[DAO Discussion] - Price control measures
- Put in place a token buyback and burn system that is funded by taxes on token holders who decide to sell a significant portion of their holding such that price will be significantly affected by such move
- Increase APY to all token holders after there is a significant sell off to be funded by taxed on entry and exit of positions held in the time token
- Make No Changes
0 voters
Name: [RFC] - PRICE CONTROL MEASURES
Scope: Suggestion of ways to prevent significant Token Price Drops that occur as a result of significant selloffs and “Whale Activities”
Link to previous [DAO Discussion]: “[DAO Discussion] - Your Title Here”
Objective: Summarise the main goal of the proposal. For Example: “To ensure stability of the Token Price there by improve confidence in the management of the DAO”.
Provide a High Level Overview: The creation of DAOs is a significant move towards decentralized regulation of Cryptocurrencies. In the past it used to be that “whales” own the market and control price action but with the DAO we can make price action work for everyone through our vote for measures that prevent pump and dump operations by those who have the means.
Provide Low Level Details: Having a healthy treasury is great however if token price is not held stable then the value to the token holder might be lost over time. If the action of a single individual could upend the market cap of a big eco system, this is not good from a PR stand point. To this end I am proposing that “We the people” take control of the Eco system by putting up for a vote fair price control measures that will ensure people that get in the system stay in and if they choose to sell then those that will be left holding on to the token are not holding on to a worthless or significantly devalued token. Let us all agree on a fiscally responsible system that keeps supply and demand for our token at equilibrium of higher on the demand and reduce supply. One way to do this is through token buybacks and burns financed by entry and exit taxes. The team is doing a great Job with the treasury but we need to fix this whale dump issue and that is what this proposal is about.
Business and/or technical requirements of the implementation of the proposal:
*We need to crunch the numbers on circulating supply level and demand to keep price stable.
*based on the above, come up with a percentage fee for entry and exit of the wonderland token.
*Fees should be collected in a separate but verifiable smart contract.
*fees collected should for buybacks and burns once circulating supply hits predetermined levels to keep price stable.