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Immortal is a decentralized reserve currency protocol built on the Celo blockchain, powered by the IMMO token. Every IMMO token is supported by a reserve portfolio that includes assets like mcUSD, mcEUR & CELO within the Immortal reserves, providing intrinsic value that is designed not to drop below a floor. Immortal also brings distinct economic and game-theoretic mechanics to the market via staking and bonding.
For now, investors primarily choose between two approaches: staking and bonding. Stakers lock their IMMO tokens to receive additional IMMO, while bonders supply Liquidity Pool (LP) or mcUSD tokens to obtain discounted IMMO after a set vesting interval. Holders of sIMMO can vote on key community matters, including Audits, Listings, and Fund Management. Community proposals are submitted as Immortal Improvement Proposals (IIPs).
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