CP_25-010: Coinage $PLYBTN Purchase for Treasury

Coinage, the first community-owned Web3 media outlet to win a YouTube Silver Play Button, is celebrating with our community by fair launching $PLYBTN.

As you know, Coinage is the DAO launching the project which has locked 51% of the liquidity from the raise (which was PinkSale's largest SOL raise in 2 months) for 100 days. The other 49% of the raise (after fees) went to the Coinage DAO wallet.

That is about 690 SOL. It is now up to the Coinage DAO how we choose to shepherd this in the early stages.

One proposal is to first allocate 10% (about 69 SOL) to hold $PLYBTN tokens that we otherwise wouldn't have been able to buy under the 5 SOL fair launch cap.

To be clear, we would not be doing so to bolster any public expectation of profit. And we would, as this is a forum for our members, be letting our members know of our intentions to hold 10% of these tokens. Should this proposal not pass, we will not move forward with purchasing any additional $PLYBTN at publicly available prices after the liquidity pool opens for trading at 20:00 UTC beyond what we currently hold.
There are many ideas over what to do with the other $PLYBTN tokens we hold. As always, feel free to bring discussion to our token-gated TG channel.