The DAO draws funds from the Galactic Treasury to operate its activities.
The DAO fund is an integral part of any project as it allows for continuity of development and further community engagement. A 5% Royalty fee is currently applied to all secondary sales, and for now, the ExoWorlds Foundation is funneling the proceeds entirely into the ExoWorlds DAO. That's right; all Secondary Market Royalties have always gone 100% into the DAO wallet!
The DAO Treasury holds all of the DAO's funds and assets and has 4 principal functions to maximize the value of the ecosystem:
Buying up stagnant/low-priced ExoWorlds on the marketplace helps sustain floor prices. It opens up NFTs for community giveaways, competitions, charitable auctions, and in-game tournaments for players.
They engage the community by hosting events such as giveaways, competitions, and tournaments. A community fund helps bring the ecosystem together in various fun and exciting ways. Even pursuits such as the DAO vNFT Vault are a form of community development - it connects ExoWorld holders to the NFT ecosystem while building value.
Using Royalties, ExoWorlds can sustainably contribute to the world and help communities in need. We are very passionate about Refugee and WASH programs and animal causes. Our mission also includes fighting for the health of our beautiful planet, so we will be partnering up with the ReSea project to remove plastic from our precious oceans. More on that to come soon!
The community can also participate in developing the ExoWorlds MetaVerse by voting to allocate funds for specific features or updates. As the ecosystem grows, especially once Phase II is developed, DAO members can direct this fund for certain developments that they have voted on and approved.