I say we do burn tokens after we have stabilized above a certain price threshold. First we have to implement revenue share, then airdrops. Let price stabilize above 50k wmemo for a few weeks, then once price has stabilized began unannounced burns so not to draw in predators. But a full announced burn would attract predatory behavior just like the buybacks did.
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Burns don’t automatically raise coin price, nor do they create an opportunity for instant arbitrage. Stop the buybacks, burn what has already been bought back. That raises Backing per wMEMO. Then implement a profit sharing program such that wMEMO gets a base yield. Distribute the airdrops as planned. Reinvest some of Treasury yield into compounding Treasury for long term growth. Make more, quality, VC investments as was the original plan. We still have the largest DAO Treasury in all of DeFi. Don’t let short term price panic and FUD ruin the possibility for success by squandering Treasury on buybacks now.
Not entirely sure how you would like to proceed with unannounced burns. Already discussing it here is making it public, you need to consider this forum burnt… Most people here no longer have the project progression and it’s vision in mind rather return of funds and exit.
Totally agree with your points, but am not sure how you would get this pushed through with this many people interested in pay outs & short term gains, mergers, lost funds being returned, etc.
Most people don’t have or receive financial education and thus are interested in short term gains, hence they panic sell.
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This is a MUST in order to REVIVE the project.
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See jade project who has so small treasury compair to us .they made separate treasurey balance and automatic buy back and fix floor price project has survived this long and holding strong.
I have suggested that in December when forum established.
We still have time to do this thing think about it we still got good investments and treasurey balance.
How it will works
1 . Total no of wmemo gets a fixed floor price which gose only up by treasury profits and fees.
- Floor price amount should store seprate valut which only use for buybacks
3.close all other contracts of time and memo their will be only one contract of wmemo like all other coins
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Dosent need to show higher apy and rebase
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From investment treasury what profit is generates it gose to floor price treasury so every holder gets automatically profit ratio
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We decide ratio of generated treasury profit ratio for how many goes in new investment and how many goes in floor price treasury by vote
Benifit from this
1.every invester gets backing protection
- Protection from big whales
3.every holder gets his share of investment profit confirm