CRE8R YOLO BuyBacks

Recently CRE8R DAO has voted for the 20% of the DAO’s take on revenue to be used to buy back CRE8R from the market. I personally think this is not enough to be truly meaningful. So I proposed an idea for discussion here.

https://discord.com/channels/860395547567587328/1029916544442056734/1039939990592962580

It’s really quite simple TBH. Take ALL the income from a client and use it ALL to buy back CRE8R (laddered in--not a single green candle) and then pay all content creators in CRE8R. Campaign budgets will no longer be considered in USD for payment, rather in a portion of the bought tokens that that USD were able to buy will be divided between the content creators.

Here is an image

People that don’t want anything to do with CRE8R token, can sell right back into the pool. However, this model will grant some creators the opportunity to hodl a token, knowing that there will be steady buying pressure for that token.

There should be a few adjustments.

First off all because there is a small amount of loss in USD value, from trading fees, and slippage. We can vote to reduce the DAO’s take from 20% to several lower amounts. You will see them below expressed as a “DAO 15%” which means the DAO now takes only 15% of the total bought tokens. These tokens can be used for internal work, grants, emissions on the pool or such. And this number can be easily changed in the future via another governance proposal.

I strongly believe that there needs to be NO MORE inflation of the token for this to work well. So voting FOR this in any way also is voting FOR locking the remaining tokens in the treasury in a time lock contract. I suggest we try 6 months for now. For simplicity sake, variants on this time lock will not be voted on here. Rather a follow up vote will take place to consider how long this time lock should be for.

To judge if this YOLO buy back passes, we will compare ALL the FOR votes, versus the NO to see if we will do the buyback.. Then, if the FORs are in majority, we will compare the FOR votes to see how much the DAO will keep.

I strongly believe, and have since we birthed the CRE8R token, that we need to align the project with the governance token of the DAO. The token, as it currently is, has very little utility, and I think this is the best, and simplest way to achieve these goals.