Introducing Divine Creatures DAO
Many lust after power. Fewer possess power. Only divines have ruled the globe across time and epochs. Divine Creatures shall return to conquer back their power.
Divine Creatures DAO — Create and Preserve Wealth
TLDR; Divine Creatures is a decentralized treasury reserve protocol based on the $EGIS token — collateralized and backed by the Divine Creatures DAO. $EGIS will be the reserve currency on/of Fantom and across other chains. Price stability of $EGIS will be maintained through the Algorithmic Reserve Currency processes and will also be supported by other decentralized assets including in large being backed by other reserve currencies. Divine Creatures is creating a novel and fairest launch mechanism — Initial NFT offering. We will be auctioning over 500 unique NFTs that carry purchasable pre-sale allocations of $EGIS. Each NFT also enters an automatic lottery that provide pre-sale allocations benefits, e.g airdrops. All details provided in this article are subject to change at the discretion of the team.
Over the course of civilization, human folklore has accumulated vast numbers of myths, legends and stories about magical, powerful and supernatural beings. We aggregated select paramount beings into the NFT collection of divine creatures.
Over the course of last few months, DeFi 1.0 and 2.0 and cryptomarket in general have accumulated vast number of protocols, yield farms and treasuries. We aggregated select interesting aspects of all of them into one single project — Divine Creatures DAO.
We are launching a treasury of treasuries using Olympus DAO mechanics across multiple chains. Our presale will be based on NFT auction accompanied by a lottery. Our treasury token will be backed by stable coins and other treasury tokens and will materialise from Fantom into other blockchains.
Fiat inflation is at record high. Bitcoin is highly unstable. Ohm forks are numerous.
Divine Creatures is the first reserve protocol aimed at building a treasury of treasuries by using existing cryptocurrency assets and rapidly growing assets of other treasuries. Our token $EGIS is a decentralised asset-backed reserve currency operating on the Fantom Opera Chain at the start that will be branching into other chains. We are dedicated to backing EGIS token with a pool of FTM and tokens from other treasuries, including wMEMO from Wonderland and gOHM from Olympus DAO.
The number of Ohm forks makes it possible to navigate reserve space. Our solution is to create a treasury that in part relies on the success of our peers. Our reserve protocol will be in part backed by some of the biggest winners of the DeFi 2.0 wave. We will be using gOHM and wMEMO bonds to build the reserve of our protocol hence increasing our asset’s value. The world is built on asymmetry of information that our DAO is aiming to bring down in this movement by allowing people to capture value growth of the best performers. This is the truest form of a reserve currency.
By having other reserve currency assets in our treasury, we are essentially betting on the ecosystem as our treasury will grow and earn the APYs of Wonderland and Olympus. We essentially get exposure to the biggest parts of the Ohm ecosystems.
For the answers to most of your questions regarding (for example) staking and bonding we refer to our docs. These documents will be updated as the project matures. In short, regarding staking and bonding, here’s what you need to know, if you are not familiar with (3,3) strategy that we are calling (🧜♂️, 🧜♂️):
Staking is the profit distribution model of Divine Creatures DAO and a long-term investment strategy that allows to users to preserve purchasing power. Staking EGIS is essentially exchange of EGIS for aEGIS in 1 to 1 ratio. These aEGIS tokens are profit accruing tokens. Through holding aEGIS you will receive staking rewards that are autocompounded at rebases; however, this mechanism is reliant on bonding, giving it the famous (3,3) strategy, or rather (🧜♂️,🧜♂️).
Bonding is an active, short-term leverage strategy. When users purchase EGIS tokens, they are actually selling their assets in order to buy a bond from the protocol. Bonding Actions are a cross between a fixed income product, a futures contract, and an option. The protocol quotes the bonder with terms for a trade at a future date. These terms include a predefined amount of EGIS the minter will bond and the time when vesting is complete. The bond becomes redeemable as it vests. I.e. in a 5-day term, after 2 days into the term 40% of the rewards can be claimed. The main benefit of a bond is price consistency. Users that purchase bods commit capital upfront, and they will receive a predetermined amount of EGIS as the bond fully vests. A bond’s profit depends on the price of EGIS when the bond fully vests. Bonders benefit from a rising or static EGIS price. This is the main mechanism of value accumulation of the protocol — sounds complex, but it really is not. Short-term it’s almost always better to buy a bond and then stake. More info coming in the docs.
An active investor and community member benefits from the protocol only if he is investing through both of those mechanisms, yielding the (🧜♂️,🧜♂️) .
Why Fantom?
In our opinion, Fantom Opera Mainnet (Fantom/FTM) is the superior Layer-1 blockchain, as evidenced by the rapid growth of DeFi in the ecosystem. How come? Fast, cheap and secure. Transactions get confirmed in seconds, cost only a few cents and do not depend on a parent blockchain for security. These are valuable aspects but Fantom also carries an overlooked attractive feature. It is the only ecosystem that supports both gOHM and wMemo, allowing us to rapidly start building the reserve of reserves and proliferate into other blockchains. We hope that hard work of Fantom Foundation will continue to support the improvements of this great backbone in the years to come attracting more DeFi users. In he meantime, it is up to us to take this opportunity to build attractive functionality for our fellow and dear DeFi 2.0 aficionados.
