At SnuggleCleo, we believe in the power of community and the importance of transparency in making a real difference for animals in need. To achieve this, we’ve carefully designed a token distribution plan for the 250 million SNUG tokens allocated for charity. This plan balances sustainability, market stability, and impactful contributions while empowering our community to participate in decision-making.

Here’s how the program works for institutions, the project, and the community.

Overview of the Token Distribution

The total pool of 250 million SNUG tokens will be distributed over five years to support animal shelters and other organizations that care for animals in need. The distribution is structured to:

1. Prevent oversupply, protecting the token’s value.
2. Maximize impact, ensuring donations make a meaningful difference.
3. Empower the community, giving token holders a say in where donations go.

Key Highlights

• 10% Emergency Reserve:
  • 25 million tokens will be held in a special reserve for emergencies or critical projects. Institutions can apply for these funds through a process similar to requesting vesting accelerations, subject to community approval via SnuggleDAO.
• 90% Scheduled Distribution:
  • The remaining 225 million tokens will be distributed equally over 5 years, with 20% (45 million tokens) donated each year.
  • Tokens will be vested quarterly to provide consistent funding while avoiding sudden market impacts.

For Institutions: How Donations Work

Animal shelters and charities interested in receiving donations can apply by submitting a proposal. Here’s what they need to know:

Application Process

1. Proposal Submission:
   Institutions submit detailed plans outlining:
   • Their mission and goals.
   • How they plan to use the tokens.
   • The expected impact of the donation.
2. Community Voting:
   • Proposals are reviewed and voted on by the SnuggleDAO, ensuring transparency and alignment with community values.
3. Vesting Schedule:
   • Approved institutions will receive their allocated tokens gradually over 5 years, following a structured vesting schedule. 

   • If an institution encounters urgent or unforeseen challenges, they can request an early release of their allocated tokens, subject to approval through community voting.

4. Emergency Reserve:
   • If an institution faces urgent or unforeseen challenges, they can request funds from the emergency reserve, which will also be subject to community voting.
5. Impact Reporting:
   • Institutions must provide regular updates on how they’ve used the tokens, including success stories and measurable results.
   • If an institution fails to provide regular updates on how they’ve used the tokens, including success stories and measurable results, the vesting of pending tokens will be paused until they fulfill this obligation. If updates are not provided for two consecutive quarters, their participation in the program may be revoked, and any remaining tokens will be returned to the pool to be reassigned to another institution.

For the Project: Ensuring Sustainability and Impact

From a project perspective, our token distribution strategy is designed to align with SnuggleCleo’s long-term goals.

1. Sustainability

• By distributing tokens gradually over 5 years, we prevent oversupply in the market, protecting SNUG’s value and maintaining healthy market dynamics.

2. Emergency Flexibility

• The 10% emergency reserve ensures we’re prepared to address urgent needs or special opportunities, such as disaster relief or large-scale rescue efforts.

3. Transparent Management

• All donations and allocations will be managed through a public wallet, allowing anyone to track token distribution and verify that funds are being used as intended.

For the Community: Participation and Governance

Our community is at the heart of the SnuggleCleo project, and token holders play a vital role in the charity program.

Community Involvement

• Voting Through SnuggleDAO:
  • Token holders vote on which organizations should receive donations, how the emergency reserve is allocated and to approve changes in the vesting period.
• Proposing New Projects:
  • Community members can propose new initiatives or highlight organizations they believe should be supported.

Transparency and Trust

• The public donation wallet and regular impact reports ensure complete visibility into how tokens are allocated and used.
• Token holders can track the real-world impact of their contributions, fostering trust and engagement.

Criteria for Allocating Donations

To ensure fairness and maximize impact, the size of each donation will be determined based on clear criteria:

1. Impact Potential:
   • Number of animals helped and scope of the initiative.
2. Transparency:
   • Detailed plans and regular reporting from the institution.
3. Community Feedback:
   • Support from token holders during the voting process.
4. Track Record:
   • Results from previous donations, if applicable.

Key Benefits of the Program

For Institutions:

• Access to financial support for impactful initiatives.
• Increased visibility through collaboration with SnuggleCleo.

For Token Holders:

• Active involvement in decision-making through SnuggleDAO.
• Confidence in transparent and sustainable token distribution.

For the Project:

• Demonstrates SnuggleCleo’s commitment to meaningful change.
• Builds trust and credibility by aligning with a noble cause.

FAQ:

1. How SnuggleCleo Defines the Size of Donations for Institutions?
2. How the Vesting Program for Charity Institutions Works?

Join Us in Making a Difference

The SnuggleCleo charity program is an integral part of our mission to support animal welfare while fostering a vibrant and engaged community. With your help, we can create a lasting impact for animals in need, one SNUG token at a time.

🌟 Together, we’re building a brighter future for our furry friends!