Messier

Messier builds a suite of decentralized applications on numerous networks, where they will collect service fees, which will be sent to the Virgo DAO's vault.

M87 holders will be able to stake their tokens in Virgo, where they will be able to create and vote on proposals to purchase alternative ERC-20s using treasury funds, which will be distributed directly to them. All functions related to the handling of funds within Virgo are performed by immutable smart contracts to ensure that there is no middleman handling funds at any stage of the process.

As can be seen from the white paper, Virgo will have a buy and burn mechanism that will put the M87 token under significant buying pressure while drastically reducing its circulating supply. Most projects with a buy and burn mechanism do them by recycling the taxes collected from their token trading volume, resulting in an endless need to acquire token buyers to give the token its value (Ponzi scheme).

In contrast, the M87's buy and burn mechanism in Virgo will use funds from service fees charged by various Messier apps, ensuring that there is no need to acquire token buyers to increase the token's value. Not only will this provide real value to the M87 token, it will also help remove biases that might otherwise interfere with objective reasoning about the governance of the Virgo Treasury Fund.

Ultimately, Messier is focused on creating a vast ecosystem of decentralized applications that give consumers and businesses the tools necessary to replace fiat currencies with cryptocurrencies.