Community Treasury
Last updated
Was this helpful?
Last updated
Was this helpful?
The Community Treasury has an initial of 25% of the maximum supply of FLAM and receives all effective total fees collected from rentals. The Flambu DAO defines how the assets in the Community Treasury are to be managed, used, and granted. Initially, the following uses will be in operation:
20% of the Community Treasury's item rentals fee revenue is converted to stable tokens and sent to the .
The Community Treasury co-funds, together with the Foundation Reserve, the Core Team.
The Flambu DAO will design processes to use the Community Treasury to fund projects from community members for the benefit of the Flambu community and the ecosystem, as well as token burn events in order to increase deflation of the FLAM token from time to time.