Submission Date
January 10, 2022
Project Links
Website: https://www.otterclam.finance
Discord: OtterClam
Twitter: https://twitter.com/otterclam
Github: OtterClam · GitHub
Medium: https://otterclam.medium.com/
Telegram: Telegram: Contact @otterclam_official
Project Description
What is OtterClam?
OtterClam is the first decentralized reserve memecoin protocol on Polygon Network based on the CLAM token. Each CLAM token is backed by a basket of assets (e.g. MAI/QUICK/MATIC) in the Otter’s treasury, giving it an intrinsic value that it cannot fall below. OtterClam also introduces economic and game-theoretic dynamics into the market through staking and bonding.
OtterClam is a fork of OlympusDAO on the Polygon network.
What is the point of OtterClam?
Most memecoins do not have any tokenomics built inside. Investors will suffer from large volatility and have a significant chance toward zero. The Otter King (or the world?) noticed that the OlympusDAO creates the strongest tokenomics of the DeFi world. We decide to bring the bonding and protocol-owned liquidity to the otter’s kingdom!
Our goal is to build a policy-controlled memecoin system, in which the behavior of the CLAM token is controlled at a high level by the DAO. In the long term, we believe this system can be used to optimize for stability and consistency so that CLAM can function as a global unit-of-account and medium-of-exchange memecoin. In the short term, we intend to optimize the system for growth and wealth creation.
Amout Requested
50.000
Milestones
1. Market campaign for the promotion of OtterClam ($30000)
2. Develop OtterClam game, which is an important part of Otter Kingdom ($20000)