Kandyland: The New Revolutionary DAO


Cape Coral, Fla., Jan. 8, 2022 (GLOBE NEWSWIRE) – Kandyland aims to become a revolutionary Decentralized Autonomous Organization (DAO), built on the Avalanche smart chain. It is currently hosting its public liquidity priming event and is launching the official decentralized app shortly thereafter.

For those who haven’t had the chance to learn more about the crypto world in detail, a DAO is a system in which token holders are given the opportunity to vote on how they wish to view the organization. progress. It is simply a decentralized government in which the community has the last word.

Kandyland DAO itself relies on the famous and battle-proven Olympus reserve currency protocol system. You might be asking, what does this mean?

What is the innovative Olympus DAO reserve currency protocol?

At the start of 2021, Olympus DAO revolutionized DeFi as we know it. Through the use of incredible smart contract technology, Olympus DAO has created a way to combat the loss of stable coin purchasing power due to inflation. It is certainly understood that inflation will eat away at the value of their funds if someone simply keeps them in a savings account.

Therefore, Olympus came up with an innovative solution by creating a reserve currency backed by a stable coin rather than pegged to it.

What the support means is that the intrinsic value of a single OHM will always be at least 1 DAI or 1 USD, because if the market price of 1 OHM starts to fall below the value of 1 DAI , the protocol will use its cash funds to buy back and burn the tokens pushing the price back to 1 DAI.

But here is the main climax, while the floor price exists, the ceiling price does not. This means that there is no limit to the height of the price of the OHM. It can be anywhere greater than 1 DAI but never less than that.

And Kandyland?

Kandyland is a direct fork of this tested system. It has two main mechanisms based on the economic principle of game theory to encourage participants not to sell their tokens.

The first side of this system is based on a meticulous bonding mechanism that allows creditors to exchange their stable or liquidity tokens in exchange for KANDY at a reduced price compared to the current market price.

Let’s clarify how it works. If in the market, you can acquire a single KANDY token for $ 100, then if you choose to mint your tokens through Kandyland, you can acquire them for, say, $ 80. Naturally, if the price stays at $ 100 and you managed to get the token for $ 80, you’ve already made a profit of $ 20.

But here’s the catch; If you choose to bind, your tokens are acquired for a period of 5 days. This means that you will receive 20% of your KANDY amount every day. Therefore, if the price stays the same or appreciates, you will not be able to enjoy it until the end of this 5 day period. And that’s a big if!

If you are lucky that the price stays the same for that 5 day period or increases, then congratulations, you have made a profit. However, even if the price does drop eventually, because you’ve taken a discount, you’ll have more leeway in terms of breaking even.

You may be wondering what this linking mechanism is for? There are actually two major consequences of linking. The first is for sureties to deposit liquidity tokens to bind KANDY. This allows the protocol to hold most of its cash, ensuring that individual liquidity providers will not withdraw their cash at random, preventing you from selling.

The second consequence of the bond is that it only takes $ 1 to strike an additional KANDY token, therefore the difference between $ 1 and the price paid for the bond, goes to the DAO treasury as pure profit. In other words, over time the more people bond, the more profits are stored in DAO treasury.

Okay, now the DAO has tons of profit lying around in the treasury, the question now becomes, what is that profit for? Well, this is where the second mechanism of the Kandyland Reserve Currency Protocol comes in.

The cash is split between the people who end up wagering their tokens on the platform and the DAO itself. Staking simply means that you deposit the tokens on the platform and keep them there instead of selling them. The purpose of this is to reduce the selling pressure on KANDY tokens and therefore increase the market price while being rewarded with more KANDY tokens over time.

What is also amazing is that you earn compound interest on your tokens put into play. This is how these platforms are able to deliver an annual percentage return (APY) that is unprecedented in the world. Challenge.

Additionally, KANDY holders can create proposals to vote on how funds will be allocated. Projects like these are simply community driven and understand that if people come together and bet their tokens, they will benefit the most.

