 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 |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Staking
PegasusDAO(SUS) Staking is the primary value accrual strategy of Pegasus. Stakers can receive rebase rewards by staking their SUS tokens on the Pegasus Website. The rebase incentives are derived from bond sales proceeds and can vary according to the number of SUS staked in the protocol and the reward rate set by monetary policy
PegasusDAO(SUS) .Staking is a passive, long-term strategy. The rise in your SUS stake translates into a constantly declining cost basis that eventually converges on zero. This means that even if the market price of SUS falls below your initial purchase price, if you stake for a long enough length of time, the increase in your staked SUS balance should eventually overtake the price fall.
PegasusDAO(SUS) When you stake, you lock SUS and receive an equal amount of vSUS. Your vSUS balance rebases up automatically at the end of every epoch. vSUS is transferable and therefore composable with other DeFi protocols.
PegasusDAO(SUS) When you unstake, you burn vSUS and receive an equal amount of SUS tokens. Unstaking means that the user will miss out on the next rebase payout. It should be noted that the forfeited reward only applies to the amount that was not staked; the remaining staked SUS (if any) will continue to receive rebase rewards.
Token Structure
Distribution (110,000 SUS)
PegasusDAO(SUS) SUS will start with an initial supply of 110,000 SUS. There is no maximum supply, as the amount of the tokens grows as people stake & mint. SUS’s initial price was set at 5 USDC.
Pegasus Liquidity Offering (93,000 SUS)
PegasusDAO(SUS) 70,000 SUS will be sold to people with the “Whitelisted” role on discord for a price of 5 USDC per SUS, with a maximum allocation of 1000 USDC per person. There is no minimum.10,000 SUS will be sold to people in public sale.
PegasusDAO(SUS) price will also set at 10 USDC per SUS, with a maximum allocation of 500 USDC per person13,000 SUS will be sold off to founders of the DAO, who will be paying for their tokens. Yes, all have skin in the game and that is how it should be!0 SUS will be sold off to VCs. This DAO is entirely ours to grow.
Development + Marketing Team (7,000 SUS)
PegasusDAO(SUS) development and marketing team will be entrusted with a total of 7,000 SUS. They sourced the best talent, and have partnered with some legendary marketing execs so felt that these incentives were imperative to bolstering Pegasus’ success and awareness.