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Founders DAOFounders DAOby0x3B53B4c8729e9b7BCFECF44a65339f69b9A0C6830x3B53…C683

Sell a portion of APE tokens for PVFD liquidity

Voting ended almost 4 years agoFailed

PVFD has claimed ~36K APE tokens.

At current prices, this is valued at ~$540K, or ~174 ETH.

I propose we sell a portion of this for much needed ETH liquidity to support different ventures for growth.

Thesis: These funds represent a very small amount of the overall portfolio, but the amount of potential positive marketing publicity we can use the ETH to provide the DAO far outweighs actual investment related use. As the FD now has an active Twitter account, portfolio actions are now being broadcasted and discussed. For example, say the FD purchases a new NFT with the funds (no matter the cost), it provides an opportunity for publicity and discussion on Twitter. As more active buys and sells occur (no matter the monetary amount), it showcases the DAO and markets to new potential members.

I am using tiered voting so we can vote on the portion to sell, if any: 0%, 25%, 50%, 75%, 100%.

Off-Chain Vote

Sell 25% of APE tokens for ETH
140 PVFD67%
Sell 50% of APE tokens for ETH
18 PVFD8.6%
Sell 75% of APE tokens for ETH
1 PVFD0.5%
Sell 100% of APE tokens for ETH
13 PVFD6.2%
Do NOT sell any APE tokens
37 PVFD17.7%
Quorum:43%
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Timeline

Apr 20, 2022Proposal created
Apr 22, 2022Proposal vote started
Apr 27, 2022Proposal vote ended
Oct 26, 2023Proposal updated