Mimo Governance Token empowers users, offering a decentralized stablecoin and innovative financial products, ensuring community-driven governance in DeFi. More
| Fully Diluted Valuation | $2.37M |
|---|---|
| 24H Trading Volume | $1,500 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 0.00 |
| Total Supply | 1.00B |
| Max Supply | 1.00B |
| Categories | Real World Assets (RWA) 7 more |
|---|---|
| Founder | Claude Eguienta |
| Website | app.mimo.capital |
| Socials | 4 more |
| Chains | Ethereum Ecosystem 2 more |
| Explorer | Ftmscan 4 more |
| Contracts |
0x90b....6f9bc
2 more
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| Name | Pair | OG Score |
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Introducing Mimo Governance Token (MIMO) and the Parallel Protocol, a groundbreaking decentralized price-stable token issuance protocol built on the Ethereum blockchain. At its core, Mimo aims to revolutionize the DeFi landscape by eliminating the need for trusted intermediaries. Central to this initiative is the PAR token, the world's pioneering Euro-pegged stablecoin, fostering stability and reliability in the crypto space.
Mimo operates through innovative vaults where users can securely deposit and withdraw their assets without fear of them being loaned out. Each vault in the protocol is backed by the Safety Reserve, ensuring the safety and integrity of users' holdings. The unique aspect of MIMO governance tokens lies in their distribution, a strategic move to empower users and the Parallel Protocol community. Users receive MIMO tokens for creating PAR through borrowing and contributing liquidity to Automated Market Maker (AMM) pools. This distribution model ensures that the protocol's governance remains decentralized, firmly in the hands of the community. Moreover, Mimo extends its reach by offering a suite of applications designed to bridge the gap between traditional regulated finance and the DeFi world, providing opportunities for both business and retail investors. With plans to introduce a decentralized and multichain Euro stablecoin and innovative blockchain-powered financial products, such as tokens backed by US Treasury bills, Mimo stands at the forefront of shaping the future of decentralized finance. To participate in governing the protocols, users can lock their MIMO tokens for varying durations, granting them increased voting power proportional to the duration of the lock. Mimo's commitment to empowering users and fostering financial inclusivity positions it as a key player in the evolving landscape of blockchain-based finance.
Mimo Governance (MIMO) stands out for its decentralized Euro-pegged stablecoin, PAR, and user-empowering governance model through token distribution and locking.
The Mimo project operates under Mimo Capital, a company led by CEO Claude Eguienta.
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