A decentralized reserve currency, MidasDAO has a ticker code CROWN. The coin pioneers the concept of DeFi X: Full Stack Finance. Basically, CROWN is based on bonding and POL (protocol owned liquidity). Bonding is a process in which a user can trade assets to a protocol in exchange for its native token. POL is the amount of LP (liquidity provider) the treasury controls and owns. Moreover, MidasDAO also implements several innovative features inspired by the DeFi world.

MidasDAO owns and protects almost all of its liquidity, which helps maintain treasury income and price stability. Also, with POL, CROWN is protected from unfavorable and unpredictable market scenarios. The scenarios may arise due to efficiency and longevity and solve the problem of incentivizing (rewarding) liquidity providers.

According to the whitepaper, CROWN intends to alleviate price exposure by introducing innovative inflation-fighting tokenomics. Also, each CROWN is supported by a basket of hard assets along with trading done by the treasury. Eventually, the platform aims to increase intrinsic value. As a matter of fact, CROWN seeks to overcome market volatility, speculation, and unpredictability. In fact, CROWN is backed, not pegged. Pegging is the process of linking the exchange rate of one currency to another.

MidasDAO is an innovative and unique project on the Avalanche Network. The platform seeks to offer consistent, user-friendly, fun, and rewarding ways to earn a constantly evolving entity. In addition, the space aims to offer a new class asset token suitable for any portfolio. The token can be used to confine risky assets while offering safer and better incentives.

CROWN was launched in December 2021. The development team is from the crypto and gaming community. There is an initial supply of 14,600 $CROWN tokens in circulation.

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