Get to know the term Metaverse
In fact, the first person who famously coined the term metaverse was Neal Stephenson. He mentioned the term in his 1992 novel Snow Crash. The term metaverse refers to a 3D virtual world inhabited by avatars of real people.
This term does not have a universally accepted definition. Think of the metaverse as the internet rendered in 3D. Zuckerberg describes the metaverse as a virtual environment you can enter, instead of just looking at the screen.
In short, it's an endless world of interconnected virtual communities. Where, people can work, meet, play using virtual reality headsets, augmented reality glasses, smartphone apps and or other devices.
Facebook's simple description of the metaverse is a set of virtual spaces, where a person can create and explore with other internet users who are not in the same physical space as that person.
Abstract
Value is the Metaverse Reserved Protocol on the Polygon Network depending on the $VALUES token. Each $VALUES token is backed by a resource chest (e.g. MAI, FRAX) in the Value store, providing a non-negligible fair value. The Value Protocol provides the possibility to support NFT tokens to storage liquidity. Value brings the monetary and hypothetical elements of the game to the market through tagging and holding. Value is part of the fork path for OlympusDAO with its own turn applied to NFT Bonding for the metaverse space and in light of the Polygon organization.
What is Values?
Values is the Metaverse Reserve Protocol on the Polygon Network based on the $VALUES token. Each $VALUES token is backed by a basket of assets (e.g. MAI, FRAX) in the Value treasury, providing an intrinsic value that cannot fall below it. Values Protocol provides the possibility to support NFT tokens to treasury liquidity. Value introduces economic dynamics and game theory to the market through betting and relationships.
The partially forked value for OlympusDAO with its own twist applied to NFT Bonding for the metaverse space and based on the Polygon network.
What is Values for?
Our goal is to build a policy-driven liquidity system for the NFT metaverse space, where the behavior of the $VALUES token is controlled to a high degree by the DAO. In the long term, we believe this system can be used for optimization and consistency so that $VALUES can work as a global unit of account and media exchange currency in a decentralized metaverse. In the short term, we want to create to optimize systems for growth and wealth.
How do I participate in Values?
There are two main development strategies for market participants: stalking and bonding . Holding their stake $VALUE tokens are not balanced over $VALUE tokens, whereas binding grants LP or MAI tokens in exchange for discounting $VALUE tokens after a fixed period.
How can I benefit from Values?
The main benefit to stakeholders comes from supply growth. ValuesDAO harvests new $VALUES tokens from the treasury, most of which are distributed to stakeholders thanks to the $VALUES tokens they offer. Thus, profits for shareholders will come from their automatic deposit, although risk remains an important consideration. That is, if the increase exceeds the potential decline in prices (due to inflation), the stakeholders will benefit.
The main benefit for bonders comes from price consistency. Bonders provide capital upfront and maintain at a specified point in time; it is in $VALUES and thus the bonder's profit will rest on the price of $VALUES at the time the bond matures. Bonders benefit from a rising or static $VALUES price.
Who makes Values
Value is an offshoot of OlympusDAO with turn applied for NFT space in Polygon Network which will help different tasks of building decentralized metaverse. The center group has consolidated involvement with software engineering, cryptography, economics, and planning. Followed by a long involvement with crypto. They like to remain mysterious for the achievement of this task because our target is changing to a Decentralized Autonomous Organization.
Values intends to address this by generating free stash money, $VALUES, backed by a pool of resources. By focusing on expanding supply instead of forecasting appreciation, Values believes that $VALUES can serve as cash holding its purchasing power with little regard for exhibits of uncertainty.
Who runs Values
To date most of the choices have been made by the central group but the team hopes to have the option to quickly convert this to a DAO managed model with your help value expected to be the Metaverse Backup Protocol. At this time they will be aiming at development. By joining NFT and holding onto the framework, Value can turn into a major OHM fork with NFT loyalty.
Roadmap
Values aims to be the Metaverse Reserve Protocol. In the short term, we will focus on expansion. By combining NFT and bonding systems, Values can become the first OHM fork with NFT loyalty.
Detailed roadmap coming soon…
For More Information:
Website: https://values.finance/
Documents: https://docs.values.finance/
Twitter: https://twitter.com/ValuesDAO
Discord: https://discord.gg/xdNKGffeY2
Author : Amild
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2583828
My pollygon wallet : 0xbf00577895715883E63C6694D33dA51b1cDEBDa8