Post Gen 1 Mint
Staking mechanism released and made available.
$GOG utility token revealed.
Tokenomics revealed on our website and socials.
Staking your GOG NFT to receive $GOG tokens.
GOG holders who have staked all 6 of the different gods will receive a multiplier on the staking reward received.
Different multipliers are given for varying levels of unique Gods collected.
DAO Mechanisms for voting developed and released.
Vault managers chosen by DAO.
Galaxy DAO takes full control over the God’s Vault & all decisions made.
Free full-quality downloads of your NFT made available.
The God's Vault
DAO voting on Vault investments.
Rewards from the Gods’ Vault paid in free NFT mints, $GOG and fractionalisation of NFTs. Share of mint income refunds the vault.
Excess funds from the vault are used to buy popular collections which are auctioned off to the DAO using $GOG utility tokens.
Access to future collections
Gen 1 holders gain access to mint future GOG collections.
$GOG may be used to purchace and pay for new collections. These collections will be released over the coming months.
$GOG tokens that are used to mint next Gen NFTs are burnt.
We would like to update the concept of the GODS’ VAULT.
The Gods’ Vault will be funded via a percentage of the minting income of the project, as well as 50% of the royalties from secondary market sales. The majority of the vault funds will be used to identify and invest in new NFT projects that show promising potential for the future. The vault managers, appointed within the DAO by DAO, will also implement extra yield generating tactics to boost the buying power and liquidity of the vault. Risk mitigation tactics will be taken to ensure a conservative yet profitable deployment of capital and certain vault parameters such as minimum liquidity thresholds and maximum capital outlay will be set to help guide vault operations. It is important to note that the vault will be fully decentralised and managed by the DAO. The DAO is able to propose any changes to current vault parameters and procedures where deemed necessary. The Vault will have two main goals, long term growth and providing value to our DAO members.
The main growth of the vault will come from investment into new NFT projects on an equity basis. The Galaxy DAO will decide on the equity percentage and investment amount after an in-depth analysis of each project. After launch, the equity share of the minting income will be taken out to then be used to further fund the operating activities, or a share of the supply of NFTs of the project will be made available to the GOG community (depending on which is voted as more beneficial by the DAO).
The aim is to grow this Vault for years to come, so the value created for holders is sure to be significant. Further profit sharing will be conducted in a similar fashion, in which the excess funds of the vault will be used to buy up floors or rare’s of promising community voted NFT projects. These NFTs are auctioned off within the DAO to any verified holder that is willing to contribute the most $GOG. In order to safeguard against the average joe being crowded out by whales staking full collections, a large portion of the NFT bought up using the extra profit will also be airdropped through giveaways (the exact portion will be determined through community voting). Given the long term goal of the Vault, a minimum monthly growth threshold is set. While the total value of the vault is under $500k, the vault first needs to grow at least 10% in a month, any excess growth will be used to buy and auction NFTs back to the DAO. After the total vault value exceeds $500k, then anything in excess of 5% growth a month can be used to buy an auction back NFTs to the DAO.
Where the DAO deems appropriate, the vault will also be used to fund initiatives that may improve and benefit the overall strength and value of the Gods of the Galaxy community. This may include various ideas/technologies for other projects to make use of that will help further increase the value of the Gods’ Vault. Examples of these may be launch pads, supporting software developers, minting platforms, metaverse integrations, clothing merch, comic books etc.
We will be launching a staking platform where holders are able to stake their Generation 1 GOG NFTs and get rewarded in our native token, $GOG. Staking rewards are increasingly multiplied if different specified combinations of Gen 1 NFTs are staked (with the highest multiplier achieved through staking the full collection). $GOG rewards are accrued daily with higher rewards given to higher rarity Gods.
The $GOG token has zero monetary value but will have multiple different utilities, however it will predominantly be used for DAO governance and as well as payment for NFTs auctioned from the vault. The more tokens you accumulate, the more voting power you have within the DAO. The team will have no $GOG token allocation and will only be able to participate in voting by earning our own $GOG tokens through staking. All decisions made by the DAO will be decentralised and controlled by the community. The DAO will have full control over the Gods’ Vault and can propose to make any changes to the structure of the vault where deemed necessary.
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