Introducing VIRGIN DAO to the world

“In the metaverse, will they still use Fiat? The point of VIRGIN DAO is to create a new monetary system backed by metaverse and dating projects and infrastructure, and build an loving universe around it.”

VIRGIN DAO — Build Wealth — in ‘In Real Life’ and in the Metaverse
Quick intro: VIRGIN DAO is a decentralized currency protocol based on the $VJOY token — collateralized and backed by the VIRGIN DAO. VIRGIN DAO develops infrastructure incentives that fulfil its objectives with the $VJOY token as the currency of the metaverse and the dating universe. As a matter of course, VIRGIN DAO will back and help build the future of metaverse and dating. Each $VJOYtoken is backed by a basket of assets (e.g, AVAX, $VJOY-AVAX LP Tokens, Metaverse Infrastructure Projects, Dating websites ) in the VIRGIN DAO treasury, giving it an intrinsic value that it cannot fall below. VIRGIN DAO also introduces economic and Dating-theoretic dynamics into the market through staking and bonding.
For an asset to be considered a reliable store of value, it must maintain a steady price, or increase in price over time, giving you more purchasing power in the long run. In recent months, the voices describing Bitcoin as a store of value have been getting louder, covertly supporting the narrative of inflation fears of fiat currencies. This has led to a substantial influx of speculative expectation of buying volume, pushing Bitcoin to ATH. Due to Bitcoin’s limited supply, this essentially makes Bitcoin a short-term store of value, but eventually there will come a time when the price ceiling of Bitcoin is reached, and price changes that would mitigate inflation will become harder to achieve.

This is where VIRGIN DAO comes in. VIRGIN DAO is decentralized reserve currency protocol on the AVAX Network based on the VJOY token. VIRGIN DAO develops infrastructure incentives that fulfil its objectives with the $VJOYtoken as the currency of the metaverse and the dating universe. We believe that the future is both in real life and in the metaverse, and as such, VIRGIN DAO will back and help build the future of metaverse and dating. Each JOY token is backed by a basket of assets (e.g, AVAX, $VJOY-AVAX LP Tokens, Metaverse Infrastructure Projects, Dating websites ) in the VIRGIN DAO treasury, creating a steadily rising price floor, below which $VJOYcannot fall. This satisfies the requirement of a store of value to have a steady or rising price, meaning that there is a significant opportunity for $VJOY to become a major player on the AVAX network and in the metaverse. The supply of VJOY is dynamic, meaning that a supply-induced price limit can be mitigated, allowing $VJOY to continue growing.

VIRGIN DAO also introduces economic and Dating-theoretic dynamics into the market through staking and bonding.

Staking is the profit distribution model of VIRGIN DAO. When you stake VJOY, you will receive an equivalent amount to $sVJOY tokens. These $sVJOY tokens are profit accruing tokens. Through $sVJOY you will receive a portion fraction of profits from the protocol. $sVJOY cannot be transferred or traded. Investors hold these tokens to earn profits. Thanks to VIRGIN DAO’s rebasing mechanism, holding $sVJOY is the most profitable as rebasing is based on auto-compounding. Rebasing is the process of minting new $VJOY tokens that are paid to stakers.
Bonding benefit from price consistency. Bonders commit a capital upfront and are promised a fixed return at a set point in time; that return is given in $VJOY tokens and thus the bonder’s profit would depend on $VJOY price when the minted $VJOY matures — i.e. when the fixed vesting finish. So, bonders benefit from a rising or static price for the $VJOY token!

Why did we choose Avalanche?

In our opinion, AVAX is the Layer-1 Blockchain, that is built for Defi, Metaverse, and dating. We expect AVAX to gain more traction over the coming months and years and gradually extend its userbase/community/developers community. We expect the majority of metaverse and dating projects will be built on AVAX for years to come.
Why so? AVAX can scale in excess of 22000 tps per subnet, with no limit number of subnets. It can scale to tens of thousands of validators per subnet, even millions of validators all participating in consensus — anyone can create a subnet. Transactions are confirmed in 1–3 seconds — way faster than other blockchain solutions. Transaction costs on AVAX is a fraction of what you normally pay on Ethereum. With its speed and low transaction costs, Avalanche is way ahead of its predecessors and other blockchains in the industry. It is also fully compatible with the Ethereum Virtual Machine — allow the mass number of Ethereum developers to deploy DAPPs on Avalanche with ease, but with fast, low cost transactions.

Why VIRGIN DAO?

VIRGIN DAO strives to be the number one DAO on the Metaverse. When you invest in a DAO’s token, you are joining a community that reflects your values more so than a meme coin. VIRGIN DAO started with the intention of backing Metaverse and Blockchain dating Projects with its treasury and anyone who joins our community know that from day 1.We believe we can achieve our goal of becoming the undeniable winner on/of Avalanche and in the Metaverse by being the most innovative — both through developments, as well as through aggressive marketing.
A DAO is only as good as its community. Our Twitter and Discord are only live for little less than a week now, we are already so excited to see a fast-growing and highly involved community, which is, together with the team, highly motivated to make VIRGIN DAO succeed.
Our developers are currently implementing multiple unique developments prior launch, and early supporters will be the first to hear.
Marketing will be another pillar of the success of VIRGIN DAO. We believe our our winning product will speak for itself, yet we also believe wide-reaching, accessible, relatable marketing will be the key to unlocking the growth potential of VIRGIN DAO. Our marketing team spends an enormous amount of time examining market trends, dissecting the successes of other projects in the space, and designing goals orientated campaigns that will create awareness and educating potential investors.

Our team

VIRGIN DAO is a advanced fork of Olympus DAO on the AVAX Network. Our team is mostly anonymous, born from the DeFi Community as well as the startup scene. We are a group of serial entrepreneurs, DeFi farmers, blockchain developers, and growth hackers. VIRGIN DAO is working actively at becoming a Decentralized Autonomous Organization — creating a new monetary system backed by metaverse & dating infrastructure, and to build an economy around it.