Persia DAO — Building a Stable Currency for the future !

RAHUL KUMAR CHOURASIA
2 min readJan 5, 2022

A decentralized autonomous organization (DAO), sometimes called a decentralized autonomous corporation (DAC), is an organzation represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government. A DAO’s financial transaction record and program rules are maintained on a blockchain. The precise legal status of this type of business organization is unclear.

A well-known example, intended for venture capital funding, was The DAO which amassed $150 million in crowdfunding in May 2016, and was hacked and drained of US$50 million in cryptocurrency weeks later. The hack was reversed in the following weeks, and the money restored, via a hard fork of the Ethereum blockchain. Most Ethereum miners and clients switched to the new fork while the original chain became Ethereum Classic.

Now Lets talk about Persia DAO….

Persia is stable currency built for the future.

The Persia stable currency is valued algorithmically backed by a wide range of market leading stable currencies paving ways for an anti-bear solution.

Persia : a next-generation truly algorithmic currency protocol.

It is a new and exciting crypto asset class that has advantages that stablecoins do not. It is a ‘Goldy Locks’ in the crypto ecosystem because it mitigates the risk profile between volatile assets such as bitcoin and pegged stablecoins.

Persia is seen as better option in terms of stablecoins because it is always backed by $1 USD (i.e. USDT, DAI, BUSD, USDC,FRAX etc), fully decentralized with community-driven governance and also offers competitive incentives to users.

How does persia work?

Treasury Base — Bonds and Liquidity Revenue

The treasury would rack up revenue from numerous sources to process liquidity fees and bond issues.

Treasury Growth — Persia Treasury

The liquidity is owned, secured, and maintained by the treasury.

Staking Rewards — Persia Token

Staking Persia tokens within the platform will enable its holders to earn rich passive rewards.

So if guys missed OlympusDAO? Do you still regret not investing into OlympusDAO during its initial stage?

Well, Regret No More!

PersiaDAO is your second opportunity on getting back at OlympusDAO.

--

--