Sunset Resolution

This proposal is a For or Against vote regarding if the KONG Land DAO should dissolve and return KONG Land Treasury funds to $CITIZENs. Each vote outcome will trigger a 2 week timeline to issue an additional proposal that will determine further details. This first proposal is solely on whether to dissolve or not.

Vote to Dissolve Passes If the vote for dissolution passes by a quorum of the $CITIZENs, a second proposal will be created that outlines the following:

• Method of distribution: Ex. Burn to claim, split distribution with costs covered by the treasury.

• Method of treasury allocation: Ex. Pro rata distribution of the treasury ETH to all its members, to those members who burn their tokens, and/or to senators and those who participated in previous Snapshot votes.

Vote for Dissolution Fails If the vote for dissolution fails by a quorum of the $CITIZENs, a second proposal will be created that outlines the following:

• Ragequit mechanism: Ex. Method for unhappy citizens to ragequit, burn their token, and take their pro rata share of the treasury.

• Mission refinement: Ex. Clear goals and a path forward established for the DAO, plans to use at least 60% of the treasury over the next 12 months towards KONG Lands mission, and/or a way to generate revenue for the DAO and the establishment of explicit metrics to evaluate success.

Unable to meet quorum In the event the vote cannot reach quorum, the DAO will be presupposed to have chosen dissolution, triggering liquidation with pro rata distribution of ETH to all $CITIZEN ERC-721s (e.g each ERC-721 of which 281 are outstanding as of July 12th would receive an equal share of treasury ETH).

*Note: Distribution to $CITIZENs in the event of dissolution is contingent on an ERC-721 and ERC-20 snapshot taken as of July 12th, 2025 (see below); new holders after these dates are not eligible for distribution.

In all cases (dissolution by choice, dissolution by default, continuation with ragequit) the only assets available for distribution from the treasury shall be (1) ETH directly stored in the KONG Land Treasury and (2) ETH in associated LP positions (e.g. CITIZEN/ETH).

In the event of dissolution, all other non-ETH assets (e.g. kong.eth ) will be returned to the original KONG Cash address, 0xAB35D3476251C6b614dC2eb36380D7AF1232D822. This address will bear the cost of providing any gas required to execute any subsequent asset transfers and may elect to leave assets (e.g. spam tokens) in the KONG Land treasury.

KONG Land Treasury - 0xbdC95cA05cC25342Ae9A96FB12Cbe937Efe2e28C

export-tokenholders-for-nft721-contract-0x355929193308e157760824ba860390924d77fab9 (2).pdf (235.5 KB)