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.

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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Full Staking Schedule including multipliers.

As per the table, the second column shows the amount of tokens earned per day. The multiplier column shows the multiplier applicable if the full collection is staked (1.5x) or partial collection starting from Spartan (requiring every god on the way up). Hence, simply staking a Cronus does not qualify for the 1.3x multiplier - one would need to stake a combination of Spartan, Poseidon, Zeus, and Cronus.

The maximum supply of $GOG tokens is currently capped at 500 000 000. Under this supply it would take just shy of 5 years for all tokens to be generated (assuming the full collection staked with max multipliers in place).