MIP-14 Counterproposal to MIP-13

In light of the recently passed proposal (MIP-13), the Merit Circle DAO is obliged to renegotiate the terms of the financial agreements made between the DAO and Yield Guild Games.

This proposal votes on the following;

• The Merit Circle DAO buys out the YGG and Nifty Fund allocation, a total of 5,468,750 $MC tokens at 0.32$. For a total of $1,750,000 USDC.

• A legal agreement will be signed, enforcing the buy-out offer legally and protecting both sides against future litigation.

Do you agree with the above proposal, yes or no?

Full discussion can be found here; https://gov.meritcircle.io/t/mip-14-counterproposal-to-mip-13/

Reminder In MIP-13 - a three-month cooling off period for proposals that involve a change of token economics or current agreements. This will give us time to come up with improvements to the governance framework.