OtterClam
CLAM

9.110
$
7.02 %
Change 24h
Market Cap
$ 3,421,243
Volume 24h
$ 35,776
Circulating Supply
373,227
CLAM
$
# Exchange Pair Price Volume 24h

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 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.
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