--See the Discord discussion for additional documents detailing this proposal. Because this proposal could conceivably impact equal to or greater than $7,777.77 worth of treasury investments, the measure will require a two-thirds-plus-one majority to pass.--
TOADAO First Bull Run Sales Scheme 2023
As everyone may know, we have 13,199 Chainlink Tokens in our reserves. We may have our own personal goals in terms of where we think the price may go, but in running a DAO we have to look out for the best interest of the TOADS and the future longevity of the growth trajectory of the project.
This proposal is for selling up to 50 percent of the DAO Chainlink tokens (6,599.5 LINK). I would like to stress that we will not sell more than 50 percent of the DAO funds, in case:
A. LINK continues to go higher in the near term. B. Chainlink is here to stay and holding on to 50 percent will allow our reserves to grow exponentially in the next 10 years.
What is the end goal of making these token sales?
Making these token sales will allow us to fund the future growth of the DAO. The generals have thought through this in depth and would like to, eventually, fund the work that is being done behind the scenes (i.e setting up spaces, campaigns, networking events, organizing and writing up proposals, LTOAD focused postmint campaigns where we can pay the NFT holders and much more).