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What is GT or Governance Token?
Continuation From GrooveUp DAO: Our Path To Decentralized Community Governance And Incentives.
On XDAO, our operating platform, GT is a non-transferable ERC20 token representing the member's voting power in the DAO. They have no price, only voting power.
All wallets with GTs have access to DAO and can create any proposals. GTs are strictly tied to the wallets of DAO members.
The quorum on XDAO determines how many GT tokens are needed to activate any vote in the DAO. All governance tokens in total represent 100% quorum.
Governance tokens cannot be sent to another wallet by direct transfer. If a DAO member decides to leave the project, that DAO member needs to initiate a vote to transfer GT from his wallet to another
With that in mind, we would like to implement the governance model for GrooveUp DAOs as below:
300,000 GT tokens will be minted and allocated to all 25 wallets that make the top 25 $xGroove holdings.
Among the 25 DAO members who hold $xGroove LP tokens, we will select 10 representatives to join the DAO Council to make decisions for the DAO (GT holders).
The total supply of governance tokens GT of GrooveUp DAO is 2,000,000. But not all 2,000,000 GTs are minted at the DAO creation, only 1M. Whenever a new member is added to the DAO, GTs will be minted and issued to him/her accordingly.
Quorum is set 51% so any proposal in the DAO will need 51% vote of GTs (of total GTs minted at that time) to activate.
Continuation From GrooveUp DAO: Our Path To Decentralized Community Governance And Incentives.
On XDAO, our operating platform, GT is a non-transferable ERC20 token representing the member's voting power in the DAO. They have no price, only voting power.
All wallets with GTs have access to DAO and can create any proposals. GTs are strictly tied to the wallets of DAO members.
The quorum on XDAO determines how many GT tokens are needed to activate any vote in the DAO. All governance tokens in total represent 100% quorum.
Governance tokens cannot be sent to another wallet by direct transfer. If a DAO member decides to leave the project, that DAO member needs to initiate a vote to transfer GT from his wallet to another
With that in mind, we would like to implement the governance model for GrooveUp DAOs as below:
300,000 GT tokens will be minted and allocated to all 25 wallets that make the top 25 $xGroove holdings.
Among the 25 DAO members who hold $xGroove LP tokens, we will select 10 representatives to join the DAO Council to make decisions for the DAO (GT holders).
The total supply of governance tokens GT of GrooveUp DAO is 2,000,000. But not all 2,000,000 GTs are minted at the DAO creation, only 1M. Whenever a new member is added to the DAO, GTs will be minted and issued to him/her accordingly.
Quorum is set 51% so any proposal in the DAO will need 51% vote of GTs (of total GTs minted at that time) to activate.
GrooveUp DAO: Our Path To Decentralized Community Governance And Incentives.
Introduction.
The GrooveUp DAO is a decentralized autonomous organization created as a community led operating arm of the GrooveUp Project.
Our mission is to redefine the future of music ownership, publishing, licensing and streaming by utilizing the decentralized power of blockchain technology. We believe that the next phase of digital music publishing and streaming can be made viable for both the content creators (musicians) and content consumers (streamers).
To be at the forefront of this innovation and take a huge step towards a fully decentralized music ecosystem, the GrooveUp team has decided to partner with the community to launch the GrooveUP DAO and the $xGroove LP token.
GrooveUp DAO Operating System.
As part of our ongoing partnership with XDAO, GrooveUp DAO will be utilizing the amazing DAO operating infrastructure built by XDAO crypto project at https://app.xdao to run its day to day operation. The DAO will start with an initial 25 members that will be chosen based on the top 25 $xGroove LP token holders.
The wallet address submitted by our users that makes the top 25 $xGroove holdings will be added to the GrooveUp DAO and allocated governance token or GT. These members will become representatives of the community, have ability to create proposals and votes on matters related to growth and operation of the project.
#bitcoinhalving #Grooveup #BullishMindset #Stream2Earn #write2earn🌐💹
Introduction.
The GrooveUp DAO is a decentralized autonomous organization created as a community led operating arm of the GrooveUp Project.
