You wont get anything back. Waste of time. God I hate that word! TIME
This should be removed from the proposal: āEdit: Treasury will be paid back at backing price, and wMEMO held in the treasury is not a part of the distribution.ā
If the amount paid back is at backing price, this only benefits those who bought at or below backing price and/or after this proposal was made, which means they are not long term holders (unless you bought at the genesis). This is against the spirit of Wonderland and Frog nation.
If the spirit of wonderland is to reward longer term holders, then this proposal is doing the exact opposite.
I think for this proposal to follow Wonderlandās spirit of rewarding longer term holders it should be adjusted to this:
- All wMEMO in the treasury should be converted to stables at backing price
- All tokens in the treasury should be converted to stables
- The FULL treasury amount (not just up to the backing price) should be divided to all wMEMO holders based on the % of wMEMO they own against the total circulating supply of wMEMO.
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This is the best comment out there currently with a sound mind, I support this whole-heartedly
Lol, thatās stupid. The most of remains holders are new Frogs or Whales that blew down Wonderland and are taking advantage now. Suits win. The Snapshot of wMEMO owners should be that Sifu announcement for BSGG Airdrop. That it is a realistic date when everything start to get worse. The Frogs of that Snapshot are whos help the Treasury to get 1B, they are the real owners of the Treasury
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This would be nice, but treasury doesnāt have this much money, they only have backing amount. I donāt think additional magic internet money could be printed for this purpose, despite the name.
1.) he snapshot must be taken before all the shit with wSifu began.
2.) E.g. the snapshot from the Gambling site.
3.) Then even people not having right now no memo or wmemo should be paid back (so really the snapshot from moment where you decided to make an airdrop) and
4.) I guess the best to start with the people having the lowest amount (number on wmemo) - because we also need the community beside the wales and go up in numbers whilst paying back
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Same boat. I guess need to detangle from Pendle into wMEMO?
you should get a layer that is versed in crypto. He will probably tell you that there wasnāt any collusion on Dani part to secretly tank his own project.
if you researched you would see there are non-humanistic downward spikes (bots) that dropped the price low enough to even trigger the minimalist type of leverage. BOTS, not people.
What everybody wants to know is thisā¦
I INVESTED X USD
WHAT DO I GET BACK?
In my caseā¦ I invested $20k usd when wMemo was above $100k
What will I get?
2 Likes
Spread the word friend! Letās do this - if the people want itā¦ Weāll do it. It takes a village.
An alternative: [WIP #4] - Wind down Wonderland, and give the treasury back to its holders - #213 by Windburnt
I was robbed of all my wmemo on Jan. 4th and I suspect Sifu was behind it. What recourse do I have, if youāre willing to reimburse over leveraged investors?
My initial investment was about $30,000.00
Iāve since learned that many others have reported the loss of wmemo from the Wonderland site.
Note the wording here:
Winding down will mean giving every wMEMO holder back the funds from the treasury that they are entitled to and declare the OHM Fork experiment closed. We strongly believe that this would be the cleanest way of moving forward.
The Wonderland team is done with this and wants to move on as I suspect the majority of wmemo holders will vote. I really like the potential of the project, but bad sentiment both inside and outside of the community will make continuing untenable.
I think the unwinding steps need to be in this order:
- Immediately remove wmemo liquidity providing from treasury to prevent further wmemo buys.
- Calculate wmemo outside treasury. This calculation should include wmemo and the equivalent wmemo that would be retrieved for TIME holders
- Burn the rest of the wmemo in the treasury or take it out of the calculation of total wmemo
- Enable treasury exchange for wmemo. wmemo holders get the % of the treasury per the % of wmemo they hold
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Proposal for vote:
0) Only those should have vote, who hold MEMO/wMEMO or TIME at least 10 days (to lock out whales, who buying the tokens and will have bigger voting power)
- use snapshot before ZachXBT & Daniās texting happened (27 Jan) (before Sifugate)
- payback must be in stabile coin
- only usersās wMEMO should count when the payback value calculated
- as the protokoll has all the data including dates, no payout for depositors or those who bought wMEMO after Sifugate BUT MEMO to wMEMo (wrapping) is OK
- holding time must be a factor when calculating the payback value (the longer the time of holding, the more payment value)
Than CLOSE the Treasury AND select & contract new management.
AFTER that - maybe a week or a month I do not know - REOPEN the treasury with voted, elected, contracted people. So those who sees the innovation and value in this, can put back/add money into it, and those who comletly lost their trust, can stay avay with some part of their money.
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What happens then to people who are currently staking their TIME and have just MEMO?
THIS IS NOT RIGHT!
- Snapshot must be before all this drama happened as there will be whales who benefit from this at the smallest frogs like us!
- wMEMO in the treasury must br given to us as even backing price doesnāt even get close to our initial investment!
Whereās the trust and where are the promises to protect the frogs?!
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I like this proposal way more than what the wonderland team is suggesting.
I would do what the article says and wrap it right away. The wonderland team gives a link to wrap it above.
The show must go on.!!! HODL
Hardly any of it, you will be at a loss unless you bought in at the bottom, like the whales are doing right now.