Invest 1 ETH from treasury for Lexer Markets private sale + conduct a group raise to reach $10k minimum.

Lexer Markets is conducting a private sale and is requiring a $10k minimum investment. I'm proposing we allocate 1 ETH (subject to change) from our treasury and conduct a community raise to hit the $10k minimum.

Lexer is a decentralized perpetual and spot exchange offering a hybrid liquidity mechanism to enable trading for a vast range of markets. These markets include Crypto, Forex, NFT derivatives, commodity and equity indices. Lexer uses a smart router and oracle based settlement algorithm to match trades. Certain trades will flow to different liquidity pools depending on the asset being traded. Combining these liquidity sources allows Lexer to offer a diverse set of products for traders.

Twitter: https://twitter.com/LexerMarkets Website: https://lexer.markets/ Docs: https://docs.lexer.markets/lexer/overview Pitch Deck: https://docsend.com/view/abc5554ukiu8vn5i

Alpha Report: Lexer Markets: https://mirror.xyz/primapes.eth/Fy2OncfdpUJCRMTs_GBoBEMfxi0C6DRrrH6kTbcHWM0

Tokenomics spreadsheet: SHARED IN DISCORD PROPOSAL DISCUSSION

The private sale price is $0.01 per token and $LEX tokens purchased from this private sale will be 10% unlocked and the other 90% on an 18 month vesting period!

The PrimapesDAO treasury will hold all $LEX tokens received until they have been fully vested and the DAO will decide what to do after the full vesting period. Lexer Markets plans to launch their product first and projects $1 Billion in trading volume, then they will conduct a public sale @ $0.015 per token, 30% unlocked and 70% on a 24 month vesting period.

At launch, the FDV market cap is projected to be $15m-$20m, and a circulating market cap of $900k.

If this proposal passes we will invest 1 ETH (or more/less if discussed otherwise) and proceed to conduct a community raise to reach the minimum $10k. If we are unable to raise the minimum $10k, this proposal is VOID and we will not be investing in the Lexer Markets private sale.

If we successfully raise $10k+ we will discuss the best course of action to distribute tokens proportionate to your contribution.