🎮Community Takeover

Community Takeover (CTO) Process

If a creator has abandoned a token, the community has the opportunity to step in and take over the project's reward pool to ensure its continued growth and development. This process allows committed community members to keep a project alive and properly managed.

CTO manager card

How It Works

1. Application Submission

   • A community member or group can apply to become the new CTO (Community Takeover Team) through our platform.

   • The application requires a 199 USDC fee, which covers verification and processing.

2. Review & Verification

   • Each CTO application is manually reviewed by our team.

   • We verify that the original creator has abandoned the project, ensuring a legitimate takeover request.

   • The proposed CTO team is also vetted for legitimacy and ability to manage the project.

   • This process is rigorous and typically completed within 48 hours.

3. Approval & Rewards Reallocation

   • If the CTO application is approved, the project's reward pool is transferred to the new wallet designated by the CTO team.

   • The original creator loses all future reward claims, preventing misuse.

   • The new CTO team gains access to rewards, ensuring incentives to manage and grow the project.

4. CTO Identification & Manager Card

   • Once a token has been taken over by a CTO team, it will be marked as a CTO Token on the platform.

   • A CTO Manager Card will be displayed under the chart on the token’s page, showing the new wallet where the creator rewards are now allocated.

   • This ensures transparency and allows the community to see who is managing the project.

5. Fee Allocation

   • 100% of the application fee is distributed to the Gochu staking rewards pool.

This process ensures abandoned tokens have a chance to survive and thrive, benefiting both the community and Gochu holders.

Apply for a community takeover (CTO)

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Terms & Conditions: CTO Takeover

1. Eligibility & Application

   • Any community member or group can apply for a CTO takeover.

   • The application requires a 199 USDC non-refundable fee.

2. Verification Process

   • All applications undergo a strict manual review to confirm the project’s abandonment.

   • The verification process is completed within 48 hours, but timing may vary.

3. Final Decision & Transfers

   • If approved, the new CTO team receives full access to the project's reward pool.

   • The original creator is permanently removed from future claims.

4. Fee Distribution

   • The full application fee is added to the Gochu staking rewards pool.

5. Liability & Disputes

   • The platform is not liable for any project mismanagement by the new CTO team.

   • All takeover decisions are final, and there is no appeals process.

By applying for a CTO position, users agree to these Terms & Conditions and acknowledge the finality of decisions made by the verification team.

To apply for a CTO please fill in the form and complete payment here.