Tokenomics

The current Tokenomics is based around the $GOG token and its pure utility functionality within the vault.

Some may find the actual mechanics difficult to grasp due to the multipurpose nature of the token.

To explain in a more structured manner, consider the $GOG token as being able to be used in two different avenues. Both of these avenues are functions of the Gods’ Vault and are only relative to Vault operations.

A - A governance tool within the Galaxy DAO to weigh in on

B - A way of capturing and claiming value from the Gods’ Vault

Think of the $GOG tokens you hold as a call option on either of these options, meaning that you can exercise your right to participate in either A or B at any one of the opportunities that arise. Naturally, one must be a verified member within the DAO regardless of the amount of $GOG tokens one owns.

With operation B, the $GOG tokens are solely used to bid on in-house DAO auctions of NFTs acquired through Gods’ Vault investment or through buying up floors or rares with excess Gods’ Vault growth. All $GOG that is spent, will be burnt.

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