Morello's Approach

Context:

This proposal is being put to vote to address the unpaired $UPONLY tokens, acquired by the DAO's wallet with funds from the =BULLS batch 3 sales, and decide where and for what they will be repurposed to avoid diluting holders and strengthen the token's price, reliability and decentralisation in the long run.

The total amount of $UPONLY in question, after being paired, with all $EQUAL available for that purpose, and distributed to =BULLS burned before an emergency measure was put in place, is precisely 4,106,587,497.174856545761509915 (~4.1b). Verifiable on-chain through the following: First buy-in on $UPONLY with: Hot wallet 1 (0xb87d264DE3Ce9A01a9eB112b87Ca283Ff5Aa7e79) Transaction Hash: 0xa9677e2e4a5d27b090182d27280c152ab17645a8c89fd660a4bc8b95ae53993c Transferred the totality of tokens to: =BULLS Multisig (0x6Ec1ab8D593eBf64271087086E664DCfddC8d783) Transaction Hash: 0xa93e2d1ff3837f9a03f5e7087fbd3cd3107330e5610fcd610447aa821d550ef3 Paired with $EQUAL in 2 separate transactions: Transaction Hash 1: 0x475ded4488dded8cfe3f698d512365abb87e73389b82691238026d766f0b2a34 Transaction Hash 2: 0x7afecc219dfefba02cbf8e9603e95bacf71b216d6e48d4094abbce70ad711f6d Distributed proceeds to =BULLS burned in 2 separate transactions, half to Gavin, who burned the =BULLS, and half to a hot wallet controlled by Zethes for giveaways: Gavin (0xD674d9DBEa02B7457408Ed2Cd21051498ec8d13c) Transaction Hash 1: 0x78a7e00d3542d0c1e7a0e110b840e36c6d23267de3ff3ac55cee129353c9ec13 Zethes (0x23Bb5aea46F29383a6867c78fA065221195351Ff) Transaction Hash 2: 0x64130ca1b48091c5de593a9f9be27251a949da3d486e50073da36dc38b003491 =BULLS Multisig transfers the totality of excess tokens to: =DAO Multisig (0xA5fd4a02CB977963b535d57Cf5a2c22b651bbEe4) Transaction Hash: 0x7ef281539f829f890ec7cfb14dda0f58e276e2769746603cd254ccdbd618c5d2 Proposal:

Option 1: Burn all the (~4.1b) $UPONLY immediately.

Option 2: Burn 1b $UPONLY immediately and 1b on two separate occasions conditioned to $UPONLY reaching market capitalisation targets as follows: 1st goal: 1m market capitalisation. Burn 500m $UPONLY. 2nd goal: 2m market capitalisation. Burn 500m $UPONLY. Use 2b as bribes with a maximum of 2/26b $UPONLY per epoch. Add the remaining ~106.5m to =BULLS Multisig to increase their backing. All of which must be paired with the 34% allocation of the $EQUAL rewards from farming on the Equalizer Exchange with the UPONLY/EQUAL protocol-owned liquidity, previously intended to be used as bribes, until the full amount is paired, at which point the farming rewards go back to serving its intended purpose.

Option 3: Burn 2b $UPONLY immediately and 1b on two separate occasions conditioned to $UPONLY reaching market capitalisation targets as follows: 1st goal: 1m market capitalisation. Burn 500m $UPONLY. 2nd goal: 2m market capitalisation. Burn 500m $UPONLY. Use the 1b as bribes with a maximum of 1/26b $UPONLY per epoch. Add the remaining ~106.5m to =BULLS Multisig to increase their backing. All of which must be paired with the 34% allocation of the $EQUAL rewards from farming on the Equalizer Exchange with the UPONLY/EQUAL protocol-owned liquidity, previously intended to be used as bribes, until the full amount is paired, at which point the farming rewards go back to serving its intended purpose.

Option 4: None of the above. Let's discuss other possibilities.