A new subscription tier that lets users unlock all advantages that only TreeNFT holders could get until now will also be introduced.
At the same time, 45% of all tokens will go to a treasury governed by the 100 TreeNFT holders (referred to as “the DAO”) and managed by a multisig controlled by a subset of those NFT holders.
This treasury will be governed by the DAO and used for a wide range of purposes, including awarding members who alert other members of beneficial news, or who provide valuable scraping information, among others.
Each NFT has a voting weight of 1 for proposals, and each proposal may be vetoed by Tree Of Alpha if it is deemed harmful to the long-term prosperity of the project. After a vote is passed, the subset of NFT holders who act as signers for the treasury multisig need to initiate, and approve, the transaction with a majority.
The cost of the new subscription tier will be calculated every day in TREE tokens, and its dollar value agreed-upon on launch by the DAO. This cost may be changed by the DAO in the future to ensure reasonable access to subscriptions. It is recommended the cost be changed no more than once per month, barring unforeseen circumstances.
