$SQUIG tokens are the coordination mechanism at the core of SquiggleDAO. The purpose of this token is to enable the members of the DAO to participate in DAO governance. One $SQUIG = one vote.
Some key examples of utility include:
Nominating and electing core contributors and multi-sig holders
Implementing new or revised governance over the DAO
Coordinating DAO resources to support projects (IRL events, generative art exhibitions, etc.)
Acquiring generative art from the open market or auction
Supporting other projects/platforms in the space
Note that $SQUIG has no financial value and offers no rights or claims to assets or revenue.
DAO Treasury: 50%
Genesis Team: 10% (5% distributed, 5% remaining via DAO approval)
Community Airdrop: 5%
Bounty Program: 5%
Public Distribution: 30% (in progress)