There are currently many clones of Olympus. How is Kandyland different?

Kandyland aims to create community proposals that will focus on music and gaming ecosystems in the crypto world. As mentioned earlier, there is a lot of funds accumulated in the treasury over time, the question now becomes how will these funds be used?

At Kandyland, we hope to start new crypto projects focused on games and music, as well as let the community vote for the creation of projects owned by Kandyland.

It is simply a crowdfunding means of incredible cash that will be distributed to KANDY holders and allow the community to decide which games and music projects they want to support.

Kandyland aims to become a major player in said ecosystems and to integrate the cryptographic spheres of games and music into the general public.

Additionally, Kandyland aims to create a fully interconnected metaverse through the development of future NFTs, inter-chain bridges, and many other exciting extensions to the standard reserve currency protocol system.

What about security?

As an investor, safety should be the most important factor to consider before making an investment.

At Kandyland, we have done everything and everything to ensure that our investors’ funds are safe and secure. But what does “everything” really imply? First, our founder is KYC’d.

This means that a third party service stores its personal information and in the event of a potential problem with the platform, this personal information is disclosed to public authorities. In other words, there is one person who is held accountable if something goes wrong.

Second, our code has been audited by several trusted sources. Auditing basically means that the code is checked for any bugs and potential exploits to make sure it doesn’t exist.

We are proud to call ourselves one of the first DAOs to be KYC certified and audited before the platform was released.

In addition, our contracts are governed by a multi-signature through a trusted platform called Gnosis Safe. One of the problems with the development of smart contracts is that the contracts belong to a single address. And if that address is compromised, the contract can lose all funds. Multi-signature aims to solve this problem. For each contractual transaction, 5/7 people should approve it for it to be validated. And if 1 person loses access to their wallet, the system will not be compromised.

As you can see, Kandyland’s security has been as tight as it gets. And we always do our best to ensure that this standard is maintained.

Why Kandyland?

Kandyland is based on a tested protocol system that has worked for many alternative DAOs and features innovative features, a strong community, and strong future prospects.

With your help, we believe Kandyland can become one of the biggest players in the Avalanche ecosystem and have a real, crypto-world impact on the gaming, music and NFT ecosystems.

This really is a first opportunity to get your hands on an upcoming project with huge initial potential, which is governed by a decentralized system and which is the next step in DeFi’s evolution.

Kandyland Tokenomics

Kandyland will begin with an initial offering of 250,000 tokens put into circulation.

It is important to remember that KANDY’s supply is dynamic, not fixed, so this initial number is not as important.

The tokenomic distribution is as follows:

– 80% used for the liquidity seed event.

– 5% used for the initial development and marketing of the platform

– 10% distributed among the founding members

– 5% used for an initial liquidity mint

Going forward, the DAO will build on strategic proposals, providing additional funds for marketing, future development and community management with funds allocated from cash reserves.

How to participate

As mentioned earlier, Kandyland currently has its public sale, which means anyone can get their KANDY at a presale price of $ 5 per token. If you want to get an early advantage and follow the starting price trend, you just need to follow the steps below:

Website – https://lbe.kandyland.finance/

Make sure you have at least $ 500 to $ 2000 max in MIM (Internet Magic Money) on the Avalanche network.

Connect your Metamask or WalletConnect compatible wallet to the LBE website.

Click on the “Approve” button.

Type in the amount of MIM you want to deposit to pre-purchase KANDY 5 MIM = 1 KANDY tokens.

Click on “MIM Deposit” and confirm the transaction. Once it confirms that you have successfully pre-purchased KANDY!

Once the dAPP is online, you will be able to claim 20% of your purchased tokens per day!

Important links –

Discord: https://discord.gg/kandy

Twitter: https://twitter.com/KandylandDAO

Telegram: https://t.me/kandylanddao

Official site: https://kandylanddao.com/


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