What is TempleDAO? Overview of the TEMPLE . token

• Overview of TempleDAO
• What is TempleDAO?
• Basic features of TempleDAO
• TempleDAO development team
• TempleDAO project advisors, investors and partners
• Products of TempleDAO
• How to make money in TempleDAO
• Overview of the TEMPLE . token
• What is TEMPLE token?
• Functions of the TEMPLE token token
• Where can TEMPLE tokens be bought and sold?
• The potential of the TempleDAO project
• summary

Overview of TempleDAO

What is TempleDAO?

TempleDAO's protocol aims to give users in the DeFi ecosystem a safe haven from market fluctuations. Meanwhile, users are still provided with investment opportunities to earn high returns with price stability.

When investors stake TEMPLE tokens, they will receive a profit from real growth (unlike highly inflationary currencies, which can reduce the value of any investors owning anything). when). Token TEMPLE adopts an advanced fractional equation fund to create a stable growing value platform for all investors.

Basic features of TempleDAO

The TempleDAO project includes the following mechanisms:

Safe Harvest – Guaranteed Profit

TempleDAO believes that creating a certain amount of tokens or giving away some governance tokens will only reduce the intrinsic value of the profit reward. At the same time, this causes an endless negative feedback loop of dumping.

In it, the intrinsic value that TempleDAO refers to is the key metric that determines the amount of support behind each TEMPLE, which is determined by the formula: 

Intrinsic Value = Stock Reserve / Total Supply of TEMPLE Tokens

With TempleDAO's Safe Harvest mechanism, the amount of TEMPLE tokens as profit rewards for investors will be minted if and only if there is an increase in both the system storage fund and the intrinsic value of the token.

Safe Premium – Long term profit

There are 2 outstanding problems of the DeFi market that are slowing down the process for the world to accept this market and reduce the value of stake holders, which are:

• Infinite mint inflation leads to dumping
• The AMM system allows the “sharks” to manipulate the market.

TempleDAO aims to avoid such fluctuations from affecting intrinsic value. While the Safe Harvest mechanism is designed to prevent mint and dumping problems, the Safe Premium mechanism will solve the problem of the market being manipulated by "sharks" through the AMM system. 

TempleDAO does that by setting a ceiling on the token price (aka OTC price). They limit how much the TEMPLE token price can rise. Because the profit investors receive will be through staking and not through eating the increased arbitrage, they will receive the same or even greater profit in return.

This is extremely suitable for a community that wants to develop in the long run. Instead of allowing profits to be accumulated through price (which is driven to sell on the AMM system), users earn a stable long-term profit (by staking).

Bonus Reward – Extra bonus profit

Sometimes, the Safe Harvest mechanism will reward accumulated profits. This means that Temple can offer higher than usual bonus returns for a limited period of time. However, this only happens at certain times and is limited in number because it is limited by the growth of intrinsic value.

When there is a cumulative reward, Temple may offer a special offer during the staking process. This Bonus Reward program requires investors to lock their stake in Temple for a certain period of time. There is still quite a bit of information about this program.

Unstake queue – Queue system

This is a mechanism designed to avoid mass withdrawals. The purpose of this mechanism is to minimize market volatility and increase fairness in the TempleDAO platform. Simply put, when a user makes an order to withdraw their stake from TEMPLE, they will have to "line up". 

Also, for each block opened in the chain, only a certain amount of TEMPLE tokens staked by the user is returned. Besides, the system will notify users which block will be the block responsible for extracting value to refund the withdrawal transaction to them. This queue system will help the withdrawal of capital take place in an orderly manner in the current volatile period.

Temple Defend – Defense Mechanism

Temple's defense will be activated when multiple TEMPLE token sales take place continuously on AMM systems, forcing the price of TEMPLE down to its original intrinsic value (pulling the price down to its original value). originally sold). This mechanism allows (but is not required) TEMPLE token holders to sell their tokens at a “defensive” price or at a price backed by a reserve fund for each TEMPLE token. 

The system will then burn these tokens to avoid manipulating or reducing the intrinsic value of other TEMPLE tokens. As the intrinsic value per TEMPLE token never decreases, the participants of this Temple Defend campaign will be guaranteed to break even.

Temple Offense – Attack Mechanism

The Temple Offense mechanism is intended to promote purchases of TEMPLE tokens on AMM systems, thereby pushing the AMM price higher than the OTC price. Details of this mechanism have yet to be published.

TempleDAO wants to keep the AMM price at or above the OTC price to encourage investors to buy tokens directly from Temple. Investors buying from the AMM system may not enjoy the highest staked returns.

