Divine Creatures DAO

What is Divine Creatures DAO?     Divine Creatures DAO developed a decentralized reserve currency protocol based on the $EGIS token. Our protocol was inspired by OlympusDAO and Wonderland DAO. Each $EGIS is backed by FTM-denominated assets (e.g. FTM) in the Divine treasury, giving the token an intrinsic value that it should not fall below. Divine Creatures will leverage similar staking and bonding dynamics of OlympusDAO.     Akin to other reserve currency protocols that aim at building value based on most valuable tokens, our token will be holding purchasing power by agglomerate its additional value from other reserve currencies.     Divine Creatures     Over the course of civilization, human folklore has accumulated vast numbers of myths, legends and stories about magical, powerful and supernatural beings. We aggregated select paramount beings into the NFT collection of divine creatures.     Over the course of last few months, DeFi 1.0 and 2.0 and cryptomarket in general have accumulated vast number of protocols, yield farms and treasuries. We aggregated select interesting aspects of all of them into one single project – Divine Creatures DAO.     We are launching a treasury of treasuries using Olympus DAO mechanics across multiple chains. Our presale will be based on NFT auction accompanied by a lottery. Our NFTs carry staking and bonding boost. Our treasury token will be backed by stable coins and other treasury tokens and will materialise from Fantom into other blockchains.     What is Divine Creatures DAO? Divine Creatures DAO developed a decentralized reserve currency protocol based on the $EGIS token. Each $EGIS is backed by FTM-denominated assets (e.g. FTM) in the Divine treasury, giving the token an intrinsic value that it should not fall below. With persistent volatility in the market, $EGIS purchasing power will be constant.     What is our vision? Divine Creatures DAO has two main visions. First is to innovate project launches. We will employ auction of NFTs that carry IDO allocations, combined with a lottery. The NFT auctions will be spread out over several days, spanning all time zones, so that everyone anywhere could take part. Secondly, Divine Creatures DAO aims to create the ultimate ‘treasury of treasuries’ by backing in part by other treasury tokens, e.g wMEMO. Plethora of treasuries we trust, why not combine them?     What is EGIS token? EGIS aspires to become an algorithmic reserve currency backed by other decentralised assets and other reserve currencies. Similar to the idea of the gold standard, EGIS provides free-floating value its users can always fall back on, simply because of the fractional treasury reserves EGIS draws its intrinsic value from.     How can I purchase EGIS token? EGIS token can be purchased from a presale via NFT auction and from SpiritSwap on FTM chain.     How is Divine Creatures DAO going to be launched? We will be conducting an NFT auction. We will be selling over 500 NFTs of three tiers. Each NFT will carry a pre-sale allocation of our token. Each NFT will also enter into an automatic intra-tier lottery. The lottery prizes range from 25% allocation size increase up to free allocation (i.e. airdrop, which will be 10% of all NFT purchasers). Proceeds from the auction and our pre-sale will be used to cover the launch costs and for initial liquidity that is going to be locked.     Will there be more auctions in the future? We will be launching on other chains as well, which will be accompanied by other auctions and will carry a different functionality than INO(Initial NFT Offering).   What is staking? Staking is the primary value accrual strategy of Divine Creatures DAO. Stakers stake their EGIS tokens on Divine Creatures DAO to earn rebase rewards. The rebase rewards come from the proceed from bond sales, and can vary based on the number of EGIS staked in the protocol and the reward rate set by monetary policy.     What is bonding? Bonding is the secondary value accrual strategy of Divine Creatures DAO. When users purchase EGIS tokens, they are actually selling their assets in order to buy a bond from the protocol. Bonding Actions are a cross between a fixed income product, a futures contract, and an option. The protocol quotes the bonder with terms for a trade at a future date. These terms include a predefined amount of EGIS the minter will bond and the time when vesting is complete. The bond becomes redeemable as it vests. I.e. in a 5-day term, after 2 days into the term 40% of the rewards can be claimed.     Who created Divine Creatures DAO? Divine Creatures was created by 7 anonymous users and developers of DeFi 1.0 and DeFi 2.0. We have diverse backgrounds ranging from bankers, scientists, and lawyers to experienced blockchain developers that built bridge projects and created money accruing strategies for professional trading desks.