One Million DAO 1MDAO aims to build a comprehensive ecosystem that rewards holders. $OMD is a new token on BNB Chain. Let’s review it.
Project name: One_Million_DAO
Contract address: 0xBeE207E5B42d0c7bFE7141bE4509B299689A6A5c
Network: BSC/BNB Chain
Total supply: 100.000 OMD
Max supply: 1.000.000.000 OMD
Presales always have some risks. Please DYOR (do your own research)
|Liquidity Lock Rate||51% BNB raised|
lock duration 10950 days
|Max Owner Receive||980 BNB|
|Min-Max Spend per Account||–|
|Presale vesting||no vesting|
|Start||2022.05.17 13:00 UTC|
|End||2022.05.20 17:00 UTC|
$BNB distribution after the end of PinkSale presale:
- 51%: Liquidity pool
- 30%: Initial foundation of 1MDAO in BNB
- 19%: Team
- KYC (by SolidProof)
- Audit, check report
- Playable P2E game demo
About the team
From White/Lite Paper
Our goal is to combine all services on one platform – 1 Million DAO.
We want our users to be able to manage the project and participate in taking important decisions through DAO, while using all the features of DEX and getting rewards in move-to-earn and play-to-earn modes with the rebase functions as well as buying and selling NFTs on our marketplace.
Soon, all of that is going to be in one mobile app for greater user convenience.
What is a Rebase function?
A Rebase function is one whose circulating supply expands or contracts due to changes in the token price. This increase or decrease in supply works with a mechanism called rebasing. When a rebase occurs, the supply of the token is increased or decreased algorithmically, based on the current price of each token.
1 Million DAO takes advantage of a positive rebase formula which increases the token supply allowing $OMD holders to keep growing their tokens, like in a traditional staking protocol. However our use of a rebasing token eliminates the need to approve and traditionally stake your tokens.
Positive rebase is backed by a Strong Support Mechanism (SSM).
How does the AutoStake feature work?
The 1 Million DAO AutoStake feature is a simple yet cutting-edge function called Buy-Hold-Earn.
By simply buying $OMD and holding the token in your wallet, you earn rebase rewards directly into your wallet. Your tokens will increase each block (3 sec). It is important to note that your balance will grow not linearly but exponentially over time, acquiring a compound interest of 0.000088% / 3 seconds. Example – If you started with a balance of only 1 $OMD on day 1, after a year, your balance will have grown to 10410 $OMD
Distribution of 1MDAO foundation earnings:
- 80%: of income will be distributed among the $OMD holders
- 20%: of income will be distributed among the “Founders collection” NFT stakers
- At listing 1MDAO Bank will accumulate 30% of all collected BNB on presale
- Holders will vote for the ways of distribution of trading and staking pools
- 20% of income will be distributed among the “Founders collection” NFT stakers
- DAO & 1MDAO Fund
- NFT Marketplace
$OMD is a BEP20 token that rewards its holders with automatic passive interest payments every 3 seconds over the lifespan of 12 years until the maximum supply of 1 Billion tokens has been reached. $OMD token is the main token of the 1 Million DAO project.
14% buy fee and 16% sell fee:
- Stabilizer (SM) – 5%
- Treasury – 3%
- Black hole system – 2%
- Auto-Liquidity Engine – 4%
- Sell fee -2 % (extra fee for selling orders)
There will be 1 041 037% fixed APY annually in OMD token. Thanks to the auto-staking feature, you only need to hold.
They plan to establish an ecosystem that hosts many products. In addition, 30% of the funds collected from the presale will go to the 1MDAO fund. Holders will decide how this fund will be used by voting.
80% of profits from the 1MDAO fund will be distributed to OMD token holders.
The team has KYC(by solidproof). They have also a smart contract audit.
A highly fixed APY rate is a feature that needs to be well managed. If it is well managed and the project continues to grow, it may attract many investors.
You should check out the One Million DAO Project.
(Not Financial Advice)