Treasury

This page outlines the purpose of a Treasury, when our Native Crypto Token ($SHM) goes live.

The Shimmy Treasury, will be used to manage and conduct pre-determined activities involving the development and growth of the ecosystem, and the dispersion of the Token. Treasury agreements will be provided to involved parties, which will outline the decision making and action requirements of the invested parties.

The treasury contract will be guarded by multisig wallet, in 'Team' by Trustswap. This ensures that the founding team collectively process certain important decisions, and manage the vesting and organisation transaction responsibilities with accountability and records.

Public ID: Coming soon.

Cardano Smart Contract address: Coming soon.

Public address: Coming soon.

Multi-sig: The initial multi-signature setup will be formed by the following parties (Name - ADA address):

(Founder) Shimmy - details & address coming soon.

(Founding Partner) Shimmy - details & address coming soon.

(Founding Partner) Shimmy - details & address coming soon.

(Founding Member) Shimmy - details & address coming soon.

(Founding Member) Shimmy - details & address coming soon.

(Founding Member) Shimmy - details & address coming soon.

With regard to our community voting mechanism. Holders of the minimum $SHM requirement will be able to vote on their decisions via our Snapshot vote hosting page.