1 Million DAO
  • Video description 1 Million DAO
  • 📖About 1 Million DAO
    • What is a Rebase function?
      • Strong Support Mechanism (SSM)
    • 1️⃣Stabilizer (SM)
    • 2️⃣Treasury
    • 3️⃣Black hole system
    • 4️⃣Auto-Liquidity Engine (ALE)
    • 🪙$OMD token
    • Tokenomics
    • How does the AutoStake feature works?
    • About APY
    • 1,000,000% APY. How it work?
    • Longterm Interest Technology
  • 🌏Ecosystem 1 Million DAO
    • 🤌Our mission
    • 🏦DAO & 1MDAO Fund
    • 🖼️NFT tokens
    • 🖼️NFT Marketplace
    • 🏃‍♂️Move-to-earn
    • 🎮Play-to-Earn
    • 🌎Metaverse
    • 💵DEX / SWAP
    • 📱APP
    • 🗺️Roadmap 1 Million DAO
      • Roadmap Q2 2022
      • Roadmap Q3 2022
      • Roadmap Q4 2022
  • 📄Documets
    • ✅Audit
    • ☑️KYC
    • ✔️Tokens lock
  • 🔗Contact
    • 🌐Socials
    • 🧑‍🚀Team contacts
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  1. About 1 Million DAO

Black hole system

2% of all $OMD traded are thrown to Black hole system making it grow through self-fulfilling and Auto-Compounding. That reduces the circulating supply and keeps the 1 Million DAO protocol stable.

The other benefit to an everlasting burn of circulating supply is that due to its deflationary nature, it drives up the value of each $OMD token, therefore increasing the individual value.

We will use a dead wallet as a black hole - its address is known to everyone and the principle of operation is simple, this wallet can accept any tokens and they will be on it forever. No one has access to this wallet. It is very safe for our project and our users. Black hole system wallet: 0x000000000000000000000000000000000000dEaD

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Last updated 3 years ago

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