[WIP #4] - Wind down Wonderland, and give the treasury back to its holders

This will mainly benefit the same people who brought down the value of wmemo by manipulating the charts. It’s a cop.out. Dani and his team need to stand up and be strong, this is a weak strategy.

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It seems strange to liquidate at a huge loss the entire project. Treasury DAOs can be an excellent business model for the long run. The main issue is as was raised in the initial post, voting No is difficult because no one has any visibility into how the DAO could be managed going forward. Unless some folks are willing and able to nominate themselves as candidates for the follow on vote to take over the multisig and manage the project going forward then there is no option but the liquidation. Of course, no one would trust such nominations without the people also revealing their identity, but really this is what normal non-crypto startups and businesses do as normal everyday business so why not?

All I say is pay back the money :wink:

So basically vote to kick sifu out of the project which was obviously going to pass.

Now voting to give the treasury back to its holders which will obviously pass with the whale vote who are the ones who manipulate the price and kick everyone else out when the price is at its lowest even though it would surely recover after Sifu leaves.

Nice cop out guys, get everyone scammed then give them back a tiny breadcrumb and call it democracy.

I’m never touching a project like this ever again. So call the next one what you want.

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Protect the LOYAL FROGS against Unaetical wales/holders, who just bought recently at discount price : pay-out CAN NOT be based on amount of TIME held, ong term holder (loyal frog) bought at price between 100K$ and last at 50K$.

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You about summed it up. Nice cop-out. And the owners and desv can say “The people voted for this”…

The devs will be embroiled in lawsuits for the rest of their lives if they dissolve wonderland.

Im cool with a refund in either stable coins or eth/btc but can we get a fair price evaluation of the refund before voting? i personally would like to see the continuation of the project. Sushi swap , The wonderland x abra merge , betswap ( although i didnt really care about it ) , all bullish signs. Massive hiccup with buy back / whales , sifu , liquidations, but i think there is far too much good to build upon with better management then to just wrap it up so quickly.

I love your take ser. but disagree this is what fudders get. Its all their doing they sold now they pay price lol

NO they wont the dao voted for it you see the votes you didnt know how dao work. It was never 1 wallet one vote its 1 vote 1 coin what that mean? Silly rabbits lol

No totally disagree, stupid degens that over leverage should just leave

If the project is decided to be terminated, the payouts should be proportional to the investment(cost of time/Wmemo at the time of purchase X amount of Time/wMemo held). Say the total amount all investors put in is $10000, and an individual investor had put in $10, and the current treasury is $8,000. The individual investor should get $8 as pay out. If the current treasury is $10000, the individual investor should get $10, and if the current treasury is $20,000, the individual investor should get $20. It will be fair to all, irrespective of the time point at which they invested.

They deserve it, people are stupid, they’re pulling a vote where their own massive bags count for like 40% of the total vote and using it to get themselves out with all that treasury money and kick everyone else out while the price is at the lowest.

If the project is decided to be terminated, the payouts should be proportional to the investment(cost of time/Wmemo at the time of purchase X amount of Time/wMemo held). Say the total amount all investors put in is $10000, and an individual investor had put in $10, and the current treasury is $8,000. The individual investor should get $8 as pay out. It will be fair to all, irrespective of the time point at which they invested.

Is there a way to add it to the proposal to wind down?

The ‘core’ team member who made this proposal bought 210.49 wMemo on the 27th of January for an average price of $20,428.

FYI.

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I strongly support that. In case the project is decided to be terminated, the payouts should be proportional to the investment(cost of time/Wmemo at the time of purchase X amount of Time/wMemo held). Say the total amount all investors put in is $10000, and an individual investor had put in $10, and the current treasury is $8,000. The individual investor should get $8 as pay out. It will be fair to all, irrespective of the time point at which they invested. This would prevent sharks from taking advantage of buying below the buy back price, and would deter them from supporting the winding down. Is there a way to add this to the proposal of winding down? I do not know how to submit a proposal. Thanks

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I Know. In the current form, I would not support winding down. It only helps those who bought below the buy back price. I do not know how to make changes to a proposal or to make a new proposal. Can you please help? Thanks

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who’s wallet is that?

I understood that the snapshot of amount of wMEMO was taken 16 hours ago and you need this amount in your wallet in case of a “yes” voting when you claim your portion of the treasury… If you sell now before claiming you won´t get the amount you have… maybe I am wrong but thats what I read…