trees.finance Community Vote #1
Our first governance event saw $77,800 of $GANJA burned from the community wallet (our minimum deflation mechanism), with the allocation of the remaining $77,800 being put to a vote in the Smoker’s Club. (All token holders with at least 1 $GANJA token are eligible to join the Club)
Proposals for the use of community funds
The community submitted over 20 proposals on how to use the funds collected in the community wallet. Among the proposals, there were 3 common themes; with 1 standing out above all. The themes were below:
1) Marketing — we need to use funds to grow awareness for the project and the $GANJA token. This was a theme of the majority of the proposal. We’re happy to say that we’ve lined up some awesome marketing support moving forward.
2) Community Rewards — Some of the proposals were to reward the Smokers Club community, which makes sense. All early members are taking some level of risk to jump into a project.
3) Burn — now this came out in the proposals, and we felt since we have a built-in burn mechanism and just burned 200+ tokens that it would not be sensible to burn more. However, we read the burn proposals as folks wanting to take tokens out of circulation, which also makes sense, so we’ve included an option to send tokens to the trees.finance reserve for use in the future. These tokens would be locked for 90 days, taking them out of circulation.
Voting and Results
The trees.finance community voted to use 160 tokens for marketing, while 20 tokens were moved to be locked in the reserve funds. Additionally, we will airdrop 20 $GANJA to all Smokers Club members on Sunday, March 21st before the next governance event.
Audit 100% SAFU
Telegram Discussion: t.me/treesfinace
Rarible (ETH): https://rarible.com/treesfinance
JustuSwap (BSC): http://jutsuswap.com/#/ganja-nfts
disclaimer: trees.finance is an experimental project in decentralized finance and as with any other investment there is risk involve