Building a Healthy Treasury
As a backing of the project and Protocol owned assets!
Team wallet, Dev Wallets, LP driver contract address and Aridrop contract address will also do complementary function in building healthy treasury. When marketcap to LP ratio is already healthy, any excess reflections collected in those contract address (above and beyond the initial % balance) will be sold on open market to generate protocol own treasury reserve that will act as guaranteed value of the project backed by its assets like blue chips, AVAX, BTC, ETH, USDC etc.
A dedicated community own publicly known multisig treasury wallet will act as a custodian for the basket of assets.
If the protocol ever gets insolvent by unforeseen circumstance, our treasury wallet balance will be our last line of defense to protect our investors (similar to OHM fork's Treasury Backing and will have a backing price per token also compared to market price). In those situations, if we ever decide to discontinue the projects, the treasury balance will be distributed in proportion to the amount of token held in your wallet. For example, if you hold 1% token and the treasury have 1 million as backing, you will get 10K USDC (1%) as airdrop even the project fails.
So early in the course, we will build simultaneously LP and treasury (depending on which part is needed more after community discussion).
Other potential use of Treasury: All subjected to DAO voting.
Project incubation and seed investments
Game and metaverse development - when approved by DAO voting.
Charity donations for great causes.
Building NFT market place and our own NFT development.
Social tipping bot development
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