Our mission is to redefine the future of music ownership, publishing, licensing and streaming by utilizing the decentralized power of blockchain technology. We believe that the next phase of digital music publishing and streaming can be made viable for both the content creators (musicians) and content consumers (streamers).
To be at the forefront of this innovation and take a huge step towards a fully decentralized music ecosystem, the GrooveUp team has decided to partner with the community to launch the GrooveUP DAO and the $xGroove LP token.
GrooveUp DAO Operating System.
As part of our ongoing partnership with XDAO, GrooveUp DAO will be utilizing the amazing DAO operating infrastructure built by XDAO crypto project at https://app.xdao to run its day to day operation. The DAO will start with an initial 25 members that will be chosen based on the top 25 $xGroove LP token holders.
The wallet address submitted by our users that makes the top 25 $xGroove holdings will be added to the GrooveUp DAO and allocated governance token or GT. These members will become representatives of the community, have ability to create proposals and votes on matters related to growth and operation of the project.
#bitcoinhalving #Grooveup #BullishMindset #Stream2Earn #write2earn🌐💹
Big Partnership Announcement with XDAO and Next Step For GrooveUp.
Hello Groovers!!!
As a result of our core team's relentless pursuit of greatness and success, coupled with many months of silent hard work and commitment, we will be making a lot of announcements and exciting news this new month of April.
The first of such announcements is our newly formed partnership with XDAO.
Groover's, we are pleased to announce that GrooveUp is partnering with XDAO to create the GrooveUp DAO and launch our first public token sales as well as Token Distribution Event TGE on a fully decentralized launchpad.
XDAO is widely recognized as the industry standard for the launch of Decentralized Autonomous Organizations (DAOs), providing a secured and user-friendly smart contract platform for DAOs to operate seamlessly.
By leveraging XDAO's cutting-edge technology, we have launched the GrooveUp DAO which will help us to take a step closer to our goal of making the GrooveUp project a truly decentralized and community-owned project.
With over 22,000 DAOs already created and operating on XDAO and over 10 blockchains supported, XDAO is a household name in the industry and we look forward to being empowered through this partnership to get closer to our community and deliver value for all Groover's.
Decentralized Autonomous Organization plays a crucial role in the launch and success of blockchain projects, enabling the community to generate value for projects through the creation of proposals and casting of votes on created proposals that could augment the project's success.
With the XDAO solution, GrooveUp will empower its users with a governance token which will be distributed to token holders in correlation to their $GROOVE holdings.
In addition to running a DAO, GrooveUp will also be leveraging the XDAO decentralized exchange and LaunchSpace platform called DEXDAO to launch its first Initial Dex Offering IDO and a liquidity pool for trading our Liquidity Provider Token (LP Token).
#BullMarketBuddies #Grooveup #Stream2Earn #bitcoinhalving #Write2Earrn
Hello Groovers!!!
As a result of our core team's relentless pursuit of greatness and success, coupled with many months of silent hard work and commitment, we will be making a lot of announcements and exciting news this new month of April.
The first of such announcements is our newly formed partnership with XDAO.
Groover's, we are pleased to announce that GrooveUp is partnering with XDAO to create the GrooveUp DAO and launch our first public token sales as well as Token Distribution Event TGE on a fully decentralized launchpad.
XDAO is widely recognized as the industry standard for the launch of Decentralized Autonomous Organizations (DAOs), providing a secured and user-friendly smart contract platform for DAOs to operate seamlessly.
By leveraging XDAO's cutting-edge technology, we have launched the GrooveUp DAO which will help us to take a step closer to our goal of making the GrooveUp project a truly decentralized and community-owned project.
With over 22,000 DAOs already created and operating on XDAO and over 10 blockchains supported, XDAO is a household name in the industry and we look forward to being empowered through this partnership to get closer to our community and deliver value for all Groover's.
Decentralized Autonomous Organization plays a crucial role in the launch and success of blockchain projects, enabling the community to generate value for projects through the creation of proposals and casting of votes on created proposals that could augment the project's success.
With the XDAO solution, GrooveUp will empower its users with a governance token which will be distributed to token holders in correlation to their $GROOVE holdings.
