Decent Games Share Tokens (DGST)
Last updated
Last updated
Decent Games Share Tokens are the primary ERC-20 token used to vote within DAO proposals. It's analogous to shares traded on a stock exchange, with the primary difference being that we do not consider ourselves a registered security - as with all things, we encourage you to do your own research and in no means should anything within this document be considered financial advice.
DGST is an ERC-20 token on the Ethereum blockchain - it has an initial supply of one hundred million (100,000,000) tokens. The contract is not considered to be revoked, but instead is owned by the DAO which can execute actions within it when voted on by shareholders - primarily minting new shares when trying to raise further DAO funds, although we don't expect this to be required, given we're holding existing funds in reserve for future raises to sufficiently give us enough runway to profitability.
You can find the token contract here:
The transaction in which control over the token contract was transferred to the DAO:
Owning share tokens has 3 primary benefits:
On occasion, the organization may decide to pay out a portion of the treasury holdings to share holders, this is called a dividend. We don't expect to do this often, perhaps once a year, and with each dividend being no more than 10% of the contracts holdings. Of course, these values will be configurable within proposals as they're submitted.
As with most organizations, we don't wish to do this often because it removes funds from the organization that could be better used for investments into other projects. But none-the-less, it's a perk of share ownership!
Decent Games plans to hold multiple votes per year to address organization operations and investments into projects. each share is equal to one vote - but owning tokens, you not only get access to dividends and capital appreciation as we expand, but also the ability to help us steer towards becoming a stronger and diverse organization!
Like you, we're invested in this organizations success - as we develop new products and expand our user base, this too will lead to an increase in revenue for the organization and the value of your investment into the organization.
We hope to greatly increase our share price through hard work and innovating products - giving ourselves and other investors capital gains that we can all benefit from!