Allocate $safe to buyback $wnxm

139k $SAFE tokens to be airdropped to the community funds multisig. Half of those will be unvesting on transferability launch, and the other half will be unvesting over 4 years.

Its important that the community fund executes the claim until 27.12.22 10:00 CET (delegating to nexusmutant.eth if his gov proposal passes) or the allocation will be transferred back to the SafeDAO treasury.

Given Nexus has strong growth goals, and $wnxm is undervalued selling below book value i’d propose that the community fund sells all $safe tokens as they unlock. To avoid timing the price, i’d propose to do so in two stages. —

If $safe is worth above 0.7$ i’d propose to sell 50% in exchange for $wnxm

If $safe is worth above 1$ i’d propose to sell the other 50% in exchange for $wnxm

This could be extremely easily executed via gasless limit orders between the two pairs, but might be more advantageous via cowswap.

At 1bn fully diluted safe tokens, its easy to calculate the mcap → eg. $1 per safe is $1bn safe fully diluted mcap

What to others think? Just wanted to start this conversation

As a side comment opinion: Huge fan of $safe and want nexus to be as supportive as possible, while also knowing that most airdrops are getting dumped heavily on the months following launch (as can be observed with most), and that $wnxm is still almost 50% below book value and thus provides more value for the mutual to be bought back.