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MutantCats DAOMutantCats DAOby0xD2AE149dA9445d6476EA5d119410267dcE038a08yakuzah.eth

Should we sell 190 cats?

Voting ended over 3 years agoSucceeded

We’ve been approached with an interesting proposal that we would like to share with the community and ultimately put up for a vote. The team has been in conversations with an independent investor that is involved in one of the biggest Web3/Gaming companies in the world. This person is excited with the direction we are taking with IP creation and the project in general and has inquired about buying a sizable allotment of cats from the DAO treasury. He has also committed verbally to not list any cats in the near term while we work on building the project. This relationship could have the opportunity to open some interesting doors for our IP and the DAO in general. The current details of the offer are as follows…

  • The DAO treasury would sell 190 cats to this member at a price of .16 ETH per cat for a total of 30.4 ETH.
  • The DAO purchased those cats in our buyback program at an average cost of .15 ETH.
  • This would net a total profit of 3.4 ETH including the royalties made on the initial purchases.
  • The DAO would use the proceeds of the sale to continue to fund the buyback program providing more liquidity to floor and generate more royalties for the treasury.
  • The DAO would gain a beneficial whale/investor relationship that could be leveraged for future connections, partnerships and potential collaborations.

Off-Chain Vote

YES
779 MUTCATS 97.5%
NO
20 MUTCATS 2.5%
Download mobile app to vote

Timeline

Sep 22, 2022Proposal created
Sep 22, 2022Proposal vote started
Sep 24, 2022Proposal vote ended
May 12, 2025Proposal updated