TempleDAO development team

Up to now, TempleDAO's development team has reached 20 anonymous members from all over the world. They are working every day to make the concept of “financial temple” a reality.

TempleDAO project advisors, investors and partners

Currently, only information about the project investor, T3E, has been announced. T3E is a venture capital fund that has invested in projects such as: Octane, Unreal Finance, Spherium, TrustPad, Derived and Sunder Finance.

Products of TempleDAO

Currently, only two products of the TempleDAO project have been officially announced:

• Staking: Low risk investment, high return
• Provide stakes for DEX exchanges like Sushiswap.

Among the tokens specific to the project, the development team announced the following two types of tokens:

• TEMPLE: The first currency of the project, used as an investment asset
• FRAX: The announced currency will launch as a type of transaction cost in the ecosystem.

How to make money in TempleDAO

Those who buy TEMPLE tokens from the pools of the AMM system can stake on the Dapp website of the TempleDAO platform. Of course, they will receive a lower annual rate of return (APY) than those who stake directly on Temple.

The TempleDAO platform will also pay bonus profits to those who are active in the community and regularly participate in the project's rituals. However, for those who are less involved, the platform's investment interest rates are still very attractive.

The current staking interest rates are:

• 0.7% per day (~1,200% APY) and not pool locked, for tokens traded from the AMM system
• 0.9% daily (~2,500% APY) and lock-in period is 6 weeks, for guests in the initiation ceremony
• 1.0% daily (~3,700% APY) for a period of 6 weeks, for pilgrims attending the initiation ceremony.

Overview of the TEMPLE . token

What is TEMPLE token?

The TEMPLE token is the first of several unique tokens that the Temple project will launch during development. This token is designed to reduce market volatility and enhance passive income for users' assets.

The DeFi market today has many types of tokens, but if you generalize, there are only two types:

• Co-growth: high volatility, high risk but great return
• Stability coin: tied to the USD algorithm or assets that can be converted into money. Binding to the USD reduces volatility, but also reduces buying power as the US Federal Reserve is currently continuing to devalue the USD by continuously issuing new coins.

Therefore, the market always has a big gap between growth and stable copper with the risk of profit decline. TempleDAO's ambition is to make the TEMPLE token a new financial bastion for DeFi market investors.

Functions of the TEMPLE token token

Currently, the function of the TEMPLE token through the introduction will be a stable investment with high interest rates, other information about tokenomics has not been announced. Token TEMPLE was developed with three main principles:

• As the ecosystem grows, TEMPLE holders will benefit
• The TempleDAO platform is developed based on factors that reduce market volatility and bring profits to TEMPLE stakers in the long run.
• The intrinsic value of TEMPLE will always increase and is not affected by inflation.

Where can TEMPLE tokens be bought and sold?

Currently, there are two ways to earn TEMPLE tokens.

Way 1

Mint TEMPLE tokens directly on the project's Dapp homepage at https://templedao.link . 

Currently, this form is only available to those who have participated in the initial initiation rite. This ritual takes place from the 1st (new moon) of November to the 15th (full moon) of November. Details are available on the project's Discord group. 

When receiving tokens from the project's official Dapp, users will pay a fee on the protocol equal to 6 times the intrinsic value of each TEMPLE token. This price is expected to be the same as what users pay on exchanges, but they will not have to pay additional swap fees or slippage costs. In the early stages, this price will likely be a lot cheaper than it actually is on AMM systems.

Way 2

Buy on DEXs like SushiSwap, through TEMPLE LP. The official liquidity pool TEMPLE/FRAX will launch shortly after the joining ceremony.

Other liquidity pools will be updated continuously in the near future.

The potential of the TempleDAO project

Currently, the TempleDAO project has been successfully audited through a two-week audit, with advice from an expert Ethereum platform developer. 

Some suggestions to improve the efficiency of the system were made, but overall, the TempleDAO project did not have any serious security flaws found during the audit.

summary

There are many thought revolutionaries in the DeFi market who are talking about newly launched derivatives that will become “the next big thing”. However, the TempleDAO project will take the game to a new level. 

Users will not need to be futures investors or surf on market price volatility opportunities. With a smart and automated tactical mechanism to thoroughly optimize transaction costs with completely transparent protocols, TempleDAO will do the whole thing on behalf of users. 

Investors participating in TempleDAO's ecosystem can now make profitable investments while still being able to think about other bigger plans.

Follow the TempleDAO project through media channels:

Website | Project Information | Twitter | Discord | Telegram

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