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JUL DAOJUL DAOby0x7A0e07F5235DEaF86d781EFb22584cFC14a26850juldao.eth

Token release for Liquidity Provision, Exchange Listings and OTC

Voting ended about 2 years agoSucceeded

This proposal seeks the approval of the JulSwap DAO community to release a total of 80 million tokens from the DAO pool. This action is critical for enhancing liquidity provision on exchanges, Exchange Listings and facilitating Over-the-Counter (OTC) deals, which are essential for the project's funding and growth.

Details of the Proposal Total Amount for Release: 80 million tokens Immediate Withdrawal: 55 million tokens Reserved in Contract: 25 million tokens (to be utilized when necessary for rapid response in market opportunities)

Purpose of the Token Release

  • Exchange Listings: To list our token on new exchanges, improving accessibility and visibility in the market.
  • Exchange Liquidity: To provide sufficient liquidity on exchanges, ensuring smooth and efficient trading for our token.
  • OTC Deals: To facilitate OTC transactions, which are crucial for raising funds and expanding our investor base.

Justification

  • Alignment with Industry Standards: Allocating 10% of the total supply for liquidity and OTC deals aligns with common practices in the industry, balancing the need for liquidity with the overall token economy's health.
  • Enhancing Market Stability: This provision will help stabilize the token's market presence, benefiting all stakeholders in the long run.
  • Supporting Growth and Development: The funds raised through these initiatives will be directly reinvested into the project, fueling further development, marketing, and expansion efforts.

Implementation Plan Upon approval, we will immediately withdraw 55 million tokens for the aforementioned purposes.

The remaining 25 million tokens will remain in the DAO contract, ready for expedited release should opportunities arise that require swift action.

Conclusion We firmly believe that this proposal serves the best interest of the JulSwap community by ensuring the token's robust presence in the market and securing necessary funding for future endeavors. We look forward to your support and active participation in this decision.

Off-Chain Vote

Approve
101.41M JULD99.2%
Decline
767.29K JULD0.8%
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Timeline

Jan 04, 2024Proposal created
Jan 04, 2024Proposal vote started
Jan 07, 2024Proposal vote ended
Mar 23, 2024Proposal updated