SH!TCOIN CLUB GOVERNANCEby
0x7881…2d4D
LUMIA Node Earnings. Time to Claim?
Our Lumia Node position continues to generate strong passive income, with 22,092 LUMIA coins earned so far, currently valued at over $30,000.
Claim Decision: • Available Now: 6,903 LUMIA coins, claimable at the second tax tier (35%), yielding 5,930 LUMIA worth approximately $8,000. • Available in 30 Days: Full claimable amount with 0% tax, though the future price of LUMIA remains uncertain.
This month’s decision revolves around whether to claim and sell the available LUMIA tokens now or wait another month to potentially maximize returns.
Financial Context:
1. USDC Airdrop Revenue:
• To date, the DAO has distributed $116,000 in USDC airdrops, with distributions continuing. While the total revenue from NFT minting was higher, after team payments were removed, the collection has paid out more to holders than the engine itself has received in revenue.
*2. SCC Team:*
• The SCC team has reduced from 5 members to 3, requiring leaner operations to sustain or increased workload to grow.
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3. Arbitrum Land:* • Running successfully for 5 months, Arbitrum Land performs well as many who joined on launch are approaching ROI as planned, but has yet to achieve the desired TVL to sustainably fund NFT holder rewards.
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- SUITRUMP Value:* • The DAO’s half of the team supply of SUITRUMP (250,000,000 tokens) has 3x’d since the airdrop. With a current price of $0.000067, this represents an additional $16,750 in value.
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- MSS Stake:* • The DAO has continued to hold 1,000,000+ MSS staked on BSC at mintstakeshare.com, contributing greatly to the overall rewards pool.
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- Richie’s Contributions:* • Richie has been extremely generous with his channel Crypto Mischief's earnings, which have accounted for half of the airdropped coins to SCC holders. These include income from LUMIA nodes, Sonic Nodes, MSS stake, OXVM stake, referrals, and partnerships. • His contributions have significantly extended the SCC’s operational runway and will continue to do so.
Future Outlook:
Richie is not considering closing the DAO or stopping airdrops. It is simply a transparent update on how the NFT airdrops are managed and the potential obstacles Richie anticipates. If the engine alone were used for airdrops in its current state, the runway would not extend beyond two months. However, Richie’s ongoing efforts ensure the DAO remains operational and sustainable.
The decision on future airdrops will be made in next month’s vote, allowing all investors time to propose and consider options, ensuring the DAO remains community-driven and transparent. We encourage you to engage in the DAO with your opinions on how to move forward in 2025 with the SCC.
Off-Chain Vote
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- Author
0x7881…2d4D
- IPFS#bafkreif
- Voting Systemsingle-choice
- Start DateJan 07, 2025
- End DateJan 14, 2025
- Total Votes Cast739 SCC
- Total Voters233
Discussion
Timeline
- Jan 07, 2025Proposal created
- Jan 07, 2025Proposal vote started
- Jan 14, 2025Proposal vote ended
- Jan 14, 2025Proposal updated