# Introduction
## 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?
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?
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?
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.
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?
**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.
The team will create longterm profit to participants and utilities of the native token by operation with accumulated experience.
The diversity of the team will help Neverland to approach various markets in different ways.
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