Exotic Vaults DAO
and claim.Exotic Vaults DAO
Figure 2 - Exotic Vaults DAO
The Exotic Vaults Protocol and DEX will be governed by a DAO. The $XVAULT tokens will be issued by the Exotic Vaults Foundation CLG in the Republic of Ireland. A CLG, or Company Limited by Guarantee, does not in and of itself have a share capital but instead has members who cannot share in the profits of the company. The sole initial purpose of the Exotic Vaults Foundation CLG will be to issue the $XVAULT token.
The $XVAULT token is a governance token which will enable its holders to vote in all key decisions relating to the Exotic Vaults Protocol. This may include but is not limited to: structural changes, reward structures, and time‑locked governance mechanisms (non‑financial staking).
Benefits of Holding $XVAULT Token
$XVAULT is a utility/governance token. It enables on‑chain voting, parameter proposals, access controls, and fee payment/discounts. It confers no rights to dividends, revenue share, interest, or buybacks, and no expectation of profit. Marketing will be fair, clear and not misleading and will not make assertions about future value..
Until then, the $XVAULT token will offer the following utility:
Proportional participation in all governance proposal according to ownership
Priority distribution according to $XVAULT ownership for new assets in primary sale transactions. The more you own, the higher your probability of getting an allocation
Reduction in trading fees on the Exotic Vaults Protocol in proportion of your ownership percentage of the total supply
Discount on Konvi Initial Asset Offerings - you will receive a 3% discount on all future IAOs on the Konvi primary market
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