Bensi Box Collection Governance
RWArt Collection Sales
The Bensi Box governance model empowers token holders to ratify the sakes if artworks from the RWArt Collection to museums, galleries, private investors, or any interested party with a valid a reasonable proposal. The Governance Model consists of three phases:
Phase 1: Sourcing & Validation
1A: Member Sourcing - Commission Model
A Bensi Box DAO member brings forward a valid proposal for a sale.
1B: Company Validation - Vetting of Proposal & Potential Buyer
A deep review of the proposal and potential buyer by the Company to review the proposal. This leads to either preparing the official Snapshot Governance Proposal for the Community Endorsement or rejecting the proposal if the proposal is low quality if fraud (or similar) is suspected.
Phase 2: Community Endorsement
Bensi Box Token Holder Governance - $BENSI Holders Ratify Sale
1 $BENSI Moat Point = 1 Vote
If Yes -> move to Phase 3
If No -> move to Phase 1A
Phase 3: Administrative Closure
Company manages payment and distribution of proceeds from the sale to the Commission Winner, $BENSI Stakers, and NFT Holders via a Burn2Claim process. The final proceeds are split into three ways 5:15:80.
5% goes to the commission (buyer finder, certified by The Company),
If no Finders Fee is awarded (buyer approaches directly), this 5% is split equally between the Bensi Moat and NFT portions.
15% goes to $BENSI Moat participants
0.5% max. goes to covering artwork administrative fees (shipping, processing from storage, etc.).
80% goes to the holders of the NFT, which will be claimed using our native Burn2Claim process.
Burn2Claim involves a custom website enabling users to turn in their NFTs for an equal split of the 80% of the total sale.
Company manages shipment of artwork from storage partner to new buyer.
Snapshot Governance Portal
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