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Cedar GovernanceCedar Governanceby0x01DD800Ffc1119Ae8D2B5Df35f9F85BaF2d2386CELG Owner

Operational Funds Swap Proposal

Voting ended over 1 year agoSucceeded

Should we protect some or all of our operational funds by converting our BNB to USDT? These funds are what we hold for Marketing and Development, and are not related to our Token Liquidity.

BNB is again approaching its long term highs, which presents a potential opportunity for us to secure the longer term future of our project by converting an amount of our BNB to stable coin, if we can achieve a price above $650.

We currently hold approximately 1,150 BNB.

Crypto is highly speculative, but from an operational point of view, projects need funding to build & market their products and to manage their communities over the long term, in both Bull and Bear markets. Prudence is required with operational funds to ensure the continuation of a project.


The committee is committed to acting in accordance with the decisions of the DAO and will follow the outcome of the vote regarding the proposed actions. However, we cannot guarantee the swap price of any tokens due to factors beyond our control, including but not limited to the availability of team members, technical issues, price volatility, or other unforeseen circumstances.

Off-Chain Vote

Do Not Swap any BNB
37.98M ELG24.5%
Swap 50% of BNB (above $650)
59.31M ELG38.3%
Swap 100% of BNB (above $650)
57.73M ELG37.2%
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Timeline

Nov 26, 2024Proposal created
Nov 26, 2024Proposal vote started
Nov 29, 2024Proposal vote ended
Apr 19, 2025Proposal updated