🏰Galactic DAO Governance

Galactic DAO is a decentralised community of Galactic Apes created by Founders of Gape Labs and governed by its DAO Members.

Galactic DAO Governance Distribution

Galactic DAO Funding Sources:

1. [Recurring - $SUI] The Galactic DAO is funded by 7.77% royalties earned from secondary sales of Galactic collections [Apes/Ships/Sub-scapes/Primates], 4.44% of which goes to Galactic DAO Treasury, 2.22% will go to the Core Team for development & 1.11% goes to fund $GAPE pools.

2. [Recurring - $GAPE] Galactic DAO Treasury is also funded from auctions of assets, raffle tickets and merchandise sale from Galactic Store.

3. [One-time - $GAPE] Galactic DAO Treasury is also be funded with 100% mint proceeds from Galactic Sub-scapes and Galactic Primates collections.

Galactic DAO Treasury Funds will be used for:

1. Funding community events, physical meets and games like treasure hunts.

2. Assets acquisition for auctioning and raffling using $GAPE.

3. Purchasing and burning NFT's in Paper Hands - Paper Metadata⬆️Zone

4. Payments for work done by community talent.

Decision making is carried out by collective governance of:

1. DAO Founders [9%]: Founders of Galactic DAO and creators of Galactic Collections.

2. Galactic Federation [51%]: DAO's governing body responsible for polling decisions from holders of Galactic Collections and prominent community team members. Providing Galactic DAO with final decision based on DAO Members voting.

3. Alpha Apes [30%]: A special division of Apes continuously hunting for Alphas and keeping updated with current market trends.

4. DAO Premium Partners [10%]: DAO's partners playing vital role in the growth of Galactic Collections will participate with weight in partnerships related decisions.

Galactic Federation and Alpha Apes gives decisions on executions related to DAO funding and spending in total coherence.