# 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.

<figure><img src="https://657236325-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FRSqMlonlGjOnQsUYJMWg%2Fuploads%2F2mMoPvOGZ0Ct3fhHlfWs%2Fimage.png?alt=media&#x26;token=efb647fa-9107-4c68-bb3c-18ccae2052b6" alt="" width="375"><figcaption><p>CTO manager card</p></figcaption></figure>

### 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)](https://forms.gle/EEqnAxCfWabbpmRM6)

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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.

{% hint style="info" %}
To apply for a CTO please fill in the form and complete payment [here](https://forms.gle/EEqnAxCfWabbpmRM6).
{% endhint %}