XIP-003: Unlock Fundings

Since the beginning of the DAO’s formation, all operations have been funded personally by the team members, with a belief that EXODIA will be the future of Fantom. Coming into 2022, it is time for EXODIA to begin its march to become The Decentralized Reserve Currency of Fantom.

Operation: Funding non-recurring expenses To accomplish this, the DAO is proposing an OTC transaction of 30K DAI from the treasury for 115 EXOD worth $30k at the backing price(260$) from the DAO wallet. The EXOD acquired by the treasury will be burned. This a non-recurring, one-time proposal for capital to continue innovative development at EXODIA. We also request a transfer for an additional 100 EXOD from the DAO Wallet, which is solely dedicated to funding other expenses and giveaways to community contributors. Funding will be used in several areas to begin the growth of EXODIA, such as:

• Development: Supporting ongoing development within the EXODIA Ecosystem. Proposed Expenditure: $25K.

• Current Development Projects: • Liquid Lock Staking • NFTs • Governance Token • UX/UI Consistent Updates • Oracle Integrations

• Marketing: It is time to embark on a multi-faceted marketing campaign to increase exposure to EXOD. While we understand that education and innovation are the foundations of EXODIA we also realize that a marketing budget is necessary to achieve the success and goals for the future. Proposed Expenditure: $25k.

These Marketing campaigns will focus on: • Education -25% • Contests -20% • Paid Marketing -25% • Giveaways -20% • The Chaos Army -10%

• Operations: Funding to enable the DAO to operate daily operations

Proposed Expenditure: $20k in EXOD This will be a recurring Monthly Transfer to maintain the operations of the DAO.

Monthly Expenditures includes: • Compensation for Core Team Members – $10k Paid in EXOD • One-Time Payment for Development Services Rendered: 15 EXOD • Strategic Partnerships • Core Operating Costs

With the innovations currently in development and the beginning of new year, we feel this is the prime opportunity to begin setting EXODIA up for success.

The funds will be transferred from the DAO wallet protected by our guardians to the team MS. You can learn more about our MS in our docs: https://docs.exodia.finance/ecosystem/multi-signatures.

If you have any questions, please refer to telegram or discord and contact a team member!