




Sapphire DAO consists of its protocol managed treasury, protocol owned liquidity, bond mechanism (minting), and high staking rewards that are designed to control supply expansion.
Connect Wallet


Locate your wallet
Buy


Transactions
and private

Each Sapphire is backed by 1 BUSD, not pegged to it. Because the treasury backs every Sapphire with at least 1 BUSD, the protocol would buy back and burn Sapphire when it trades below 1 BUSD. This has the effect of pushing Sapphire price back up to 1 BUSD. Sapphire could always trade above 1 BUSD because there is no upper limit imposed by the protocol. Think pegged == 1, while backed >= 1.
You might say that the Sapphire floor price or intrinsic value is 1 Sapphire. We believe that the actual price will always be 1 BUSD + premium, but in the end that is up to the market to decide.

- Name:Sapphire
- Fixed Limit:500,000 BUSD
- Soft Cap:100,000 BUSD
- Exchange:1 SAP = 7 BUSD
- Currency:BUSD
- Min Purchase:1 SAP / 7 BUSD
- Ends:April 30

JANUARY-FEBRUARY 2022
Sapphire DAO Token Presale
Requirement gathering by a suggestion voting system
Sapphire DAO Launch
Smart Contract Audits.
MARCH-MAY
Marketing initiatives to grow the community
Update dashboard with more information & graphics
Sapphire DAO NFT Whitelist process
Sapphire DAO NFT Launch
NFT Stake for higher APY.
JUNE 2022
Listing on centralized exchanges
Sapphire DAO Bank : Lending & Borrowing protocol
SapphirePAY development
More bond offerings..
FURTHER ROADMAP
Sapphire DAO Launchpad to incubate innovative startups
Sapphire DAO BridgeCross Chain Expansion..
QUARTER 3 2022
New developments to be Unveiled.
QUARTER 4 2022
New developments to be Unveiled.
QUARTER 1 2023
New developments to be Unveiled.
- MARCH-MAY 2022
Sapphire DAO Launch
Marketing initiatives to grow the community
Update dashboard with more information & graphics
Sapphire DAO NFT Whitelist process
Sapphire DAO NFT Launch
NFT Stake for higher APY. - FURTHER ROADMAP
Sapphire DAO Launchpad to incubate innovative startups
Sapphire DAO BridgeCross Chain Expansion. - Quarter 4 2022New developments to be Unveiled.
- JANUARY-FEBRUARY 2022
Sapphire DAO Token Presale
Requirement gathering by a suggestion voting system
Smart Contract Audits. - JUNE 2022Listing on centralized exchanges
Sapphire DAO Bank : Lending & Borrowing protocol
SapphirePAY Development
More bond offerings. - QUARTER 3 2022New developments to be Unveiled.
- QUARTER 1 2023New developments to be Unveiled.



Lorem ipsum dolor sit ametcon sectetur adipisicing elit, sed doiusmod tempor incidi labore et dolore magna aliqua.

Ut enim ad mini veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat aute irure dolor in reprehenderit!

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore.

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore.

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore.

Subscribe To Our Telegram Group.

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Dollar-pegged stablecoins have become an essential part of crypto due to their lack of volatility as compared to tokens such as Bitcoin and Ether. Users are comfortable with transacting using stablecoins knowing that they hold the same amount of purchasing power today vs. tomorrow. But this is a fallacy. The dollar is controlled by the US government and the Federal Reserve. This means a depreciation of dollar also means a depreciation of these stablecoins.
Sapphire DAO aims to solve this by creating a non-pegged stablecoin called SAP. By focusing on supply growth rather than price appreciation, Sapphire DAO hopes that SAP can function as a currency that is able to hold its purchasing power regardless of market volatility.
No, SAP is not a stablecoin. Rather, SAP aspires to become an algorithmic reserve currency backed by other decentralized assets. Similar to the idea of the gold standard, SAP provides free-floating value its users can always fall back on, simply because of the fractional treasury reserves SAP draws its intrinsic value from..
Each SAP is backed by 1 BUSD, not pegged to it. Because the treasury backs every SAP with at least 1 BUSD, the protocol would buy back and burn SAP when it trades below 1 BUSD. This has the effect of pushing SAP price back up to 1 BUSD. SAP could always trade above 1 BUSD because there is no upper limit imposed by the protocol. Think pegged == 1, while backed >= 1.
You might say that the SAP floor price or intrinsic value is 1 PD. We believe that the actual price will always be 1 BUSD + premium, but in the end that is up to the market to decide.
There is no clear answer for this, but the intrinsic value can be determined by the treasury performance. For example, if the treasury could guarantee to back every SAP with 100 BUSD, the intrinsic value will be 100BUSD. It can also be decided by the future DAO. For example, if the DAO decides to raise the price floor of SAP, its intrinsic value will rise accordingly.
At a high level, Sapphire DAO consists of its protocol managed treasury, protocol owned liquidity, bond mechanism (minting), and high staking rewards that are designed to control supply expansion.
Bonding in the “Mint” page generates profit for the protocol, and the treasury uses the profit to mint SAP and distribute them to stakers. With LP bond, the protocol is able to accumulate liquidity to ensure the system stability.
.


Access Sapphire Dapps via Trust wallet.
Send, Receive & Trade Sapphire
Send, Receive and Trade Sapphire.
Web3 Interface
Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua enim. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit ame.
Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.