Why Divine Creatures DAO?
Divine Creatures strive to be a number 1 Ohm fork — both in quality of protocol and entertainment of early supporters through INO. Our team has 4 experienced developers with varied and complementary skills who are dedicated to building a reserve of reserves without destroying the competition. Our idea of reserve of reserve lets us build a true reserve in this early space without destroying the competitions. We can all come out as winners. Moreover, DC DAO boasts several PR and marketing managers who will be focused on spreading the word of our ultimate goal — treasury of treasuries.
Before implementing multiple unique developments for the launch (FTM bond, wMEMO bond, gOHM bond, secure multi-sig framework), the focus of our developers lies on something no other Ohm-like project (and not even Ohm) has accomplished so far. In fact, no one has ever done. Initial NFT Offering lottery.
What is Initial NFT Offering?
Community is everything. We want to start rewards for our community but also keep them engaged during the process. Stealth launches get bought up by bots and insiders causing dumping reverberations as large supply holders arrive early on. This is why we are introducing Initial NFT Offering, fairest token launch yet. We created a collection consisting of more than 500 NFTs of deities from disparate mythologies for our community. However, there is a gift paired with each NFT and this gift is a purchasable pre-sale allocation of EGIS. Each NFT is also drawn into an automatic lottery, winner of whom get either increased allocation or airdrop of the allocation. Through INO, we prevent botting, insiders, and people who are later than the first couple hundred users can participate and people decide themselves how much they want in the presale.
Our NFTs are divided into three tiers, that way each community member who would like to participate in the pre-sale will be able to find what suits them.
‘X’ in the table will be revealed later. Once the community reaches critical mass we will reveal the prices of NFTs and their allocation sizes but the ratios will remain the same. For now, you can plug in any imaginary number to better understand INO mechanics.
God Tier NFT is the most expensive NFT but it is also rarest and it has highest $EGIS allocation. Demigod Tier will be the least expensive option at the start but will have a proportionally smaller allocation.
Additionally, we will take some of the Demigod Tier NFTs and will let the OG members of the community buy them at a fixed price rather than bid for it in the auction.
What is one of the most exciting parts of this process is the random intratier lottery, where 80% of NFTs within each Tier are winners. The winners are also divided into three categories — Gold (10% of NFTs), Silver (20%) and Bronze (50%) with Wood being the remainder of NFTs (20%). The prizes and numbers are summarised below. Please note to be eligible for the pre-sale and lottery you cannot sell the NFT nor buy it from a reseller.
What does this mean? This means that if you buy God Tier NFT and it wins a Gold Prize, you will get your 20x allocation of EGIS for free and you had to spend FTM only on the NFT. However, if it wins Silver prize, the allocation of 20x grows by 50% and becomes 30x, and you have to supply us with 30x worth of FTM but you will also receive 50% more EGIS. But you don’t have to do it. If you have an allocation there is no minimum amount of FTM you have to send. On launch Silver God Tier will receive ~0.5% of total supply. You can refer for more details of tokenomics in our docs (coming soon). Silver God tier is the highest possible allocation size in the INO but Gold God tier has the highest ROI.
But the rewards do not stop here, as Divine Creatures is aiming to be launching on several chains and each launch will be accompanied with new sales of NFTs and old NFT holders will be rewarded with airdrops and potential future staking boosts. Stay tuned ;)
Gods perish without their supporters. Divine Creatures Team is dedicated to be open, responsive, honest, and knowledgeable. However, we need certain community members to support us in winning over newcomers and help them navigate our DAO. We will be creating bespoke campaigns to encourage, reward, and celebrate community members and groups who go above and beyond to be helpful, positive, and insightful. The first step in this program is the “OG” campaign in the discord server — details are revealed in the discord server, fixed price NFT may or may not be the reward ;) . Additionally, we plan to run competitions where supporting community members can win unique prizes to commemorate the journey we are all sharing.
Funds are SAFU?
We appreciate that safety of the community’s funds is of paramount importance. To ensure trust of all of our supporters, we are outlining a number of steps we are going to take. Additionally, we are open to adding a high profile individual(s) to the team multisig. Additionally, supplied liquidity will be locked for a period of 6 months right after launch. Team’s token allocation will be vested and locked for several weeks. More details on transaction locks to follow.
Our team
The team of Divine Creatures consists of 7 highly talented and dedicated DeFi innovators, each with different backgrounds and skillsets who emerged from being highly active in DeFi 1.0. The team is anonymous. Divine Creatures Team consists of 4 experienced developers, 1 strategist, 1 PR and community managing specialist, and 1 external relationships manager. We are dedicated of turning Divine Creatures DAO into what Gods of the past have destined it to be — treasury of treasuries.
Let’s connect!
Website: https://divinedao.finance
Discord: https://discord.gg/dcdao
Twitter: https://twitter.com/DCreaturesDAO
Medium: https://medium.com/@divinecreatures
