TempleDAO (TEMPLE) is a virtual currency that aims to provide DeFi users an accessible medium between stablecoins and high-volatility tokens. TEMPLE is a low-volatility, fractionally backed, and yield-bearing token. Low volatility, frictionally backed, and yield burning refers to:

TempleDAO aims to provide DeFi users with constantly growing, low-volatility assets. The end goal of TEMPLE is Ascension. More precisely, ascension occurs when the intrinsic value of a coin is more than the purchase price of the token. Thus, the price risk is minimal at this stage, and the platform seeks to multiply tokens to offer users additional benefits.

To fulfill its objectives, TempleDAO works on the following pillars:

TempleDAO seeks to prioritize fair, long-term, stable wealth creation and build a solid community. The platform also rewards the users who help in the growth of the Temple community. TEMPLE also aims to provide special offers and extra benefits to the users who participate in the RITUALS of the protocol.

TempleDAO was introduced on Ethereum on August 9, 2021, by a few anonymous individuals.