100% agree, I am 80% down
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I got in at $8500, then at $5600, then at $4500. I jumped out at $2800 and then back in at $1950 and $950 and $466.
They won’t use the treasury or earnings to pay people off who suffered one kind of loss as it would give rise to infinite law suits.
This is FUD and should be removed… you fudders, whiners, and complainers should exit your positions. As an investment you know the risks associated, you will not be paid back and you kind kindly sell your memo to us believers in the long term vision. Thanks
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would be great to exit the position, but I got liquidated, been holding since november and never sold a penny. I want my money back!
Or, we could make a long-term plan to repay the initial investment, with a clear business plan and roadmap, risk management, and better organization? Who wins if we close the project now?
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You’re missing the point, the newest WIP to combine abra and wonderland is literally forcing people to exit their positions at an ATL when they don’t want to and would rather hold and take part in profit sharing. Telling people to exit their positions when they don’t want to because they would rather hold, not sell at a loss and hope to recoup lost money with profit sharing is what most wonderland investors want but potentially can’t do if the abra merger happens.
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100% agree. It would have to be at current value though.
Same. It’s the principle. If this merge goes through, I’m out. If Wonderland can stay its own entity with wmemo as the token, which is what I invested in with a one year timeline, then I’ll still ride it out. I didn’t put my money into SPELL. I put it into wmemo.
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Before you duck out, consider what abracadabra would be like with the liquidity injection from Wonderland. It could get the early mover advantage in what is going to become a gold rush. It is just one way to deploy the treasury of Wonderland, and it is strange. But it could be a stroke of genius.
What we are being allocated is 46% of Spell. If it turns out to be a lucrative project we could get a big multiple of our investment.
It is hard to see that happening from just the venture capital and farming of the DAO.
Please go and see how angry the Spell people are over on the abracadabra discord. They have interesting arguments, from the other side, about what a great deal we are getting. For example, a lot of our treasury is just LPs where one side of the LP is either TIME or wMEMO.
It is worth thinking about. Take some time to mull over the situation.
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Or I could take a pic of my next bowel movement, turn it into an nft and we can allocate our treasury into that. If I wanted SPELL, I would’ve bought SPELL.
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They DO have a roadmap, and we’re on Phase 4. Facts only plz, kkthnxbai.
It looks like the merger was already planned before the whale attack happened, and this is just bad timing but the merger can’t be delayed because of the whale attack. Please DYOR.
Thats kind of the idea of revenue share…
Unfortunately, my faith in the team has been dying a slow and painful death. I’m still holding, not been on the hopium but I’ve lost that much money it’s not even worth withdrawing as that’s a permanent loss- signed on the dotted line. Hope the team have a nice retirement with our money. At least someone’s benefiting from our money while I’ll at least benefit from my losses by classing it as education.
Not everyone wins and that’s life, but when treasury money is fluctuating wildly with shadynomics applied it’s hard to believe the dev’s want to succeed.
I count myself lucky as I wasn’t dumb enough to sink major money into this but feel sorry for those who weren’t so smart and invested more than they can afford. The apy had to be short lived for success, reward the early investors etc. But to sustain the unsustainable is an inevitable failure.
Ps… I was still dumb enough to fall for it but I’m in till the last cent now.
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Go duck yourself with this proposal. You want to sell? You know where the door is. Bye!
I invested 830 two months ago. Now I have only 112.
Still don’t want to sell? XDD Just admit, my proposal is the best decision right now
Feels, like the only way forward to this is to draw a line. Distribute whatever is left in treasury to holders, potentially based on length of holding. Mistakes were made (first being ceding control over treasury to criminal convict), and it feels like they are unrepairable at this moment. Concrete proposal need to be drawn though, how this has to be implemented etc.
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I understand everyone’s frustrations but this is impossible to do without people getting fucked. Most of the people will get their funds but a decent amount of people wont see a dollar.
Price Difference between Backing price and Purchase Price can come from DANI and SIFU!!!.
This whole Saga is SHADY as F.
Is the Merger Proposal a way to get rid of the EVIDENCE? ie, Tear down WONDERLAND for SPELL ???
Given we know that when Minting - tokens gets distributed to the Treasury and the Minter - How do we know that the Protocol didn’t MINT tokens to themselves somehow? Do we trust the Protocol CODE??
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