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The Mothership DAO (Gray Boys)The Mothership DAO (Gray Boys)by0x0079e4dA163826aDf8881768c1B12F7C3CD054390x0079…5439

Use first round of royalty funds to purchase floor priced GB's.

Voting ended about 4 years agoSucceeded

This would be a one time expenditure and not recurring. But as we have already done 190 ETH in sales and the DAO fund collections 2.5% in royalties from these sales we have approximately 4.75 ETH that will be distributed to the fund.

I propose to use this first round of royalty funds to sweep the GB floor and either burn them to reduce overall supply > increase relative value of all GB's.

Or hold them in a "community chest" where they can be redistributed back into the population of GB holders via whatever means we see fit. Games, giveaways, etc.

Or finally we can hold them in the DAO for future use to be decided upon with an additional proposal.

Off-Chain Vote

Yes, burn the bought GB's
62 7%
Yes, Community Chest
506 57.2%
Yes, Hold in DAO
153 17.3%
No to all choices
163 18.4%
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Timeline

Dec 20, 2021Proposal created
Dec 20, 2021Proposal vote started
Dec 23, 2021Proposal vote ended
Oct 26, 2023Proposal updated