Make An “OTC” Deal Between “The Pond DAO” and “The Millenium Club DAO” Community

 Initiative of 2 respected members of the crypto community:

Walt_Crypto (twitter.com/walt_crypto) FieryDev (twitter.com/dev_enjoys)

Here are the terms for the deal:

The Millenium Club will invest 500,000$ worth of $CREDIT in exchange for 250,000 $POND (2$ per $POND) .

It was agreed that “The Millenium Club” will lock the 250,000 $POND in a smart contract for 6 months with the following unlock schedule:

1. 25% of the funds after 3 months
2. 25% of the funds after 4 months
3. 25% of the funds after 5 months
4. 25% of the funds after 6 months

The ownership of this contract is to be transferred to a wallet of FieryDevs choice. That wallet will be calling the “unlock vested funds” function.

The contract is to be written and tested by our developers.

When the contract is tested the funds are to be transferred and the deal will be officially sealed. The 500,000$ worth of $CREDIT will be transferred to The Ponds treasury and locked in the Revenant Protocol.

What are the benefits of agreeing to this OTC deal and what is in it for the frogs.

1. We are forming a partnership between 2 organizations (The Pond and The Millenium Club).

2.We are supporting a promising, new protocol. The deal is made and paid for in $CREDIT which is the governance token of the Revenant Team who are well respected developers on the Fantom Opera Network with a recently launched lending protocol and cUSD over collaterilized stablecoin (like Abracadabra). FieryDev and Walt_Crypto are both early supporters and great believers in this project.

For more info about Revenant Finance visit: https://revenant.finance/ https://twitter.com/RevenantFinance

3. The Pond gets a valuation of 500,000$ before going public. It is important to note that unlike in most OTC deals there are no discounts or bonuses involved. The price for this deal is set at 2$ which is higher than what participants of “Whitelist 1” (1$) and “Whitelist 2” (1.5$) will pay. Effectively it means that both whitelist participants already made profit from their investment without the project being live. (100% and 50% respectively).

Disclaimer: We don’t and won’t have any of control over the price when the public launch happens. We only have control over the rebase and issuance of the bonds. If everyone from the whitelists will sell, $POND will obviously go down in price. The only promise we have for the launch day is that the $CREDIT received from the OTC deal will be locked in the Revenant Protocol to earn staking and fee rewards for The Ponds DAO treasury and to secure governance votes for the future.

More info about “The Millenium Club”:

We are a fully functioning DAO which was started from the core in 2018, with no funding! Our team and members consist of professional Validators for all major networks! We specialize in joining networks at the earliest stage, mainly before launch and help during test-nets and proceed to invest (Presale) and transition into their main-net validators! The best part, the decentralized set of members are all given an equal opportunity to participate, be it pre-sales or validators!

For more info visit: Discord: https://discord.gg/UbWg5PD Twitter: https://twitter.com/MillenniumClub3

More info about “Creditum”:

Launched by the team at Revenant Finance on 8 January 2022, Creditum is a lending and borrowing protocol within the Fantom Ecosystem that allows users to borrow (or mint) cUSD, a stablecoin pegged at $ 1 USD, by posting different tokens as collateral. With access to cUSD, users are able to earn an annualized percentage yield (APY) on available farms to earn CREDIT and gain access to other benefits as future projects are launched. The Fantom network still lacks a functional native stablecoin. With cUSD, the Revenant Finance team hopes to fix that. Initially, cUSD has been released independently to prove its functionality can keep cUSD pegged at $ 1 USD. Eventually and with cooperation of the Fantom Foundation, cUSD will be able to migrate from the old fUSD to finally introduce a functional native stablecoin to the Fantom Ecosystem.

For more info visit Discord: https://discord.gg/ADNwetXqy8

Conclusion:

We hope it ‘s clear that the intrinsic value of this deal goes beyond the $500,000 that is exchanged and deposited in the wallet of both DAOs. We are establishing a long-term relationship between 3 big communities. All of this before even going public.

Join our discord to discuss the proposal: https://discord.com/invite/FrogNationDAO

We ask you to vote on this proposal. YES – Agree to the deal. NO – Cancel the deal.

Voting power with $Wagme, if you buy wagme after publication of this snapshot you cannot vote, and deadline Sunday 23 January 2022 at 12:00 PM