Community Treasury and multi-sig signers

noahnoahnoah · May 31, 2022, 3:13am

Congrats ser, you deserved it. 100%

nima · May 31, 2022, 3:13am

Perfect idea I am very optimistic about the future of the Galaxy

richgod · May 31, 2022, 3:57am

nice calman 3am club new bee～

metamask · May 31, 2022, 4:03am

good ,This very good

Mahmoud · May 31, 2022, 4:04am

Good look for commuinty galaxy and for all

bitma · May 31, 2022, 4:14am

cool congratulation！！

yuzu · May 31, 2022, 4:29am

nice
$GAL To The Moon:rocket:

kevinwu · May 31, 2022, 5:01am

It is very good.The same opinion as mine.

ximenchuixue · May 31, 2022, 5:06am

nice
支持你，加油，这次你必胜的！！！！

wiming · May 31, 2022, 6:19am

great, just do what you want to do.

godskill0728 · May 31, 2022, 6:50am

Great Idea. I am exciting.

tukimi666 · May 31, 2022, 7:59am

Steven
I like him. It will do a great job.

mint666 · May 31, 2022, 7:59am

@stevenkin
Nominate He made Explorer. You wouldn’t have been able to proceed with the Task without this tool.

cook444 · May 31, 2022, 7:59am

good luck！you are the best

haruhi666 · May 31, 2022, 7:59am

stevenkin
I think this person is good. Even after launching galaxyexplorer, he has contributed a lot. I’m sure they will continue to do a good job.

AMCC1991 · May 31, 2022, 7:59am

Nice to meet you

Anne_Well:

On April 13th, the community forum was launched allowing the community to discuss and make proposals. The creation and objective of the Project Galaxy DAO is to give the community the tools and resources to develop the Project Galaxy ecosystem in the long term. The community holds the power to propose ideas and initiatives and vote to make them come to life.

That’s where The Project Galaxy DAO treasury comes in, which holds 20% of the GAL Token supply and allocate funds to approved community proposals.

Proposals such as:

Allocating GAL to other projects and protocols or liquidity pools

Marketing and Community engagement initiatives
-Support projects that promote the long-term growth of the GAL ecosystem

Giving back to initiatives and causes that the community cares for (EX: Ukraine DAO)

Whatever the idea or project may be, GAL holders will need to go through the Governance Process as indicated below:

Write a proposal

Submit the proposal to the Governance Forum

Obtain a positive outcome of over 50% passing votes with endorsement from wallet addresses combined holding at least 2,000,000 GAL, with delegation allowed.

Read more about the full Governance Process and Project Galaxy’s DAO Governance Process and how to submit proposals here.

When a proposal is passed, the changes will be implemented by Project Galaxy’s operation team and signed by the multi-sig, if necessary.

On May 5th, The $GAL Token was launched on Binance Launchpad, with the arrival of the token comes the first Governance Proposal: Community Treasury and Multisig Signers.

What are the Treasury Multisigs?

The Treasury Multisigs is a group of 9 members voted by the community to act in the best interest of the Project Galaxy DAO. Their role is to review community proposals that have successfully reached a 50% passing vote and an endorsement from Wallet addresses holding at least 2,000,000 GAL. Their role is then to approve any uses of Project Galaxy funds and allocate them to the proper team for execution. Any transaction requires at least 6 signatures out of 9.

Who can apply and how?

Project Galaxy DAO is opening 9 spots for the muti-signature wallet signers. In order to best represent the community and the best interest of the Project Galaxy DAO the multisig team should represent diverse stakeholders within the community:

Long term community advocates

Core team members

Long term Project Galaxy Partners

Project Galaxy early stage investors

GAL holders will have one week, from May 23rd to May 30th, to nominate themselves as candidates for the role in the comments below. Interested members will need to write a short summary of their involvement with Project Galaxy as well as why they believe they would be a good fit for the role. GAL holders will then be invited to vote on who they would like to see in the treasury community and the highest votes will be chosen for the role.

To apply :

Provide the name and Twitter handle of the person you would like to nominate. You may also nominate yourself.

Write a summary of their involvement or future planned involvement in the Project Galaxy ecosystem.

Post it as a comment below.

Community members can cast their votes via the “like” button on each individual comment. ( like a test poll)

On June 1st, we will post candidates on Snapshot for GAL token holders to vote.

Read more about the Project Galaxy DAO Governance Process and how to submit proposals here.

Nice to meet you

MACD5 · May 31, 2022, 7:59am

It’s an honor to participate in the galaxy vote, amazing

zspkoliver · May 31, 2022, 7:59am

LFG. Let’s keep going

Mable · May 31, 2022, 8:10am

Hi All!

This is Mable Jiang - a long-time supporter of the Galaxy Network. I’m day-to-day busy with growing STEPN, but I certainly have spent a lot of time thinking about the product and what could it become. Since the inception of Project Galaxy, I’ve been sharing a lot of ideas to the team and hoping that one day Project Galaxy could be the future Web3 credential data network. Although we are still far from that future, we are definitely getting closer today than a year ago.

In the past, I’ve recorded quite a few podcasts with Harry Zhang, the cofounder of Project Galaxy, to discuss the vision of the project:

Here are more tweets I picked that I wrote over the past year about what the credential data network could unlock for people (I will add the links in the next post due to the forum restriction):

As I’m no longer part of the private investor of Project Galaxy, I would love to contribute to the project in another way. Hence I’m applying for this role of Galaxy Community Treasury and Multi-signer. In the future, I will still share thoughts about the space and about Project Galaxy every now and then. I would love to stay close and do something good for this lovely community by becoming a multisig.

Cheers,
Mable

Mable · May 31, 2022, 8:11am

I wrote an article about my view of the future of Galaxy: