ADP-010: ATH Token Purchase by Beaker

We are expediting this proposal, given the opportunity.

Purpose

This proposal seeks the approval of the AthenaDAO community for an ATH token sale to Beaker, a long-time strategic partner of AthenaDAO and a key contributor to the decentralized science (DeSci) ecosystem. The token purchase agreement to be executed should outline the terms of the sale and vesting schedule while emphasizing the strategic importance of this partnership and the proposed financial utilization.

Proposal

Beaker has proposed to purchase a total of 308,642 ATH Tokens from AthenaDAO’s treasury at a rate of 0.324 per each ATH Token, amounting to a total purchase price of $100,000 (the "Purchase Price"). This agreement was discussed before the recent increase in the token price. The terms of the agreement include:

Token Vesting:

• The purchased tokens will vest linearly over a period of two years, starting from the date of the signed agreement. This vesting schedule ensures stability and long-term alignment between Beaker and AthenaDAO.

Strategic Benefits:

• Beaker has been a strategic partner of AthenaDAO since its inception and has actively supported its growth.
• As one of the most influential funders in the DeSci space, Beaker brings a robust network that can further amplify AthenaDAO's mission and outreach.
• The vesting terms incentivize Beaker's continued involvement and commitment to AthenaDAO over the long term.

Use of Funds:

• The $100,000 raised from this agreement will be directed towards specific IPs for women’s health projects and their liquidity, which have been discussed before.

Conclusion

This proposal highlights the mutually beneficial nature of the agreement with Beaker. The strategic alignment, funding support, and long-term stability offered by this collaboration represent a significant opportunity for AthenaDAO. The proposed terms ensure that the partnership will strengthen the DAO’s mission and further its impact within the DeSci ecosystem.

We recommend that the AthenaDAO community approve this token purchase agreement with Beaker under the outlined terms.