DAO Governance

Badbeat Team is helping to create a common good, a poker club that is available to join for everyone. To allow this model to work we need a 2 token model:

• FIRE Token, the utility token that empowers in-game value, that has no direct monetary value other than the value recognized by the players. Part of the value flows from the token economy will go to a DAO treasury (eventual FIRE sales, a share on the FIRE transactions, NFT sales)

• BEAT token is a governance token that governs how the DAO treasury is managed.

BEAT governance token, that might represent a security in some jurisdictions, will be distributed as following:

15% - Founding Team. Vested 36 months, progressively streamed to working team members. 16% - Seed Rounds and token swaps. To allow risk capital, blockchain ecosystems, other DAOs to get skin in the game in the Badbeat poker ecosystem 51% - Community treasury: governed by the DAO, can be used to approve community proposal, to have an ecosystem development fund, to have more token sales. 18% - Liquidity Rewards to be distributed within 3-5 years