Vortex DAO (SPACE) is a Rebase token backed by other cryptocurrency assets whose price is always greater than or equal to 1 MIM/USDC. The protocol allows users to earn incentives via staking and bonding mechanism. It is not just another OHM FORK or Rebase token - we are aggressively seeking new ways to provide value for our members.
By holding, bonding or staking $SPACE Tokens, you become a member of the DAO and your tokens are backed by a portion of the Vortex DAO Treasury. Where possible, we will also send a portion of our profits back to holders of $SPACE.
Once the DAO is fully established, your tokens will grant you voting rights for decisions that impact the DAO and its Treasury. Until that time, the Treasury will initially be invested in approved Avalanche-based projects according to an allocation set by the Team.