Use Treasury funds to buy Glitch & Sclaps' XAUUSD Daytrading EA, available for 2+ primapes holders

As discussed in #proposal-ideas, Glitch and Scalps have developed an EA trading bot that generates passive earnings of 6-10% monthly. The strategy has undergone two years of backtesting, based on a trading model inspired by one of their partner's father, a German hedge fund manager.

PROPOSAL:

Purchase of the EA, along with all future upgrades, for $8,000 and an additional requirement of 6 primapes. The EA would be accessible to everyone holding 2 or more primapes NFTs. This offer stands as highly reasonable, especially when compared to the prices of other EA products on the market offering similar high yields. Primapes holders who have already paid a monthly subscription of the XAUUSD EA, will be refunded their initial investment.

The promotion of this EA on various platforms such as MQL (Metatrader marketplace) and social media is a significant opportunity for the DAO, as this move will solidify our position as a leading alpha group and attract more investors.

Another aspect of this proposal involves Scalps directly managing a few funded accounts for the DAO's treasury. He will use a strategy based on indices and take the trades he already shares within his own corner on the server. This initiative could be a substantial win for our treasury, given Scalps's track record, enabling us to quickly recoup the funds used for the EA purchase.

TECHNICAL DETAILS:

The EA is compatible with MT5 through NovaFunding, a trading platform where you can purchase multiple funded accounts with the following options:

• $25,000 funded account for $297
• $50,000 for $397
• $100,000 for $597
• $200,000 for $997 (all one-time fees)

Before gaining access to the EA, you'll need to pass an evaluation phase, which Scalps's bot will handle within two days. Once you complete the evaluation phase, Scalps will configure the data in MT5, and you'll be able to enable the EA by following these instructions: file:///data/Downloads/XAUUSD_Daytrading_EA_1_1.pdf

NovaFunding does charge a commission, with rates of 50% on the first payout, 30% on the second, and 20% on each subsequent payout. Considering the price of a funded account, a 20% commission is still quite attractive, given the EA's potential return on investment.

Before casting your vote, it's important to note that NovaFunding currently does not accept traders from Cuba, Iran, Lebanon, Syria, North Korea, Libya, Sudan, and Somalia due to U.S. government restrictions. Additionally, in order to withdraw your funds, primarily in cryptocurrency, you must undergo KYC verification.