The Future of Yaypegs

There are 3 options:

1 - Founders continue to be in charge of the project with major changes.

All the changes below are intended to make a lean approach and turn Yaypegs into a web3 Startup. The focus will be 100% aimed at building the future of the brand between the founders and the team. (Examples: BAYC, Azuki, Moonbirds/PROOF, DeGods/y00ts).

People have complete freedom to innovate within their IP and to create in L2, but Yaypegs will be led by the founders.

1.1 - Community-Driven: The term community-driven will be removed from the project to avoid future misunderstandings.

1.2 - Discord:

• Yaypegs becomes a Token-Gated Community.
• Channels will be removed on the server at the discretion of the founders. The server will be kept as simple as possible. There will be no more preferential channels on the server.
• There will be a restructuring in the reaction roles.
• Announcements / twitter post will be made when there is something to announce.

1.3 - IP Rights.

• The rules have not changed since November 11, 2022.
• Yaypegs is not a platform to launch IPs or personal projects. Holders can carry out the strategies that they consider necessary, we are in a decentralized environment. Your NFT, your IP.
• Everyone is free to use their IP, make sure you comply with the Terms. -IP Rights example: BAYC. (DYOR).

1.4 - Moderation:

• We will have new moderators.
• Simpler and more direct moderation rules will be implemented.
• Disrespectful people with members of the community, moderators or founders, will be banned.
• Scammer and FUD messages will be deleted.

1.5 - Voting: Voting will be carried out when the founders consider it appropriate or relevant, as we have been doing so far.

2 - The community will be in charge of the project.

Royalties: 4% Community Treasury (community wallet). 1% Creator Fee (ccmoret wallet).

The community will decide the future of Yaypegs.

2.1 - We will hand:

• Discord Administrator permissions for new community leaders.
• Twitter account administration permissions (TBD).
• Point the domain name yaypegs.com to a new server.
• Website code (It is built in ReactJS).
• Standard and Manuals.
• Brand identity assets.
• Collection traits layers.
• Royalties: 4% of future royalties will be transferred automatically to a new wallet. (Starts once the community has a community wallet).

2.2 - We will not hand:

• Discord Ownership: For security reasons, the Ownership of the server will not be transferred. The administration permissions are wide enough to do anything on the server.
• Wallet Ownership: The project wallet will not be transferred. To prevent one or several members of the community from changing the contract, altering the metadata, images and finally the provenance.
• The current funds are owned by the founders.
• The community will be able to decide for the future of the royalties without affecting the 1% of the artist's royalties.

3 - Back to Basic:

• 0% Royalty.
• Yaypegs becomes an art project.
• For the culture.

1 Yaypeg = 1 Vote