Rights and Duties of Members

Rights of Members

1. Proposal Rights: Members have the right to propose changes, amendments, or initiatives they believe will bolster the GG Collective’s objectives. Their voice in introducing new strategies and solutions is respected and considered.

2. Voting Rights: Each member, with a KYC-verified wallet, has the right to vote on Governance Proposals and Elections. Their vote holds equal weight and power, irrespective of the number of tokens held, ensuring democratic governance.

3. Access to Information: Transparency is crucial. Members have the right to access crucial documents, progress reports, and updates related to the GG Collective's operations and strategies.

4. Participation in NFT Rental Pool: Members can actively participate in the NFT Rental Pool, either as lenders or borrowers, thereby enjoying the economic benefits that come with it.

5. Equitable Revenue Share: All members holding $GG tokens have a right to a share of the revenue generated by the GG Collective, ensuring their stake and commitment is rewarded.

Duties of Members

1. Acting in Collective’s Best Interest: Members must always act in the best interest of the Gala Collective, promoting its growth, unity, and sustainability.

2. Ethical Considerations: Upholding the Collective's integrity is paramount. Members should abstain from any actions that might jeopardize the Collective's reputation or operations.

3. Stay Informed: It's the responsibility of members to stay updated on the Collective's activities, initiatives, and proposals. An informed member ensures a more active, engaged, and democratic governance.

4. Regular Participation: Engaging in discussions, attending community meetings, and voting on proposals are fundamental duties of each member. Their continuous involvement strengthens the community's bond and effectiveness.

5. Compliance with Regulations: Members must adhere to regulations associated with holding and transacting $GG tokens, especially given its classification as a security.

6. Constructive Feedback: While the right to critique is valued, it should be aimed at the betterment of the Collective. Members should ensure their feedback is constructive, objective, and forward-looking.

7. Promote Collective’s Vision: Every member should strive to further the Collective’s vision, be it through direct involvement in projects, evangelizing the Collective’s initiatives, or supporting fellow members.

In essence, the rights and duties of members in the GG Collective go hand-in-hand. While the Collective empowers its members with rights, it also entrusts them with responsibilities to ensure its long-term vision and success.