DYOR DAO need to discuss our next steps, but first, a brief overview of project current situation.
In winter, the DYOR project started as a meme with economic flows through the NAP protocol. After the public mint, it became clear that NAP works, but DYOR flows do not. Contributors decided to develop the product with the existing budget.
The idea: a blockchain marketplace for investing in agricultural products with returns. Transparent, safe, innovative.
Since May, core contributors have been preparing the project. Meetings with the Georgian government were planned to get the green light. At the last moment, our agro partner disrupted all agreements.
This was the fifth similar case, after which it was decided not to risk the treasury.
DYOR has almost completely preserved the amount that came into the treasury during the public mint. Contributors worked enthusiastically without payment.
base: 0x528E68Ee4Fe90dE5090653A83cec6a6d91D307aB The treasury currently holds around $300k, and the DAO needs to decide what to do next.
So:
Option A: Direct NFT buyback and project closure.
With this option, each NFT will receive about $90.
Option B: DYOR returns to its roots and tries to become a meme alongside TWT.
Since there is no product of its own, there is an option to join the future TWT updates. Obviously, the upside of TWT = the upside of DYOR multiplied by the tokenomics multiplier. (TWT is the token of the largest crypto wallet https://trustwallet.com/ , with 30 million monthly users, with a huge community of followers)
Option C: DYOR jumps on the last train of DECASWAP and gets a slight rebrand.
A media game begins to support the vampire, likely mutual. The project is well-known by JP Thor, founder of Thorchain (https://coinmarketcap.com/currencies/thorchain/), true chad, launcher of $wewe, Australian fighter pilot.
The round involves entering the VAMP token with an FDV valuation of 69M, a 6-month lock, followed by a public round with a valuation of $100m. The goal of the project is to suck liquidity and later merge with DECA, initially a rebranded KNC.
This option is interesting because the minimum check is 100k. Not many of us can afford this solo.
New DYOR tokenomics:
No locks and no team share in the token anymore. Fair Launch. FDV reduced almost three times.
Distribution:
$DYOR FDV - 757,575$ 88% as assurance in DYOR NFT (666,666$) 10% reserve (75,757$) 1% initial liquidity with WeWe (7,575$) 1% initial liquidity with ETH (7,575$)
Two pools for greater stability, arbitrage, and additional buy/sell tax fees.
Economics:
NFT royalties - 5% NAP fees - 5% $DYOR buy/sell tax - 5% The DECA allocation will be fully used to increase the value of DYOR. No details.
DYOR accumulate taxes and royalties in wewe and eth, but not in DYOR. Then suggest options and implement through voting.
Budget:
15,150$ for initial liquidity 250,000$ JP THOR on DecaSwap ≈35,000$ for marketing and production
In the case of option #2 - TWT: We exchange WeWe and ETH for TWT and BNB. DECA allocation > TWT in Treasury
The launch of NAP will also not take long = +- 1 week after voting.
Off-Chain Vote
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- Author
dyorjunior.eth
- IPFS#bafkreie
- Voting Systemsingle-choice
- Start DateJul 29, 2024
- End DateJul 30, 2024
- Total Votes Cast972 VOTE
- Total Voters90
Timeline
- Jul 29, 2024Proposal created
- Jul 29, 2024Proposal vote started
- Jul 30, 2024Proposal vote ended
- Mar 24, 2025Proposal updated