PROPOSAL: Give the remaining holders the chance to get their original investment back

1. General Discussion
#234

NOOOOO!!!

We have to first understand exactly the economic impact of such a decision!!

How much is it going to cost to pay back everyone’s initial investment based on some snapshot, out of the treasury.

Will there be enough in the treasury??

Will there be anything left in the treasury to allow the fund to continue to function??

If the answe to either of these questions is ‘No’, then the value of the fund to investors now must be weighed up against the prospect of future returns if the fund is kept whole!!

Come on people have some common sense!! Do you really want to vote now to cut and run at most certainly a massive loss for who knows how much you’ll actually get, without even considering the option of sticking it out and fighting for the organisation and it’s aims??

1 Like
#235

you probably won’t get your initial investment back as it’s unlikely the treasury will cover it so are you happy to take whatever you can get and collapse the fund?

#236

So many assumptions in your response. Did you just assume I didn’t pull out? Did you just assume I invested? Did you just assume I lost money? I good response would’ve been to assess, ask, process information and then respond accordinglyy

#237

3,3 since November. I’d love my investment back.

#238

If you feel a crime was committed then contact the FBI or you local law enforcement agency so they can open a case. Otherwise, you can go the civil route. None of what you cited entitles you to be made whole in your initial investment. Write it off on your taxes.

#239

How did Sifu sink the entire crypto market including even the NASDAQ? Because Sifu is a convicted felon does not mean you get your money back. So please if we got screwed over where is the evidence for such a happening? I don’t think you have much to stand on when even the person you are accusing had their positions liquidated as well.

#240

YES lets continue REBASING high APY product.

#241

If you sold, im sorry to say you are no longer eligible.
Maybe if Dani follows through on helping those who were liquidated, out of his own pocket.
That is a choice the DAO has nothing to do with.

3 Likes
#242

Yup. If you sold, you get ZERO.
You invested and exited.
We invested and we got scammed. :smiley:

1 Like
#243

Agreed Dani needs to fix this stain on his reputation

#244

agree to your proposal

#245

I’m pretty torn. I bought in near the beginning and never leveraged, just hodl the entire time, was I greedy? not sure but I did have high hopes for this. I do agree with a lot of people on recouping a bit of funds, but at this point, I’m down so far, I say let’s bring in some new finance people to take over and maybe recoup over the long run, honestly, there isn’t enough money left to give everyone what they initially invested.

I vote no, lets’s get some new people to run this thing and see where it goes

1 Like
#246

yes. I think I speak for most who agreed to this proposal, as anyone who’s agreed to this is someone who got in early and never sold.

1 Like
#247

Same… I had to flash repay to avoid being liquidated. Backing price was not kept as promised multiple times. Before I get people calling me greedy, my liq price was under $20k Wmemo. Taking out such position when Wmemo was well above 100K is not greedy and its well below Sifu and Dani’s personal position. Management did nothing to keep the backing price despite multiple promises.

Been a supporter since Nov… Danis confirmation of sifus identity is not FUD… its facts. He did nothing to preserve the price or give any reassurance to the community.

We are suddenly a Dao when its convenient. Were we not a dao a month ago?

Snapshot should be taken at the time of Danis tweet. Frogs who were holding through it all should be made whole.

2 Likes
#248

How is that possible?
It would be amazing, but is it realistic?
If we dissolve the treasury we would all get back more than it’s worth now, but not back to our OG investments. The only way to do that would be for the project to make changes, move forward and be successful.
I’m just trying to determine what the best thing to push for is right now.

2 Likes
#249

There needs to be a tier system for those who held through everything, they should get a wMEMO price closer to 100k-140k. One such factor would be days wMEMO/TIME/MEMO were in the wallet, the higher the day count, the higher the wMEMO price.

#250

Yes this should be the only way, not voting whether we should wind down wonderland or not.

#251

reimburssing investors original investment is the best way forward, it will do alot to restore faith in the general crypto community, at the same time not negatively impacting all Frogs.

#252

Dani fixing his reputation is between you, him and his conscious. Leave Wonderland out of your personal matters.

#253

If Wonderland ceases to exist yeah I think that would have a negative impact on the the frogs across all it’s projects. Wonderland surviving and coming back will be a better story. Which title do you prefer, “The rug pull that wasn’t” or “scammed from the inside by whales”?