Dev will win ultimately. We already saw how the price went down. So nothing to say. So Devs, do whatever you want. Play with us. The biggest mistake to invest here.
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WHO’S HERE DONE THE MATH?
What’s a the account or amount for all outstanding Wmemo?
What’s actual wmemo price per treasury?
Agreed lets go frogs!!
How do you vote no? Stay the course. It is crazy to change this project a few months in.
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When all is said and done, the integrity of the project and the team behind it comes down to the wMemo swap price. With most holders at a significant loss, the efforts made by the team to at least allow frogs to break even will be the deciding trust factor moving forward.
For me it does not, except for creditability which wonderland lacks. When You think about it abracadabra try to get us for around 1$=1$.
Wonderland would basically connect with abracadabra, money transfer wise probably no one gains at start (not much at least “few percent here and there”) but profits are share between abracadabra and wonderland users and wonderland for now have bigger profits than abracadabra witch on other hand is “safer” and more stable, at the same time wonderland have “better” perspectives on gains if only people would understand what VC Fund is and what are reasonable expectations on gains (I should mention here that number of lambos in wonderland calculator didn’t help)
How ever I should also say I’m a little bit biased as in my opinion you should invest only with your side money that are not needed and that you can lose. I don’t like idea of borrowing, leveraging or unnecessary credits especially for investing in crypto
I am in this since 10. November, been holding since, almost never since the beginning i was in any profit, maybe some very short period around mid december.
I aped in with decent amount of money. Price crashed yes, im now almost 90% down, and i wouldnt mind, but what i was afraid is exactly this what are they trying to do. They got us onto rebases and promised if we hold long enough short term price wouldnt matter, “this is a long term project”, now they are trying to sneak in some voting to delete entire token and everything we signed for when we invested our money into project. No, i dont want any merge, anyone who is botting for this proposal (and i see some pro bots here) are either unaware of what this will bring, or they didnt invest alot of money to lose in first place, so theyre like oooh yeaaah great proposal lets do it LFG FROG NATION woooo… Yeah, i dont think so.
I wouldnt mind holding my wMemo for 360 days, if that would bring me at least my initial investment if not some profit on top. We merge? That will end up just like this, i can already see unsatisfied people dumping everything and crushing price until its 100% dead with no recovery options, leaving project for good. What will we long time holders and investors who are 80+ percent down do then? On the other side if we stay here, as i said i wouldnt mind keeping it locked for a year to come, you can use my money to invest in other projects and make profits, the essential thing is to delete backing price from the project and not spend treasury on it. Let the price of coin determ floor price, If TIME/MEMO price goes to 100$ or 10$, thats still better than merging in my opinion. In a year with current APY and 10$ per TIME would bring me my initial investment at least or even double. Keep this rebases percentage or you can lower it a bit, but other options like merging will bring the end to project i can guarantee that. Of course maybe thats what devs actually want, to destroy all this so they have excuse for shutting it down, i dont know anymore.
Wonderland in a week went from time/memo to wMemo, which 80% of people didnt actually understand and brought big FUD, and on top of that fud, now you propose to totally delete wMemo token and merge, I dont know what do u expect but to bring even more fud and destroy project with it. My vote will be big NO, i hope other people will for once understand what this mean and wake up, not blindly believe in Sesta or sifu or bots spreading fud, or bots saying “I will vote it for it, best idea ever”, please think with your own brain.
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Just saw Sifu’s recent comments about using weekly revenue to buy SPELL to stake.
This means constant buy pressure for SPELL. As treasury revenue grows every week, we will have more SPELL to acquire to stake.
My mind is changed. I’m in. Let’s do it!
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Dani was adamant that Wonderland is not broken. It is successful and way undervalued. So why sell to Abra at a low?
No sale. Fix Wonderland no more looping. No more liquidations. Don’t allow people to loose it all.
Stop buy back to backing price. That’s interfering with natural price discovery. If Bitcoin hits 100k. Do you think time wMemo will still be valued where they are at now??
We have stopped minting so dilution has ceased.
Is wMemo emitting?? Let’s stop that.
How will the revenue share work in this scenario. To my understanding the treasury belongs to the investors of Wonderland. Would we simply be diluting our ownership over this treasury in exchange for a “buyout” of $SPELL tokens at the proposed 98B?
