Tokens
GURU is an Algorithmic Currency Backed By Real World Assets. You can buy GURU on Sushiswap on the Polygon network.
You receive sGURU when you stake GURU at a 1:1 ratio. By staking your GURU you receive rebases roughly every 7 hours, i.e your balance of sGURU will grow. You can redeem sGURU back for GURU at any time.
In order to bootsrap the network and initial liquidty, alphaGURU (aGURU) was used as a pre-allocation token which allowed the early members of our discord to lay claim to GURU. aGURU can be redeemed for GURU 1 to 1. 5,000 aGURU were sold to the first members of our discord at a price of $20 per token. In addition to this some value add investors KOLs with significant following on social were allowed to purchase, in order to fill the full $100,000 required to seed the Sushiswap LP pool.
pGURU, was used to raise funds from private investors to bootstrap NidhiDAO. It is also our belief that a necessary component of a healthy protocol is an incentivized and aligned team. pGURU follows the same token mechanics as pOHM. With the Team, investors and advisors being allocated 11.8% and the DAO being allocated 88.2% of which 10% will be allocated to Olympus DAO.
Last modified 1yr ago