Governance

2.5% of the total SPORT token supply is allocated to the treasury governed by the principles of a decentralized autonomous organization (DAO). The funds in the treasury will be constantly growing as Lympo will allocate part of its proceedings from NFT primary sales on its NFT minting platform and NFTs designated to be utilized in the games.

That means that those Lympo supporters who have an access to the treasury governance, will be able to submit or vote on proposals related to the use of funds in the treasury, future games and other features of the Lympo products and ecosystem.

SPORT token together with the O’Lympian NFT are key components to participate in Lympo governance. O’Lympian NFTs are a limited edition of 10,000 generative art NFTs that serve as an entry ticket to a special Lympo members club, the participants of which will get various perks like access to BETA testing of Lympo games, special preferential access to the future Lympo NFTs, access to an exclusive community chat and, most importantly, Lympo treasury governance. More on the NFT drop and detailed list of perks will be communicated in the near future.

In order to participate in the treasury governance proposal submission and voting, users will not only be required to hold the special NFTs, but also to stake a specific amount of the SPORT tokens.