This is a TERRIBLE deal for wMEMO token holders. Right now, SPELL is at $0.007155 and they are offering 98B SPELL to buy wMEMO so that is only $701M, so SPELL token holders are getting wMEMO basically at Treasury value (which is supposed to be growing 30-50% APY!). I see the logic of the merger, but they have to offer more. The purchase price was determined basically by how many SPELL they could come up with per today’s AMA, but they will have to find other ways to give us wMEMO token holders value if they want this deal to go thru. Otherwise they are STEALING it from us.
Using one of abracadabra products to profit long term as Sifu did is something different than giving up big part of Your profit and voting power basically for current backing price to get short term gain on spell price and some creditability to attract new users. Abracadabra definitely can and one day will be more profitable but today with wonderland on it’s knees after lots of leverage overuse (On abracadabra that now wanna buy us) is bad deal at least till wonderland get it’s affairs straight (for now no borrowing/leverage no buybacks just invest and wait for profits to roll in without care for wMEMO current price only then we can earn money long term and attract new investors )
How is Wonderland on its knees?
Treasury is still generating $1 million in stablecoin per day. We have enough $$$ to orchestrate 8 figure buy backs.
Wonderland is doing very well, contrary to what you’re saying.
The issue is this … how can we maximize profit generation and price appreciation, right?
Sifu’s plan is solid in that respect: Discord
There is too few detail to evaluate if this is the good proposal or not…
Open questions are:
- Is this a merger or an acquisition? if an merger how it will operate in the future? what will remain from Wonderland value proposition?
- What is happening to the proposal of revenue using the treasure as VC?
- What is happening to investments in the BSGG and NFT game? Are we still getting airdropped on those?
- What is going to be exchange rate? this should definitively comprehend the overall Market value + treasure value!
The tokenomics should definitively be changed: having 30% for the team needs to be decrease at least to half and the team tokens should be used for the transaction as part of the means to achieve better tokenomics.
Please provide a crystal clear deck / doc with all the details down to the last drop of info (technically speaking)
All the best Frogs!
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I’m a big fan of this proposal, thank you devs for bringing it to the table - I think it’s an incredible opportunity to consolidate brainpower, resources, and brands, to push forward what will be the biggest thing in defi.
I read that we would also be using part of the generated yield to buyback SPELL to consistently apply buy pressure on the price? That would be great to elaborate on.
I’d like to learn more about SPELL honestly… is there a good primer anywhere?
You’re right I ment it in case of this proposal as with current wMEMO price they offer basically no extra money over worth of wonderland treasury, for this deal to be considered good, price payed for wMEMO on merger should include some extra as from what I understand Wonderland generates more profit than abracadabra generate currently and there are new investments that should start bringing profit soon.
Yes, absolutely … I agree with you there. Abra is paying a discounted price for our treasury + revenue.
I think it’s a matter of weighing short-term vs long-term. I think the long-term benefits outweighs the immediate pain of selling ourselves at a discount.
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Be careful here. You need to support your own claim. The lack of proof falls upon the accuser in a legal setting, as it should here. A scam is a fraud. You need to prove the fraud via intent.
The strategy in partnering with Abracadabra is to provide a use case for TIME/MEMO/wMEMO, which really is what’s lacking at the moment. The Treasury without a use case for its TIME/MEMO tokens was incomplete. Why hold tokens if you can’t use them for anything? This proposal to deploy the Treasury to earn SPELL by borrowing against its backing is a use case: a way for the Treasury to earn yield. Now all the wMEMO out there can collateralize loans, and earn a return in doing so. As a form of collateral, wMEMO facilitates whatever transactions use MIM (the borrowed token). Because the amount of MIM one can borrow changes as the underlying posted collateral’s (wMEMO’s) value changes, posting wMEMO allows one to earn more or less SPELL as its market value changes. My understanding is that one’s borrowing capacity (MIM) changes as the underlying value of one’s collateral (wMEMO) changes. This means that while wMEMO may be worth 123 MIM today, tomorrow it could be worth 124 or 122, so the value is not static, not necessarily locking in a loss for you. [If this is wrong, please lmk bc this is a central point of my point]
TLDR: Please prove this partnership is somehow a scam (intended deceit). What really appears to be the case is that the Treasury is creating a use case for wMEMO by deploying its funds to earn yield on Abracadabra. This should increase the size of the Treasury, thereby providing a return to you.
I agree, the whole 3’3 idea is to reward long term holders. Removing the rebase and swapping wmemo at backing price would be the worst deal to go for. Stay the course and allow holders to at least break even.
Well put. I am also leaning towards yes. Although it would be sad to see wMEMO vanish because it is such a cool concept.