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GMFAMGMFAMby0xeB4FCf19eEE3F5c5d4306a291f50eDD2bDbF509a0xeB4F…509a

How much $GMFAM to burn and how much to keep for the DAO treasury

Voting ended over 1 year agoSucceeded

GM fam,

Congrats on the previous DAO Vote that was done. A part of the tokens will be kept for the treasury and a part of it will be burned. The treasury will be used for further development, growth & community.

Additional proposals will be created with your feedback and voted by you again in the coming days and weeks, being active on Discord and giving new ideas for the coming proposals are essential.

As the next step, the community should decide how much percentage of the total supply should be burned and how much of it should be kept.

For the part that is kept, there are several things that could be done, and all of them will be proposed one after another, the first step being bridging to Base.

Bridging to Base MEMEs on Base have been getting a lot of traction recently and it could really have a great impact for several other reasons:

  1. New ecosystem, new hodlers
  2. Low gas fees could allow us to run engagement campaigns on one of the questing platforms and distribute rewards in small portions to more people

One step at a time This new proposal is to decide how much of the treasury tokens to be burned initially. We could burn more $GMFAMs from the treasury as we achieve our goals one after another and realize that some tokens will not be needed anymore.

GMFAM belongs to the community now, it is you, the hodlers, that will shape the future of it.

Currently, the below two wallets combined hold 24,786,464,182,638 GMFAM tokens (24.79% of the total supply).

  1. 0x70fE91405E5E2E7512422D07E4D0EE9004292ba9
  2. 0x1b4831b9Af3599526A4ffE30b645CF3A986776CE

You can cast your vote according to one of the options below. The vote will run from May 27th, 4 PM UTC until June 2nd, 4 PM UTC.

  1. Burn 25%, keep 75%.
  2. Burn 50%, keep 50%.
  3. Burn 60%, keep 40%.
  4. Burn 75%, keep 25%

Off-Chain Vote

Burn 25% - Keep 75%
238.13B GMFAM8.2%
Burn 50% - Keep 50%
750.37B GMFAM25.8%
Burn 60% - Keep 40%
0 GMFAM0%
Burn 75% - Keep 25%
1.92T GMFAM66.1%
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Timeline

May 28, 2024Proposal created
May 28, 2024Proposal vote started
Jun 02, 2024Proposal vote ended
Jun 03, 2024Proposal updated