About Mimo Governance Token

Mimo is a decentralized protocol on the Ethereum blockchain designed to create a stable and reliable price-stable token system. It offers a range of applications that remove the need for trusted intermediaries, including the PAR token, which is the first Euro-pegged stablecoin in the world. Users can deposit assets into secure, unique vaults where their funds are never loaned out, and all vaults are protected by a Safety Reserve. Mimo governance tokens are awarded to users who create PAR tokens through borrowing or provide liquidity in AMM pools. This distribution model ensures that control of the protocol remains in the hands of the community and users of the Parallel Protocol.