# One-Pager

Messier's applications run on many different blockchain networks. These apps collect service fees from users and send those fees to the **Virgo DAO treasury** on **Ethereum**.

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**M87** is the community token. People can trade it on the open market, stake it in Virgo to earn passive income and used it to bid on **Messier Objects NFTs**. These NFTs give even higher rewards than staking M87 alone.

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The number of M87 tokens someone stakes in Virgo decides their role in the DAO. If they are in the **top 87 stakers**, they become a **Pōwehi**, which means they can create proposals. Everyone else is part of the **Halo**, and they can vote on proposals.

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When a proposal passes, a smart contract automatically buys the token listed in the proposal. Then, it splits the new tokens like this:

* **12.13%** goes to **Pool 1** (for all stakers, including NFT holders)
* **0.87%** goes to **Pool 2** (only for NFT holders)
* **87%** is stored in the treasury until the end of the cycle

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A cycle is complete once a set number of proposals—determined by the DAO—have been successfully passed.

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At the end of a cycle, a smart contract called **Supernova** activates. It gives a **“Dark Listed”** status to wallets and NFTs that stayed staked for the whole cycle. Messier Objects are always Dark Listed because they’re always staked.

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Supernova then collects all the alt tokens (except ETH and any suspicious tokens). It distributes the alt tokens like this:

* **12.13%** to the Dark Listed Pool 1
* **0.87%** to the Dark Listed Pool 2
* **87%** is sold for ETH

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Next, the ETH is split again:

* **12.13%** to the Dark Listed Pool 1
* **0.87%** to the Dark Listed Pool 2
* **87%** is put back into the treasury

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The treasury is only allowed to hold **87 ETH**. If more ETH comes in, a smart contract is triggered that uses the extra ETH to **buy and burn M87 tokens**. This helps reduce the supply and support the token’s value.

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Once Supernova finishes its work and ETH is returned to the treasury, the cycle ends. Then, a **new cycle begins**, and the process starts over again.