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FAQ - GG DAO

FAQ

What is GG DAO?

GG DAO is a DAO (Decentralized Autonomous Organization) that drives the development & publication of video games accessible through NFT ownership and provides a platform for gamers to be rewarded through a play-to-earn & token holding ecosystem. The organization also allows developers to be fairly compensated for their works and receive guaranteed royalties through the use of cryptocurrency “smart-contracts”.

Why Should I Be Interested as a Gamer?

You will have the unique opportunity to own a piece of the IP of each character in a play-to-earn and token holding reward gaming ecosystem. The IP will include posters, merchandise, animated series’, and subsequent drops of characters to be used in upcoming games. You will also be able to participate in tournaments & contests tied to each game to win prizes & exclusive NFTs.

Why Should I Be Interested as a Developer?

If you are a game developer you will have a chance to present your game idea and make it a reality. The platform will fund and help organize the resources you require to make your game. As a game developer you are able to negotiate a fair price for your work and obtain genesis tokens for the characters used in the game. You may also receive royalties on the games & products you develop which would all be guaranteed through the utilization of cryptocurrency “smart-contracts”.

What Network are GG DAO NFTs On?

GG DAO NFTs are built on the Polygon network.

How Do I Get Ethereum on Polygon?

In order to get Ethereum to the Polygon network you must perform what is known as “bridging” your funds. You may follow this guide from Opensea on How to Transfer ETH from Mainnet to Polygon. After you complete those steps your Ethereum will then be wrapped on Polygon and ready to mint GG DAO NFTs.

Will I need MATIC for the transaction?

Yes, you will need MATIC for the network transaction (gas) fees, but only a tiny bit. You may receive enough to complete at least 5 transactions for free here:
MATIC Community Faucet

How Do I Become a Member of GG DAO?

The two ways to become a member of GG DAO are:

1. By acquiring & holding a “Founder’s Token”.
2. By acquiring & holding a “Genesis Token”.

What are “Character Tokens”?

“Character Tokens” are NFTs of specific characters from the GG DAO IP and ownership of them allows access to all games that are tied to that specific character. Basically, “Character Tokens” are your access key to play GG DAO games.

How Many Character Tokens Will Be Released?

Only 2,500 “Genesis Characters” will be released each drop. Subsequent drops will be released based on community insistence & scalability.

How Many Can I Mint (Buy)?

There will be 2 phases of “Genesis Character” sales.

Phase 1: Only available to those who have earned a “Mint Pass”. 1 per transaction & 1 per wallet. (The number of mint passes distributed will vary for each character).

Phase 2: Public minting available if Phase 1 does not sell out. 1 per transaction. No limit per wallet. (You may mint additional “Genesis Characters” in Phase 2 even if you already minted in Phase 1).

What are “Genesis Characters”?

“Genesis Characters” are the very first drop & iteration of a particular GG DAO character. Initial purchasers of these “Genesis Character” drops will also receive a “Genesis Token” for that particular character for free.

What are the Benefits of Holding “Genesis Tokens”?

Holders of Genesis Tokens for any specific character will receive rewards from every subsequent drop for that particular character. “Genesis Tokens” will only be available for purchase on the secondary market.

What is a “Subsequent Drop”?

A subsequent drop is any drop of a particular character that takes place after a “Genesis Character” drop for that specific character. No “Genesis Tokens” will be distributed for “Subsequent Drops”.

Why Should I Hold onto My "Character Token" and Not Just My "Genesis Token"?

Your “Character Token” will give you access to use that character in all future games in which that character is featured. “Genesis Tokens” are what generate rewards for the holder, while “Character Tokens” provide access to play games.

What are “Founder’s Tokens”?

“Founder’s Tokens” were released to members of the community who held inaugural NFTs (from our OpenSea shared contract) and those who provided support early on in the development of the project. Holders of GG DAO “Founder’s Tokens” will receive rewards from every “Genesis Character” NFT drop.

What are the Benefits of Holding “Founder’s Tokens”?

Full membership privileges including voting rights & rewards for brand merchandise & IP related to GG DAO. Voting rights will be available to those who complete a 3rd party KYC with a maximum of 1 vote per person (regardless of the number of Founders Tokens held). However, rewards will be distributed according to the amount of tokens held.

Holders of “Founder’s Tokens” will receive rewards from every “Genesis Character” NFT drop as well as secondary sales.

Founders Tokens will be granted to members of the GG DAO community who held inaugural Founders Tokens from our original contract. The remaining tokens will be maintained by A2Z Gaming, LLC and distributed to members who provide value to the future of GG DAO asa whole. You may only purchase these tokens from the secondary market.

How Do I Buy a “Founder’s Token”?

They will only be available for purchase if token holders make the decision to sell their Founders Token on the secondary market. Founders tokens are initially distributed to members of the community who have contributed to the project since the beginning or certain individuals who have done work for the organization in a greater capacity than would typically be expected or those that are a valuable asset to the organization.

How Much Do Characters Cost?

“Genesis Character” drops will cost 0.04Ξ.

What Does the Future of GG DAO Look Like?

GG DAO intends to develop and publish a wide range of video-games including, but not limited to, 2-D side scrollers, puzzle games, turn-based games, multiplayer pvp/co-op games, & more. The goal of the organization is to continually develop games & provide a suite of games across many different genres available to play with a play-to-earn & token holding ecosystem that spans across all of them.