Vote on the Future of Balance

Introduction

Since we began the Balance journey in 2023 there have been many ups and downs in the DeFi space. During this time, we have been hard at work behind the scenes with the design, development and successful rollout of phase one of Ryze, our flagship product and trading platform. We want to provide our DAO members with an update on where we are, and at the same time, allow all members to vote on the future direction of the DAO.

Balance beginnings

With the transition to Balance, all holders in essence received BLNC tokens for $2.10 in April/May last year. This is viewed as a base value for BLNC tokens and that any risk to maintaining this value should be communicated to the DAO investors. This is the reason behind this DAO update and vote.

Future developments

Ryze would require further development and marketing costs than just the initial phase one, this would result in further expenditure that may or may not be covered by the generated income of the Ryze platform. The market may perceive this value below $2.1 per BLNC initially. It is important to be open and transparent with regards to this risk as there is a chance that the current runway may not be enough to complete a fully fledged product. It is therefore imperative that all investors take the time to consider if they would like to receive $2.1 per BLNC or open the BLNC LP on Arbitrum and let the team continue development.

The current situation

As things stand currently, there are 2 choices available to the DAO: The team continues with the development and marketing efforts of Ryze. As already noted, there is a chance that this could result in the market value per BLNC token falling below $2.10. Once again, there is also a chance that this could not happen.

Based upon current assets we are able to provide all token holders with a BLNC value of $2.10 per BLNC token. This would mean that all development work stops and the DAO is shut down.

The recent BLNC Liquidity Pool vote

The vote and announcement relating to the BLNC home network and liquidity pool was recently concluded. The funds set aside for the liquidity pool are part of the $2.10 value. Because the outcome of this vote will impact the future of BLNC, the team will only launch BLNC in line with that vote if the community votes for the DAO to remain operational.

A vote on the future

Since this is a very significant decision which will greatly impact the future of the DAO, we are calling on all BLNC token holders to vote on the future of Balance Capital.

The following voting options are available to token holders:

• I want Balance Capital to remain operational and all efforts to continue to work towards achieving the full vision of Ryze. I understand that this could mean that at some point, for an undetermined period of time, that the BLNC market value of $2.10 will fluctuate as it is determined by the LP.
• I want to redeem BLNC tokens at $2.10 per token. I understand that this will result in the DAO being fully shut down.
• I want to abstain from voting