# Introduction

![Neverland; A Land of Never End](https://3789625158-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FYcOwhg7UHi4YN6Nl1Hs9%2Fuploads%2Flj0IrTOZFQwvgUrr4p4T%2Fimage.png?alt=media\&token=7d742f86-4080-4924-8ab1-89ae789d7d83)

## What is Neverland?

 **Neverland** is a decentralized reserve currency protocol based on the **HOOK** token. Each **HOOK** token is backed by a basket of assets (e.g. KUSDT, KDAI) in the **Neverland** treasury, giving it an intrinsic value that it cannot fall below. **Neverland** also introduces unique economic and game-theoretic dynamics into the market through staking and minting.

## What is the point of Neverland? <a href="#what-is-the-point-of-neverland" id="what-is-the-point-of-neverland"></a>

&#x20;Our goal is to build a policy-controlled currency system, in which the behavior of the **HOOK** token is controlled based on the smart contract. In the long term, we believe this system can be used to optimize for stability and consistency so that **HOOK** can function as a global unit-of-account and medium-of-exchange currency. In the short term, we intend to optimize the system for growth and wealth creation.

## How do I participate in Neverland? <a href="#how-do-i-participate-in-neverland" id="how-do-i-participate-in-neverland"></a>

&#x20;There are two main strategies for market participants: [staking ](https://docs.neverland.finance/basics/staking)and [minting](https://docs.neverland.finance/basics/minting). Stakers stake their **HOOK** tokens in return for more **HOOK** tokens, while minters provide LP tokens in exchange for discounted **HOOK** tokens after a fixed vesting period.

## How can I benefit from Neverland? <a href="#how-can-i-benefit-from-neverland" id="how-can-i-benefit-from-neverland"></a>

&#x20;The main benefit for stakers comes from supply growth. The protocol mints new **HOOK** tokens from the treasury, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit.

&#x20;The main benefit for minters comes from price consistency. Minters commit a capital upfront and are promised a fixed return at a set point in time; that return is in **HOOK** and thus the minter's profit would depend on **HOOK** price when the minted HOOK's redeem period matures. Minters benefit from a rising or static **HOOK** price.

## Who created Neverland? <a href="#who-created-neverland" id="who-created-neverland"></a>

&#x20;**Neverland** is established by a team made of DeFi experts from various countries, specialized to blockchain development, strategic business analytics, developing business partnership, social media marketing/promotion, graphic design/branding.

&#x20;The team will create longterm profit to participants and utilities of the native token by operation with accumulated experience.

&#x20;The diversity of the team will help Neverland to approach various markets in different ways.