Ensuring Long Term Viability Of The Bgan Punk DAO

It is hereby proposed that the DAO via the multi sig signers will sell a portion of it's ETH holdings at predetermined prices and convert to USDC.

Reasoning: We are possibly nearing the end of another crypto bull cycle where crypto and Ethereum will go on a “parabolic” run to higher prices.

Where the price will go, no one knows, but we can look at history and speculate that at some point, after rapid price rises, are rapid price falls.

Taking into account cycles and economic realities, stabling up a sizable amount of USDC will guarantee that the DAO will have the ability to continue promoting and working on the BGAN punks for the foreseeable future.

The DAO currently holds 15.88 ETH at the time of this proposal.

With this in mind the following is proposed:

Convert 3 ETH of the DAO's ETH holdings to USDC if/when ETH trades at $8,000 USD. Convert 3 ETH of the DAO's ETH holdings to USDC if/when ETH trades at $10,000 USD. Convert 3 ETH of the DAO's ETH holdings to USDC if/when ETH trades at $12,000 USD. Convert 3 ETH of the DAO's ETH holdings to USDC if/when ETH trades at $15,000 USD.

Trading at the price indicated is defined as touching that price on any major exchange such as Binance or Kraken or any others that the DAO signers determine to be adequate or coming within 1% of the indicated price on any major exchange as determined by and at the discretion of the signers.

If ETH were to reach $15,000, the maximum conversion would be reached for a total of 12 ETH which is 76% of the DAO's ETH and the 12 ETH would yield approximately $135,000 in USDC.

In the future, new proposals can of course be made to sell USDC for ETH as wanted/needed for the DAO purposes.

Crypto markets can be extremely volatile. Crypto goes UP in USD and Crypto goes DOWN in USD over time and cycles.

Taking advantage of an upswing in ETH price could help us achieve longevity and continue our BGAN mission long into the future.

I am attaching a hypothetical chart for thought provocation.