PRTN Treasury Diversification Proposal

Below is a summary of the proposal, you can find more specifics, a full list of the investors, the rationale behind the fundraise and how it aligns with good growth in the full proposal

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Purpose:

This Protein Community treasury diversification is to cover all overheads for the next 6/9 months, build the good growth framework as well as funding our first pilot good growth projects. In addition, it will mean that the Protein Community will become financially independent from the Protein Mothership, giving full autonomy to our members as well as an important first step on our journey of progressive decentralisation.

Funding:

In this seed round, we are proposing to do a small treasury diversification to a maximum of $250,000 or 5% of total $PRTN supply at a total valuation of $5m.

Listed investors will delegate their votes in line with how the community votes e.g. if 80% vote yes and 20% vote no, then investor tokens will be voted with a 80-yes 20-no weighting.

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Proposal Timeline:

06.12.21 - Proposal shared with community 07.12.21 - Proposal feedback 08.12.21 - Proposal Snapshot opens at 12pm UTC (midday) 10.12.21 - Proposal Snapshot closes at 12pm UTC (midday) 10.12.21 - Mirror announcement at 2pm UTC