In addition to running a DAO, GrooveUp will also be leveraging the XDAO decentralized exchange and LaunchSpace platform called DEXDAO to launch its first Initial Dex Offering IDO and a liquidity pool for trading our Liquidity Provider Token (LP Token).
#BullMarketBuddies #Grooveup #Stream2Earn #bitcoinhalving #Write2Earrn
Congratulations this Is just for you so kindly read to the end to claim yours!
What if you had bought Bitcoin in 2009 when the price was less than $1?
Do you know that with just a $1 investment you would have made over 6.5 Million USD as at today’s price?
Well, Bitcoin is now above the average person but the coin I am about to Introduce to you is the next big thing, and that coin is $Groove Coin.
Keep reading till you claim yours……
$Groove is the digital currency for GROOVEUP the first decentralized Music streaming platform that will pay fans to stream music of their favorite artists.
$Groove is the first Stream to Earn token to be launched on the Solana Network in a few days.
If you missed Bitcoin in 2011 then don’t miss $Groove Coin as this will be the first of its kind on the Solana Network with 3 Exchange listings waiting.
Here is how you can get your own $Groove coin now following this simple process.
Claim your own $Groove coin using the presale link below
👇🏼
https://grooveup.com/presale.html
Over 60% of the presale target has already been hit and the presale is closing on the 23rd of April and the Exchange listing is 25th of April.
For more information or guidance kindly chat with the GROOVEUP Team on Instagram or Twitter on
Instagram: https://www.instagram.com/grooveupapp?igsh=azhvcnJvdHFteG9o
Twitter: https://x.com/grooveupapp?s=21&t=q38sPhSWyK5HZ-bkxzeQqQ
Here is a $Groove Explainer video:
👇🏼
https://youtu.be/mOQlAd8ed6U?si=FbsG7CakBmog6V68
After purchasing Tokens kindly attach your META MASK OR TRUST WALLET where you want your token delivered to on the Email sent to confirm purchase.
Don’t miss this Token with the Potential to do 10-100X On Listing day!
Share the presale links with your friends and earn a huge % off $GROOVE tokens.
Congratulations
GROOVEUP Team.
#bitcoinhalvingn #bullishupdate #groove #Grooveup #Cryptocurrencyworld
What if you had bought Bitcoin in 2009 when the price was less than $1?
Do you know that with just a $1 investment you would have made over 6.5 Million USD as at today’s price?
Well, Bitcoin is now above the average person but the coin I am about to Introduce to you is the next big thing, and that coin is $Groove Coin.
Keep reading till you claim yours……
$Groove is the digital currency for GROOVEUP the first decentralized Music streaming platform that will pay fans to stream music of their favorite artists.
$Groove is the first Stream to Earn token to be launched on the Solana Network in a few days.
If you missed Bitcoin in 2011 then don’t miss $Groove Coin as this will be the first of its kind on the Solana Network with 3 Exchange listings waiting.
Here is how you can get your own $Groove coin now following this simple process.
Claim your own $Groove coin using the presale link below
👇🏼
https://grooveup.com/presale.html
Over 60% of the presale target has already been hit and the presale is closing on the 23rd of April and the Exchange listing is 25th of April.
For more information or guidance kindly chat with the GROOVEUP Team on Instagram or Twitter on
Instagram: https://www.instagram.com/grooveupapp?igsh=azhvcnJvdHFteG9o
Twitter: https://x.com/grooveupapp?s=21&t=q38sPhSWyK5HZ-bkxzeQqQ
Here is a $Groove Explainer video:
👇🏼
https://youtu.be/mOQlAd8ed6U?si=FbsG7CakBmog6V68
After purchasing Tokens kindly attach your META MASK OR TRUST WALLET where you want your token delivered to on the Email sent to confirm purchase.
Don’t miss this Token with the Potential to do 10-100X On Listing day!
Share the presale links with your friends and earn a huge % off $GROOVE tokens.
Congratulations
GROOVEUP Team.
#bitcoinhalvingn #bullishupdate #groove #Grooveup #Cryptocurrencyworld
