Token Utility

$GG Token Infrastructure:

$GG is going to be built on the Solana blockchain, offering transparency and security for our community. By residing on the Solana blockchain, $GG leverages the security and transparency of established blockchain technology. Every transaction is public, immutable, and verifiable by anyone within the community, ensuring trust in our operations. Token Utility Within The Ecosystem:

• Sharing the Collective's overall earnings.

• Participation in votes.

• Participating in the Collective NFT Rental Pool.

Revenue Share & Governance Model:

Security: $GG is flied as a security with the SEC, enabling it to operate as a royalty share mechanism. This ensures equitable revenue distribution to token holders. Revenue Distribution: All revenue generated by the Gala Collective is equally distributed among $GG token holders.

Operational Costs: A proportion of $GG tokens is retained to ensure smooth operations without diluting external holders' revenue.

Voting Rights: Token holders have the privilege to vote on essential decisions, from electing department heads to making strategic choices.

NFT Rental Pool:

Function: Bridges NFT owners with the community, allowing assets to be lent for compensation in $GG tokens. Process: Players can bid on available NFTs using earned or purchased Collective tokens. The tokens spent during the auction get divided between the asset owner and the Collective. Additionally, both parties share the in-game rewards, with the proportion set by the lender.

Vesting Period:

Initial Vesting: For the first year, 1/3 of the purchased $GG tokens will vest. Subsequent Vesting: Followed by a quarterly release of 1/12 of the tokens until the total allocation is dispensed. While rewards from $GG will be distributed irrespective of the vested amount, tokens cannot be sold in the open market until the vesting period concludes.