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.
1 Like
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.
1 Like
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.
1 Like
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.
1 Like
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.
1 Like
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??
1 Like
Yes this is exactly correct. Or to make things as confusing as possible so the jury won’t know what to make of it if it goes to court.
Rebases, airdrops, mergers, spell, magic internet money, time, memo, wmemo, how will a normie jury make sense of all of this? Heck, even crypto people have been confused by this project.
Though, I think it can be simply explained by a good lawyer.
Project promised X, it did Y, then Z then A. And loss of money will always be understood by a jury.
Abra with Wonderland treasury could make us rich. It could 10x quite easily as spell is traded even on DEX.
In principle I like the idea. I prefer Defi VC, but that is very uncertain.
The chance of getting money out of Sifi Dani is virtually zero. So I want something that can easily multiply, which is Abra++ or following through with the VC idea. These projects are things we can work out now that Sifu has gone.
A merger won’t go through at the moment. I am glad because Wonderland can pump from here, so can Abra.
A merger wouldn’t destroy the blockchain, emails, etc. So it wouldn’t prevent an investigation.
It would muddy the waters, confuse a normie jury
The project make no more sense, backing price is long gone, airdrops don’t come, revenu share neither, faith is lost in Sifu (and, at this point, in Dani)…
Airdrop the treasury and that’s it, what else can be done considering everyone wants to get out ?
Um, not at this low point. Not when we just got the good news that Sifu has been ejected at last.
The price is going to go up from this, the treasury is going to go up from this, and I want a bigger treasury to do whatever, even if that is just redemption.
It is childish to want to cash out just at the point of a crash, when the price is going to go up.
It won’t happen anyway. So make peace with it.
you will not get new investors the project is fucked
New people will come into the project for the treasury.
Getting rid of Sifu is enough to pump the price once people see that the treasury hasn’t disappeared.
If they get a better team onboard, no more fucking anons, the price can pump even more.