Introducing ShogunDAO. The next generation of decentralized reserve currency in AVAX

Welcome to ShogunDAO Samurai (👹, 👹)

What is ShogunDAO

ShogunDAO is an Olympus fork on Avalanche. ShogunDAO is missioned to build a community-owned protocol for a decentralized reserve currency.

Not to be considered as a replacement for OHM. ShogunDAO won’t thrive without the support of the ShogunDAO community.

So instead of giving early access to investors or selected VIP groups, we want everyone in the ShogunDAO community to have an equal chance of participation.

How Will ShogunDAO Work

Introducing Presale for $SHOGUN the governance token for ShogunDAO.

Our presale will be open for all. Similar to Olympus IDO, the ShogunDAO presale will be the main source to provide initial liquidity and treasury’s initial backing for the ShogunDAO token.

75,000 $SHOGUN tokens will be minted for the event. The initial price of the $SHOGUN token will be 4 MIM/SHOGUN for 300 unique addresses, with each address limited to 250 $SHOGUN ($1000) only. The presale event will last for 24 hours.

If the 75000 $SHOGUN tokens aren’t bought in the initial phase, the presale will open to the public until the remaining tokens are minted. Each wallet will be able to buy a maximum of 125 $SHOGUN ($500)

This will result in $300,000 MIM in total sales from the presale.

• $150,000 MIM will be paired with a 20K $SHOGUN token on Trader Joe establishing the initial price of $7.5 MIM per $SHOGUN with initial liquidity of $300,000.
• $100,000 MIM will be deposited to the $SHOGUN treasury, securing the value of the protocol.
• $50,000 MIM will be distributed to the team in order to ensure developpement, marketing and others costs.

This will be done within 24 hours after the presale event.

ShogunDAO is going to be 100% transparent with the community.
We will announce the exact time when the initial liquidity will be added, providing total transparency to our community.
Future development work can be funded via the ShogunDAO through a DAO voting procedure.

What Makes ShogunDAO Unique

• ShogunDAO is owned and controlled by our community of token holders.
• No more predatory farmers. Lock-in liquidity also helps regulate ShogunDAO supply.
• Bond sales and liquidity fees increase Treasury values, which back outstanding ShogunDAO tokens with intrinsic value.
• ShogunDAO token holders decide it’s future via on-chain voting.

How to Benefit from ShogunDAO

There are two main ways to benefit from ShogunDAO

1. ShogunDAO Staking

ShogunDAO holders can stake their tokens and earn passive income. The target for the initial early adopters rewards is ~1,500,000% APY.

More information about stacking will be shared in our next articles.

2. ShogunDAO Bonding

Bonders provide LP tokens in exchange for discounted ShogunDAO tokens after a fixed vesting period.

The main benefit for ShogunDAO stakers comes from supply growth.

The protocol mints new ShogunDAO tokens from the treasury Pool and the majority which are distributed to the stakers.

Therefore, the gain for ShogunDAO stakers will come from their auto-compounding balances, though price volatility remains an important consideration.

That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would benefit.

Meanwhile, the main benefit for bonders comes from price continuous growth.

ShogunDAO Users who commit a capital upfront and are promised a fixed return (APY) at a set point in time; that return is given in ShogunDAO tokens, and thus the bonders’ profit would depend on ShogunDAO price when the minted ShogunDAO token matures.

Taking this into consideration, bonders benefit from a rising or static price for the ShogunDAO token.

What’s next ?

We are currently working hard on the preparations for the presale. More information about the project (Roadmap, Development, Whitelisting, etc) will be revealed in the new articles.

Discord coming soon, stay tuned in our Twitter!
https://twitter.com/shogundao

For Honor. For the $SHOGUN
(👹, 👹)