The Treasury is a key financial function that is vital to the financial health and success of the LetMeSpeak ecosystem.
The Treasury involves the management of money and financial risks in the metaverse.
The Treasury fulfills several functions:
- Collect LetMeSpeak net proceeds from
- The primary sale of NFTs
- Marketplace fees
- Sales of LSTARs (issue STARs at 0.03 USDC per LSTAR in the amount required by users)
- In-game fees: visa extension, character upgrades and visual customisation, other fees
- Buy back LSTARs (subject to funds availability in Treasury and governance token holder decisions). The values may change over time.
- Implement long-term financial strategy and policies provided by the LMS governance token holders