SH!TCOIN CLUB GOVERNANCEby
0x7881…2d4D
LUMIA NODE EARNINGS, WE SHOULD WAIT
DAO VOTE: Lumia Nodes Claim Decision
Our DAO currently holds 21 Lumia Nodes, with 17 locked in the DAC. These locked nodes unlock on 8/16/2025, allowing much more token claims at that time. However, we currently have 6,390 LUMIA tokens available to claim from nodes that are not locked.
If we choose to claim the 6,390 LUMIA now, it will incur a 55% tax, leaving us with 2,874 LUMIA, worth approximately $6,000 at the current price of $2.18 per token. Alternatively, we can wait: • In 60 days, the tax will drop to 34%, and our rewards will continue to grow. • In 90 days, there will be no tax, maximizing both the tokens we receive and their value if the price rises further.
Lumia Token is currently at $2.18, but its predecessor token, ORN, reached an all-time high of $29.10, showing Lumia’s potential for significant future growth. By waiting, we can accumulate more tokens and potentially sell them at a much higher price during a market upswing, aligning with the likely full bull market conditions.
Claim Process:
Claiming LUMIA is not straightforward. The tokens must first be claimed and taxed, then bridged to the ETH chain, bridged and traded on a centralized exchange like MEXC, and finally sent to the Polygon chain for our Eternal Engine fund. This complexity adds to the argument for waiting until the process is more favorable and profitable.
Key Risks and Rewards:
• Risk: The price of LUMIA may drop before we claim, leading to a potential loss in value.
• Reward: By waiting, we reduce taxes and potentially sell during a RWA bull market, which could yield significantly higher returns.
Vote Options:
1️⃣ Wait 60 Days: • Rewards continue to grow. • Tax drops to 34% and we vote again. • Increased opportunity to capitalize on a price surge.
2️⃣ Claim Now: • Receive 2,874 LUMIA ($6,000) immediately. • Pay a 55% tax.
Recommendation:
We recommend waiting 60 days. This gives us time to accumulate more rewards, reduces the tax, and increases our chances of benefiting from a bull market price surge. The current $6,000 is small compared to the potential gains of waiting. Remember the market value of our nodes is over $25,000!
Cast your votes now! Deadline: 7 DAYS TO VOTE.
Off-Chain Vote
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- Author
0x7881…2d4D
- IPFS#bafkreia
- Voting Systemsingle-choice
- Start DateDec 07, 2024
- End DateDec 14, 2024
- Total Votes Cast783 SCC
- Total Voters244
Discussion
Timeline
- Dec 07, 2024Proposal created
- Dec 07, 2024Proposal vote started
- Dec 14, 2024Proposal vote ended
- Dec 14, 2024Proposal updated