A Decentralized Autonomous Organization (DAO), is a type of organization that operates through rules encoded on a blockchain. It is run by a group of individuals who collectively make decisions, vote on proposals, and manage the organization without the need for a central authority or hierarchy.
The CGC DAO will be responsible for managing the Treasury (community wallet), which will initially be funded with a portion of the revenue generated from membership sales. Owning a CGC membership does not give members automatic voting rights, instead members will have to also own $VNT tokens in the same wallet as their membership.
All community members who own $VNT tokens can present proposals to the DAO, will have voting power on new improvements/procedures and how much to allocate towards new developments, marketing and financing proposals. The community will have complete control over the movement of the CGC DAO as it progresses in the future.
As a member you have access to collective decision-making and financial empowerment.
15% of the total sales generated from memberships will be allocated to the Treasury to be used by the CGC DAO to drive the mission forward. 15% of the total royalties collected from secondary market sales will be allocated to the Treasury.
15% of the total sales generated from memberships will be allocated to a liquidity pool to facilitate trading of $VNT rewards. 15% of the total royalties collected from secondary market sales will be allocated to the liquidity pool.
CGC members can earn a yield by staking their membership. Rare monkeys earn a higher yield than common monkeys. Holders can generate staking rewards, play-to-earn rewards and Grow Tunnel royalties all at the same time. Yields are paid out in $VNT at the start of every month.