I think its a good resolution. I would say though that wmemo holders should be compensated in at least a 2x of what they are holding in wmemo for spell. The price should be maintained at at least 1000k wmemo so it would only be fair to recieve at least that much in spell. It was part of why I bought time at the time as it had a limit to what it could lose. Then last week it happened and they showed they were for real and brought the price back up. And should continue also a high pay not 81k but 100-500 percent .maybe based on how long you have been holding wmemo. Hard pill to swallow all this. It is what it is. I have a good feeling that in a few months(let’s make it a few weeks for dreams sake) we will have our money back and then some.
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Per sifu in discord the translation comes to around 4.9 mil Spell per wMemo which means spell is considered around .008 and wMemo at around 40k.
Wonderland Identity Crisis
IMO, Wonderland & ABRA proposal to combine forces, is a not so great idea. WMEMO should not turn into Spell Tokens, WMEMO should remain the identity of Wonderland and the Team should use their expertise to create a way to increase it’s value. BTC
Suggestions:
Why not use Treasury profits to make WMEMO a Bitcoin index, tracking bitcoin price action? If you don’t retain WMEMO, wonderland will be the pun of many jokes. Stress Test, failed, if WMEMO turns to spell.
There are protocols designed to do this, integrate, hire additional experts before the flip flop after the bait and switch.
Crypto Currency Index Fund (WMEMO=BTC)
- Choose the # of Coins in Your Portfolio & Set Percentage Caps
- Select a Weighting Strategy
- Backtest your Strategy
- Set your Own Rebalancing Period
- Add Coins to your Blacklist
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A lot of the people that would have staked in September have incredible gains right now, so I think they are safe to do whatever. September price was close to the current one.
I VOTE NO! Lets try to save Wonderland not merge it so promises dont have to be kept and people will forget about what their entitled. You cant distract people with airdrops forever. Lets actually back the price of wmemo and stop looking for a way out of responsibility.
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It doesnt dont you get it… They are trying to kill wonderland.
Where is original post? This is a far better proposal!
Not really, it’s still a plus but far far far away (almost 20x incl. Rebases) from what it could be now if price hold around 5000 per time. Started with 0.3ish time and now have over 10. Have bought when price was around 3000.
No one could ever have a 20x if bought at 9000 or ATH thats why I’m saying.
Now its not even 2x compared to 20x - don’t know what incredible gains are for you but 2x are fine but 20x is incredible for me😅
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the rev share wouldnt do 100% most likely be 50-50 of 70-30. and if we dont merge we going to need to lower the APY or change how the index go up, because with supply & APY right now in 365 day you would printed 772,014,915.24 MEMO and the index tis going up at a steady rate not exponential rate.
Spell for Buyout = 98,000,000,000 number for AMA
wMEMO existing = 17,500
Spell received per wMEMO = 5,600,000 (98B / 17.5k)
at 5,600,000 SPELL per wMEMO at .009 per spell that = $50400
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More communication problems. Sifu is saying there are half as many Spell and Danielle. We need confirmation on the actual amount to make a rational decision. Danielle said 98 Billion Spell to buy out wMEMO holders at a fixed rate proportional to your holding. That would be 12,820,515 Spell per wMEMO with 7644 wMEMO in circulation. At .008 per Spell that would be $102,564 per wMEMO.
Take a moment to do the point of the situation.
I read the whole thread, and it seems that most of the feelings about this proposal are definitely negative.
There are plenty of doubts and negative numbers around what has been proposed here.
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The proposal was launched with a bad timing (or perfect depending on what/who perspective). This proposal could be tempting when the time price was at the ATH (probably rejected anyway), not now at ATL.
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The change of routes that would be taken is radical, far from what is the fulcrum of the project in which we have invested months ago
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The merger would see a further and massive dilution of what would have been rev sharing proposed
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The total disappearance of a model that was taking foot, torn apart from the behavior of the same investors
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Further capital invested by the single will be lost. It will squeeze a project that deserves to be sold at a premium price at an absolutely disadvantage price (someone said inside jobs?)
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Tokenomics of SPELL is terrible, at least from an investor point of view
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Wonderland should has a higher daily profit than Abra. We are selling what for what?
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At now, the possible profits are not adequate to the entire trouble and losses for those who are investors since the beginning of this current project (the fruits to return to his initial investment from ATH would see in several years under current conditions. And this only if things will be fine)
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We just started investing in projects that in a future could become consistent. Do we want to stop even before see tangible rewards?
I can understand that for developers is not easy to find the way to repair all the various issues we have, but this is it? We are really at the end of everything? Sell a solid project with a treasury of 700-800 million and with a clear goal, for a totally different project and that will penalize the current holders?
Are you sure you want to turn your shoulder to 700 million because we currently can not win a financial intelligence game?
Yet every day numbers of proposal are made, and some of those are currently interesting.
Everyone takes the time it takes to evaluate all possible unknowns, risks and benefit, and after that choose wisely.
Thank you for your attention.
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I still believe in Wonderland, but this is a slap in the face for everyone who bought in and is sitting at a huge loss hoping to break even with the APY
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Agree. It is my concern too. Staking on ETH is just too expensive for a small frog. Will there be an option of staking on Avalanche? So we could really enjoy the benefit of profit sharing.
I favor Abra & Wonderland partnership over acquisition. The move to Spell will greatly dilute each wMemo holders bag. Also strange timing with FOMC meeting minutes and wMemo dump…fishy story.
Dani and Sifu keep moving the goalposts. Selling the Frog Nation treasury should ONLY benefit Frog Nation members…how can they ensure this will happen?
Also, Time holders invested in a very different idea. If I had wanted to buy Spell…I would have just bought Spell.
Seems like exit liquidity strategy 
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Yes, this doesn’t make much sense. Wonderland is more valuable than Spell. How are we being bought out?
lol
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The proposal is to use 98B SPELL tokens, from Abracadabra Treasury to acquire Wonderland Money Treasury in full and merge the two projects completely.
Where do the SPELL tokens come from?
Currently the tokenomics of Abracadabra are as follows:
30% (63.0B SPELL): Team allocation (4 Year Vesting Schedule)
Here is the one thing which needs more clarification…we are buying with Wonderland money 63B tokens from the team, so they just pocket 30%? What is the ultimate advantage to this merger?
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Not arguing with you just wondering where the wMEMO circulating supply is coming from. Both Coingeko and Coinmarket Cap say 7644. Where should I be looking for the correct amount? Thanks.
look at the wallet and memo count if we warp them and i round it up too im hell of sleepy sorry
Half-ass bailout at best.
Questionable conflict of interest at worst.