No rugs, no pump and dumps, no unexpected leakage of tokens for heavily discounted bond rates. When you interact with a protocol calling itself “a Crypto Reserve Currency”, you expect a certain level of security and professionalism.
Disclosing one’s identity is a personal choice, anonymity is a privilege built into the infrastructure of DeFi, and some may wish to retain that privilege. At the same time, we all want to connect and build trust with our community. It is our wish that the community is respectful of either decision each founding member makes.
In this case, the team prefers to remain anonymous, but fear not, as they have KYC'd to MCN Ventures. This means that MCN Ventures has all the Identity documents from the team.
This will prevent any non-legit movement from the team, as they would face legal responsibilities for their actions.
Considering there are more than 15 contracts interacting with each other, a proper audit will cost somewhere around $100K to $150K.
In case the community prefers to have the contracts audited for further expansion of the protocol, the amount required will be designated from the treasury to this matter.
Anyhow the contracts are battle-tested and a safe starting point.
What does it look like when token holders are not only working together to create more RFV, but literally deciding everything about how the protocol runs and operates? This is how DeFi is meant to operate. It is the future.
Every aspect of how this protocol operates will be decided by the community. Nothing will be done without a vote by the community.
To join the party, head to our discord if you didn’t yet. Here you have an explanation on how to interact with our community and how to access private sections.
Find out more about The Community structure at the 👨🚀 Discord Guide and about how the governance is carried out through the 🗳 DAO
It is worth noting that there is a fine balance that needs to be struck between incentivizing bonding to increase supply and managing the reward/rebase rate to ensure that early investors are not diluted at an accelerated rate.
We intend to work with expert policy makers to ensure that this balance is struck carefully to encourage mass sustainable adoption of Paradox DAO.