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DAO treasury
PandaPunks is completely decentralized. The developers do not have autonomy over the proceeds. It is a governed community project with privacy and security. PandaPunks don't give room to hierarchy. Every decision-making is done by the community. This makes PandaPunks one of the special projects in the NFT community.
100% of auction proceeds (ETH) are automatically deposited in the PandaPunks DAO treasury, where they are governed by PandaPunks owners. Each PandaPunk is an irrevocable member of PandaPunks DAO and entitled to one vote in all governance matters. PandaPunk votes are non-transferable (if you sell your PandaPunk the vote goes with it) but delegable, which means you can assign your vote to someone else as long as you own your PandaPunk.

PandaPunks on the OEC chain

Early stage: all PNDs of the first sale revenue will be destructed, the handling fee (2.5%) and royalty (2.5%) of the second sale enters the PandaSwap board revenue pool
Later stage: PandaPunks holders vote to determine the use of the initial sale revenue, PandaSwap board members vote to determine the use of handling fees and royalty

PandaPunks on the Ethereum chain

Early stage: all ETH of the first sale revenue will be used by the team (for example: buyback PND, dividends to board members, etc.), the royalty (2.5%) from the second sale enters the PandaSwap board revenue pool
Later stage: PandaPunks holders vote to determine the use of all revenues
Last modified 2mo ago
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