Baryon Spotlight #3: What is Efficiency DAO (EFF)?
A new story this week is on Baryon Blog! This series will give an overview of all projects settled in BaryonFarm and BaryonStake, and as a result, you will be able to make your own assessment of whether it is a good investment or not.
What is Efficiency DAO?
While the tokens with large market capitalization could be used to lend, borrow or liquidity stake for earning profits, other ones with small market capitalization are a different story. Thus, Efficiency DAO protocol promises to bring capital efficiency solutions for Long-Tail Holders on BNB Smart Chain.
The long-tail is known as a business strategy that allows companies to realize significant profits by selling low volumes of hard-to-find items to many customers, instead of only selling large volumes of a reduced number of popular items. For example, we can recognize selling books, video games, CDs and Vinyls; when an artist releases a hot-hit album, the demand for buying is super high in the beginning then declining later. However, it is not run out of buying demand, a group of fans remains the low and long growing sales and profits.
Long-tail tokens are special tokens or tokens in the cryptocurrency market that are not widely used, have a small trading volume, but still have long-term value to its owners. This property is similar to the IDO array tokens, DeFi launchpad tokens, or tokens that allow users to share protocol profits.
Efficiency DAO aims to solve the liquidity and capital efficiency problem by providing lending and borrowing services based on elastic risk pricing models.
Efficiency DAO Highlights
With the goal of connecting creative and innovative projects, Efficiency DAO has some stunning points as following:
- Product Ecosystem: Efficiency Dao aims to build a DeFi Ecosystem for long-tail assets, which get started with lending and borrowing protocol.
- Efficient Capital Solution: Efficiency DAO supports early long-tail protocols, which have low liquidity and high volatility, in terms of efficient capital solution.
- Supporting Tokens: Efficiency DAO is going to support BNB Smart Chain by providing liquidity of lending and borrowing in terms of unknown assets. The long-term protocol’s vision is to help users to use all tokens in their wallet efficiently.
- Fiat Off-Ramps: Efficiency DAO enables investors to borrow and lend both Fiat and Crypto via the perfect union of technology and fiat offramp partnerships.
Efficiency DAO Token Use Cases
EFF is native token of Efficiency DAO. Even though the token has not been officially launched, Efficiency Team has announced about the token use cases:
- Participate in DeFi Ecosystem on Efficiency DAO
- As a reward for users using lending and borrowing
- Participate in DAO Governance
Key Metrics EFF token
- Token Name: Efficiency DAO Token
- Ticker: EFF
- Blockchain: BNB Smart Chain
- Token Standard: BEP-20
- Contract: Updating
- Token Type: Governance, utility
- Total Supply: 100,000,000 EFF
- Circulating Supply: Updating
EFF Token Allocation
- Team & Advisors: 15%
- Strategic Partners: 5%
- Ecosystem Partners: 3%
- DAO Operations: 32%
- Protocol Reserves: 10%
- Community and Marketing: 35%
How to get EFF Tokens
Efficiency DAO distributes tokens to the community via a lockdrop. Here in Details:
- The lockdrop is planned to take in September 2022, and 10% of the tokens will be allocated (10,000,000 tokens)
- The first batch of tokens will be unlocked after a month.
- Users who would like to receive EFF can lock BTCB, ETH, USDT, USDC, BNB, BUSD, TUSD, CAKE, and C98.
- The lock period options are 1, 3, 6, or 12 months. The longer the lock duration, the bigger the multiplier to get EFF
- During the token lock up period, users can receive interest based on the number of locked tokens.
How to maximize your earn EFF on Baryon
Baryon Network and Efficiency DAO are collaborated together to host the Social Giveaways 3,000 $BUSD in total rewards
Efficiency DAO Community Channels
- Twitter: https://twitter.com/EfficiencyDAO
- Website: https://efficiency.finance/
- Medium: https://medium.com/@efficiencydao
- Discord: https://discord.com/invite/3J3wXG2QCj
- Telegram: https://t.me/efficiencydao
At the end of the day, hopefully, you have gained a better insights of both Efficiency DAO and how to make maximize your profits with Baryon
See you all in the upcoming posts of Baryon-Spotlight Series!
About Baryon Network
Incubated by Coin98 Labs, Baryon Network is a BNB Smart Chain-based Trusted DEX containing three fundamental building blocks: BaryonSwap (AMM), BaryonFarm, and BaryonStake.
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