PAPA DAO is decentralized reserve currency protocol on the Avalanche Network based on the PAPA token. PAPA DAO develops infrastructure incentives that fulfill its objectives with the PAPA token as the currency of the metaverse and the gaming universe. As a matter of course, PAPA DAO will back and help build the future of metaverse and gaming. Each PAPA token is backed by a basket of assets (e.g, MIM, PAPA-AVAX LP Tokens, Metaverse Infrastructure Projects, Play-to-earn projects, Digital Land etc etc) in the PAPA DAO treasury, giving it an intrinsic value that it cannot fall below. PAPA DAO also introduces economic and game-theoretic dynamics into the market through staking and bonding. reference
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