#81 Buyout & Free Staking Boosters

Proposal to execute a complete one-time buyout of 3 investor groups holding a significant portion of the token supply and provide free 10x staking boosters to all NFT holders.

Motivation

The community requested broader supply distribution, increased decentralization, a greater proportional share of the treasury, free 10x boosters, and more. After weeks of consultation with the community and early investors, this proposal will honor these requests.

How It Works

• One-time buyout of 100% of early investors' token supply and NFTs with their NFTs permanently burned,

• In return, the investors receive the reserve assets and 511,500 USDT,

• Their tokens will be placed in a ‘discounted token pool’ where the community can buy them for the discounted price of ~0.06 USDT; the community pool sale ends 7 days before the April halving event; any remaining tokens at the time of the halving will be recycled with 80% going to the staking pool, 10% burned, 5% to ISA rewards, and 5% to the DAO vault.

• The formula determining the discounted token price will be the ‘USDT value of reserve assets divided by the number of investor tokens’ at the time of the transaction. Early investors' boosted tokens will not be purchased; they will go to the staking pool for the benefit of all stakers,

• Tokens purchased from the pool vest for 180 days from the time of purchase and released in 10 equal tranches every 30 days,

• Buying discounted tokens from the pool will count towards ISA and ISA+ cycle qualifications,

• All community NFTs will have the ability to activate one free 10x booster per NFT, and anyone who previously purchased a booster can opt for a full USDT refund and rescind their boosted staking rewards,

• Booster refunds are expected to be available to claim at least two weeks before the discounted token sale ends. In the unlikely event that the pool is empty before the refund is issued, an additional pool from the vault will be made available for anyone unable to exchange their USDT refund value for discounted tokens,

• All Web3 assets, like Big Time, The Sandbox, etc., stay with the DAO.

NFT Token Pool Caps

To mitigate the possibility that anyone could accumulate a disproportionate number of discounted tokens and to support greater token distribution and decentralization, the maximum number of discounted tokens purchased from the pool will be capped based on the NFT level.

NFT Level – Maximum Number of Discounted Tokens

NFT 1 – 2,273 Tokens NFT 2 – 9,091 Tokens NFT 3 – 26,515 Tokens NFT 4 – 68,182 Tokens NFT 5 – 187,879 Tokens NFT 6 – 334,091 Tokens NFT 7 – 481,061 Tokens NFT 8 – 772,727 Tokens NFT 9 – 774,242 Tokens NFT 10 – 775,000 Tokens

Vote Discussion

Join the discussion on this proposal in the MetFi DAO Discord #vote-discussion channel. Full details of this proposal are available on our Telegram channel.

Vote All the steps outlined above will be executed if the community approves this proposal with a FOR vote.

Please vote FOR to approve this proposal or AGAINST to block this proposal.