Note: This snapshot votes only on Part B of the full "BIP-83: A Holistic Update to Botto’s Economy". There are 6 total votes for BIP-83, see the other votes on the main snapshot page.

Summary

In order to raise capital for the DAO treasury and secure operational longevity through future downturns, we propose earmarking 6M $BOTTO for future OTCs with preset price minimums and parameters we have established for previous OTCs.

Specifications:

• Establish 3 OTC tranches for $BOTTO token sales to strategic partners
  • Tranche 1: 2.5M tokens at min. $1/token
  • Tranche 2: 2.5M tokens at min. $2/token
  • Tranche 3: 1M tokens at min. $3/token
• 12-18 month lockup periods with up to 10-20% discount on VWAP
• Maximum 5M tokens to any single partner

OTC deals will follow the parameters of past OTC deals, originally set in BIP-35 v2: Have Cake and Eat It Too: OTCing with Treasury $BOTTO (see section 2.5: OTC & Deal Structures)

Note: Snapshot is only a summary, the full BIP in the forum takes precedent.

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📚 Read the full proposal: https://forum.botto.com/d/120-bip-83-a-holistic-update-to-bottos-economy Discussion of holistic proposal: https://discord.com/channels/829636834371960842/1418629635100643358 Discussion of Part B: https://discord.com/channels/829636834371960842/1418596541672984728