PAPA DAO is a decentralized currency protocol based on the PAPA token — collateralized and backed by the PAPA DAO. PAPA DAO develops infrastructure incentives that fulfil its objectives with the PAPA token as the currency of the metaverse and the gaming universe. As a matter of course, PAPA DAO will back and help build the future of metaverse and gaming. Each PAPA token is backed by a basket of assets (e.g, MIM, PAPA-AVAX LP Tokens, Metaverse Infrastructure Projects, Play-to-earn projects, Digital Land etc etc) in the PAPA DAO treasury, giving it an intrinsic value that it cannot fall below. PAPA DAO also introduces economic and game-theoretic dynamics into the market through staking and bonding.
