$DBL

Purpose

Why does the Doubloon token exist in Galleon DAO?

The Galleon DAO is controlled by DOUBLOON token holders who participate in voting on off-chain proposals that impact governance within the Galleon product ecosystem. Governance Unlike commonly used governance voting models that can be cumbersome and slow, Galleon aims to be a fast-paced, aggressive and governance streamlined DAO.

The mechanism that enables this is a novel approach to governance where development and initiatives are not voted in favour to continue, but voted to cease - this is called Optimistic Governance. This allows Galleon to execute new products efficiently and bring strategies to users at a pace that aligns with the rapidly changing market, avoiding no issue of missing governance quorum.

Utility

DOUBLOON launched as a simple ERC-20 governance token initially, but Galleon is keen to further experiment with token utility as the project progresses.

• Funding DAO contributors. Galleon stays nimble with contributor count, acting heavily in favour of full-time core contributors in contrast to large working groups of part-time members. We will leverage wider community contributors through paid bounties and grants with clear outcomes.
• Revenue from structured products is initially accrued back to the DAO treasury under governance control, later down the line we are very interested in exploring fee-sharing utility for DOUBLOON holders, but only after achieving significant growth where the revenue makes sense.
• Product incentivisation schemes, grants & bounties. Incentivisation will be focused on long-tail sticky growth (minting Sets, development bounties, partnerships, bootstrapping product liquidity).
• DOUBLOON holders have the ability to shape how the DAO treasury funds are spent by influencing snapshot votes proposed by the core team.

<aside> ✅ Seed Tokenomics

Max Supply: 100M

• Deployment Network: Arbitrum
• Initial market cap: $1,000,000
• Initial FDV: $5,000,000
• Seed: $0.05
• LBE: https://arbitrum.copperlaunch.com/pools/0x2dB615Fe592EC8B147a40df788C829D08Fbb6F65 </aside>

<aside> ✅ DOUBLOON Distribution

• 65% Community owned DAO treasury
• 20% Investors
• 15% Galleon Core Team </aside>

<aside> ✅ Initial Circulating Supply (20%)

• 10% Community owned DAO treasury
• 5% Treasury Bootstrapping Event
• 5% Airdrop to incentivise community engagement </aside>