Airdrop & Treasury

Airdrop

To foster a vibrant and engaged community, Elata Biosciences will implement strategic airdrop campaigns. These campaigns will reward supporters and incentivize active participation by offering $ELTA tokens in exchange for valuable actions that advance the Elata mission. This aligns perfectly with our vision of creating a thriving ecosystem where token holders are not passive, but active contributors who shape the future of Elata Biosciences.

Treasury

Elata Biosciences will employ modern tokenomic strategies to diversify treasury holdings and minimize risk. We may employ funding tools involving exchanging crypto, fiat, and fiat equivalents for our token to replenish the treasury.

Elata Biosciences employs a multi-signature wallet for its treasury management, ensuring enhanced security and accountability. This wallet structure requires multiple signatures to authorize fund distributions, which occur only after a positive token vote from the community. The operational and maintenance responsibilities for the wallet are shared between ElataCore and designated stewards. This system not only mitigates risks associated with single points of failure but also aligns with best practices in treasury management by distributing control among multiple aligned parties.

The multi-signature signers are entrusted with the responsibility of safeguarding Elata's funds and ensuring compliance with all applicable laws and regulations. They are empowered to reject any transaction that may be illegal or inconsistent with the DAO's vision, regardless of community votes. This commitment to ethical conduct reinforces Elata's dedication to transparency, accountability, and responsible governance to enhance long-term success.