Full description of Otter Clam
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 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 (Decentralized Finance) (?) 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.
- Exchange symbol (?): CLAM
- Cryptocurrency type (?): Token (?)
Otter Clam for developers
Otter Clam social sites
Source: NOMICS
