[Temperature Check] HIP 2: Explore Private Sale Legal Options
Background
The Hop Foundation, based in the Cayman Islands, acts as a legal layer for Hop DAO and is bound to the will of HOP token holders as determined by token vote. The community has expressed interest in Hop DAO conducting a private sale of HOP which the foundation should document appropriately under Cayman law.
Proposal
Hop DAO authorizes the Hop Foundation to explore legal options and documentation so that should Hop DAO vote to conduct a private sale, the Hop Foundation is prepared from a legal perspective to execute it.
Motivation
Ensure the Hop Foundation is prepared if the Hop DAO elects to conduct a private sale of HOP.
Voting
Yes - Authorize Hop Foundation to explore private sale legal options
No - No action
Off-Chain Vote
Yes - Authorize Hop Foundation
13.29M HOP93.9%
No - No action
861.2K HOP6.1%
Quorum:4718%
Timeline
Jul 26, 2022Proposal created
Jul 26, 2022Proposal vote started
Jul 31, 2022Proposal vote ended
Nov 07, 2025Proposal updated