Should JungleBay Treasury acquire Otherdeed for Otherside Land?
Prior to there being any concrete news from the yuga team on how ‘Otherdeed for Otherside’ Land will be utilized, we believe there is an opportune window.
We propose that the Yuga team will likely build value that will exceed current levels, the Land is behaving similarly to how Mutants did in the 3 ETH floor range for a while following their post reveal dip.
Being that JungleBay already has a sizeable investment in $APE, it makes sense that we also acquire the affiliate project that will likely provide $APE with the most utility.
Yuga’s track record for creating value for holders speaks for itself; they’ve done over $450m in volume in 6 days with this most recent collection launch.
Level of our investment:
Off-Chain Vote
Floor (2.5 ETH - 6 ETH)
130 JBAC13.6%
Mid range (6.5 ETH - 10 ETH)
694 JBAC72.7%
High range (11 ETH - 19)
112 JBAC11.7%
No, don’t make this purchase
18 JBAC1.9%
Timeline
May 10, 2022Proposal created
May 10, 2022Proposal vote started
May 13, 2022Proposal vote ended
Oct 26, 2023Proposal updated