Treasury
Societal will have its own on-chain treasury that will be used to ensure development, operations and uptime of the network. In the early stages of the project, Societal will set aside a small portion of the treasury to be managed by the community. Token holders will be able to create and vote on initiatives that they would like to be funded by the community treasury. As the project progresses and slowly transitions into a DAO, the amount in the community run treasury will increase. When Societal completely transitions to a DAO, all of the funds will be moved to the community treasury. The treasury will be funded by the initial amount of tokens that are reserved for the Societal treasury, as well from the fees from the purchase of the application subscriptions.
Last modified 1yr ago