AFG Guild Treasury

What is the AFG Guild Treasury?

The AFG Guild Treasury - governed by AFG Guild founders and Guildmasters - is similar to our Vault in that it holds NFT and Token assets in various projects. The main difference being the treasury holds short to medium term assets and the Vault holds long term assets that will be used in the Ape Fun Arcade. Guildmasters can vote a treasury asset into the vault during any monthly session.

The treasury is funded by different means split into 2 phases. During the first phase, the treasury is funded by a 1 quadrillion token supply of Ape Fun Tokens that release monthly over 20 months. It will be made available after the Guildmaster NFT sale. The Treasury will also be supplied with a 10% supply of the 6 Banana Kingdom tokens when they launch. More on that and the vesting schedule can be found at the bottom of this page here. During this phase the treasury will also fund itself through treasury actions proposed and passed by vote in the Guild Hall.

During the second phase the treasury will be funded by both treasury actions, and by revenue generated passively through the vault, the Ape Fun Arcade, and the Banana Kingdom. Details of which can be found in the Benefits of Being a Guildmaster section.

Treasury Bylaws

Treasure Bylaws, governed by AFG Guild founders and Guildmasters, stipulate a set guidelines that assist Guildmasters in governing the Treasury. Guildmasters will vote quarterly on bylaws. Genesis bylaws, drafted by AFG Guild founders cannot be changed by Guildmasters.

Genesis Bylaws

1. An asset can only be traded up or sold if the initial investment can be recouped. A founding member can allow for the bypassing of this bylaw under extenuating circumstances. Examples of extenuating circumstances would be if a project was seemingly abandoned, adapted (leading to dilution), or in the very rare case rugpulled. Also see #8 in this list.

2. Access to the Active Session channel must remain locked during each months voting period. This is to prevent duplicate voting.

3. Guildmaster voting schedules are conducted in EST (Eastern Standard Time).

4. The monthly vesting schedule of AFT, BANANA, WOOD, ORE, BONE, HYDE, and SHARD released to the Treasury for asset acquisition cannot be changed.

5. Once an asset is moved to the Vault, it is locked until phase 2, unless an AFG Guild founding member moves it back to the Treasury.

7. Projects and titles we invest in must have a doxxed team, have MMO elements, and pass our timeless test.

8. Founding members will act as a backstop if an emergent situation should arise within any project/title we hold assets in. What that means is an AFG Guild founding member can and may liquidate an asset from either the Treasury or Vault if an emergent situation should arise in a project we hold assets in. An emergent situation could be but isn't limited to a rugpull. All proceeds from a fire-sale like this would be moved to the Treasury.