PROVIDING EXIT LIQUIDITY WILL ONLY FUCK THE ONE THAT SELL LAST
INSTEAD USE THE ENTIRE TREASURY TO REFUND AND AIRDROP PEOPLE IN STABLECOINS (MIM)
USE THE TREASURY TO DISTRIBUTE IT ALL EQUALLY TO ALL LONG TERM HOLDERS
LET THE PEOPLE AND THE FROGS HAVE THEIR MONEY BACK EVEN IF IT ISN’T THE SAME AMOUNT AND LET THEY DO WHAT THEY WANT WITH IT
TREASURY WAS BUILT BY FROGS FOR FROGS, SO NOW LETS GIVE IT BACK AND BE DONE WITH IT
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Great idea… I’m 100% in for that, at least it will cover some of the losses
Please comment on FULL FINANCIAL AND CODE AUDIT - eg: To make sure that Tokens can’t be transferred out without multi-sign wallet. eg: When minting, we know that tokens are generated to Minter and Treasury, but are there tokens generated that goes to UNKNOWN WALLETS ???
Then we can choose to distribute the Treasury or not.
Well if you look at treasury value right now, and remove wMemo completely from calculation. Value is about 375 million if you divide that by 17500 (of available wMemo out there not including one in treasury you get to the price of $21.000) that’s current wMemo price. Fully diluted price would be 375m / 22000 (approx total available wMemo including one in treasury) which works out to be $17000 per wMemo. So if you liquidate treasury and distribute content to everyone you will end up with 17K per wMemo. Best chance here is for Dani to follow trough with the merger with buy out price of 40K per wMemo as he promised, or potentially skilled new treasury manager that can turn things around eventually. It will take years, to get back to even let’s face the truth, but there might be a chance, if you liquidate treasury, everyone here is at a permanent loss.
Disclaimer: This calculation does not include value of investments Dani was making which should not affect much overall calculation, also funds that are not visible by Zapper, and overall I might be just plain wrong.
Exactly! The treasury is build by our money, it’s finally time we put it to work for us not for devs