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Moshi MochiMoshi Mochiby0x63748140C409b490952c37daE5a60715Bf9151290x6374…5129

Proposal #3: Allocate funds to $APE to participate in Yuga ecosystem

Voting ended almost 4 years agoSucceeded

Abstract: As Yuga Labs continues to capture further NFT market share as they develop "The Other Side", Moshi Mochi sees an opportunity in gaining exposure to the Yuga ecosystem. The initial Land Sale drop will enable willing projects to participate in a rapidly growing Metaverse. While not all Moshi Mochi holders have the means to participate in the Yuga ecosystem at an individual level, we feel that leveraging community funds will benefits our holders as they will receive access to a gated and sought after product. The first step to achieve this is acquiring $APE coin.

Proposal: Authorize the community wallet to invest up to 10 ETH into $APE coin. The total $APE allocation will be distributed using the following method:

  1. 50% of investment to the initial Yuga Land Sale to gain exposure to "The Other Side" Metaverse
  2. 50% of investment in $APE reserves for future Yuga announced utility/land builder budget.

All prior committed Metaverse investments (WorldWideWebb) will still be proceeded with as these are short-term utilities that we are excited to continue exploring. Long-term, the Yuga ecosystem based on the recent round of funding is positioned to prosper and Moshi Mochi will have a jumpstart on building out utility based on Yuga's developments.

Off-Chain Vote

Invest 10 ETH into $APE
447 93.1%
Invest 5 ETH into $APE
8 1.7%
Do not authorize investment
25 5.2%
Download mobile app to vote

Timeline

Mar 27, 2022Proposal created
Mar 27, 2022Proposal vote started
Mar 30, 2022Proposal vote ended
Oct 26, 2023Proposal updated