KnoxDAO

KnoxDAO is a Learn2Earn investment DAO governed by LydianKnoxers. Own a Knoxer NFT to join our citadel and generate kUSD (an asset-backed stablecoin).

KNOX tokens were airdropped in Celo Network at a 1:1 rate to existing KNX holders (those with more than 1 KNX in their wallets) and Ubeswap KNX-CELO LPs. The snapshot was taken on March 18 on both Celo and Ethereum Networks (Ethereum KNX holders receive KNOX tokens in Celo Network as well).

KnoxDAO Reserve & KNOX Book Value Similar to Celo Reserve, KnoxDAO Reserve is holding KnoxDAO asset ($KNX) and non-KnoxDAO assets ($ETH, $CELR, $AGLD, $MVI) to expand kUSD supply and maintain its dollar peg, in-line with user demand. If our diversified portfolio of cryptoassets grow in coming years, KnoxDAO will be able to expand its kUSD supply to >$100,000.

KNOX book value = KnoxDAO Reserve holdings / KNOX circulating supply

KNOX token is a way for KnoxDAO members to redeem for KnoxDAO Reserve assets and vice versa. When KNOX token is trading below book value, there will be a weekly buyback on Symmetric DEX.