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Treasury is a pot of funds to accumulate funds to be spent for some purpose later on.

One way to manage the treasury is by a majority vote from a council like on Kusama network. Are there other ways to manage the treasury? If yes, what are these ways please?

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It's totally up to you.

You can manage it through your custom pallet.

For example, you have a pallet-fun. And this pallet can transfer some balances from the treasury to a random account every block.

For Polkadot: https://wiki.polkadot.network/docs/learn-treasury

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  • If your chain doesn't already have that pallet-fun pallet then someone could submit an on-chain runtime upgrade proposal to the community who could vote in favour of it Commented Jan 24, 2023 at 8:44

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