And then that would make the wMemo you previously had worth about 34,460 at the moment. I’d be exactly where I am today… not even close to breaking even. This has been such a frustrating project.
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I am just saying we as a community need to support each other, if we all are divided and fighting it will achieve nothing. We need clarity on what is being proposed here. For example if you look at my comment above. "There is so many unknowns about this. I think a lot more clarity is needed on effects that this will have on WMEMO holders. I see the price of time and WMEMO keeps dropping. for example: current WMEMO Price $27,938.33 at time of this down from the $50,000 backing price two days ago.
What is going on?!? It could be understood that the price was allowed to be lowered on purpose to allow this sale at a discount now."
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If you think that selling after a 50% crash is a bad idea what do you think the path forward for wonderland is? Do you think the market is going to rush in to invest? A bunch of the Ohm and Ohm forks are getting crushed, the market is clearly signaling that the model is not desirable. Wonderland does not have a lot of leverage with the current death spiral and honestly a lack of trust after the failure to back the underlying price which was promised. So essentially Wonderland will keep bleeding out, buy backs now will get smothered and everyone will rush to sell their wMEMO and Wonderland will get weaker and weaker bleeding out the treasury without getting any price benefit. The writing is on the wall, this is a blessing for Wonderland to maintain its treasury and partner with a productive business, look at FEI/RARI acquisition, it was overall very positive. Wonderland is in a position of extreme weakness and the only way forward for the project is to merge or to disband and distribute the treasury to holders. I’d argue that getting SPELL and Sifu managing the treasury is much better value then simply getting treasury disbursement and Wonderland needs to move right now before it gets worse.
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From wMEMO to sSpell …So from 80,000% APY to 26% is that not a raw deal!!!
We all took the risk on Wonderland, we would have much better put money on UST degenbox and at least gotten 50% APY!
How will you make whole those who are 85% down at this point?
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How about Wonderland buys Abracadabra?
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Great idea. Let’s vote on it 
the treasury has enough to raise the price back to 50k if they really care about wonderland joining abracadabra then simply use enough of the treasury to put wmemo back at 50k
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They have probably enough to put WMEMO at $80k +
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do you think whales wouldnt just dump it right back?
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fine with it if those that have held + leverage get more
obviously it wouldnt be 26%.
30% team allocation? Really?
You guys actually think the team deserves 30% after shitting the bed?
revise it to 5% and I would consider it.
Also at what price will the buyout occur? It would need to be a bit above backing price before the crash to make any sense
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Firstly everyone needs to calm down. I agree we need more clarity but bitching and infighting will destroy the community.
Lets keep sane and cool heads and wait and see what is said at the " AMA at 12PM EST, 17:00 UTC on his twitter profile to share more insights about the merger!"
If any of the devs are reading this… Stop the shadynomics, unsustainable apy mixed with unsustainable bs is poor arithmetic. I have a spare abacus if required.
If we are talking about selling our wMemos at the bottom, so that the treasury goes to Spell, Don’t count on my vote. It would mean consolidating my losses of over 80%.
Why don’t you make an airdroop to the holders who commit to stay for a period of time, a year for example, and bet on a VC Fund that starts with a treasury of +$800M USD and managers who can make it grow a lot if the crypto market is in favor.
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This is a bizarre idea that is completely chaotic.
Saying that if the price was right (big premium) I’d accept (then immediately dump the Spell).
However if we are giving up our wMemo for peanuts then I’ll vote against.
Better IMO to stick to the VC model, forget about protecting the backing price, let the ‘fund’ trade at a discount to backing price if that’s what the market wants to do. That’s normal for funds in tradfi sometimes.
Concentrate on making investments and growing the treasury, price will catch up. That was what you were supposed to be doing until you threw out this weird proposal!
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I don’t think the timing is right.
Need to stabilise things as they are prior to making changes.
So far buybacks below backing price haven’t been smooth. I’d want to wait and see how things progress when buybacks are smoother.
Finally, I’m not solid on exactly why this benefits Wonderland. It probably is correct, but generau felt vague - I’d like to hear more specific arguments for the merger.
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How can we vote to reject this nonsense merger proposal?
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Team allocation for Wonderland was 5%
Team allocation for SPELL is 30%
Team lost all their $wMEMO allocation through liquidation.
Team more than doubles MC of SPELL by merging projects.
Team’s 0% value in Wonderland somehow doubles their 30% value in SPELL
Unless the team allocation is also funding the merge this is a way to steal from the frogs to make up their own losses.
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