๐ฐ Community Treasury
A key part of the Rekt Frens ecosystem is the community treasury wallet. This treasury receives 30% of the total FRENS token supply and will accrue additional revenue from:
Trading fees on Uniswap are collected through the liquidity pool
Profits generated from yield farming activities
Potential appreciation of portfolio assets over time
The Rekt Frens team will kickstart the treasury by funding it for 1 year after the initial contract deployment. This serves as a minimal viable product to prove the investment strategy before further decentralizing control to the community. The team retains the right to withdraw their initial seed money at any point during this period.
After the 1 year bootstrapping phase, the community treasury will transition to being fully governed by all FRENS and Rekt Frens NFT holders. Token holders can participate in governance decisions over the treasury through Snapshot voting proposals.
The treasury will be used to fund initiatives that grow the Rekt Frens community and ecosystem. Proposed uses include:
Marketing campaigns and influencer partnerships
Development of new features and integrations
Creation of educational resources around crypto investing
Airdrops and rewards programs to drive engagement
Strategic investments into yield opportunities
The community treasury unlocks the full potential of the Rekt Frens platform by aligning financial incentives between token holders and providing resources to expand the project. As the treasury grows over time, so too will the revenue-sharing potential when profits get distributed back to FRENS holders. The initial 1 year of team funding jumpstarts this flywheel effect to showcase viability before opening up to fully decentralized management by the FRENS and NFT holding community.
Last updated
