MAMA DAO price

MAMA

MAMA DAO is a decentralized reserve currency protocol on the Polygon Network based on the MAMA token. Our vision is to develop infrastructure incentives that meet its commitment to become the de-facto community-owned mutual fund, which backs and contributes to building the future of the metaverse and the Defi gaming universe. Each MAMA token is backed by a basket of assets (e.g. DAI, MAMA-DAI LP Tokens, Metaverse Infrastructure Projects and NFT Projects, etc.) in the MAMA DAO treasury - like a mutual fund. Thus, this gives MAMA an intrinsic value that it cannot fall below as MAMA's token price will converge to the backing of its treasury. MAMA DAO also introduces unique economic and game-theoretic dynamics into the market through staking and bonding.

Eventually, MAMA will have proof of value from its backing by metaverse and gaming infrastructure on top of the stable coins as the treasury grows over time.