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Rareships DAORareships DAOby0x25a2e1d2cCB83d29AfdEeCdaB21043D0427B2CC00x25a2…2CC0

Swap team tokens for ETH to be donated to RCF

Voting ended over 2 years agoSucceeded

Rareships DAO.png Severity Level: CRITICAL (requires min 333 ships out of min 33 wallets with supermajority approval of 66%)

Dear Nauts,

wanting to contribute to achieving our first “sustainable utility” use case for our ship holders, Rareships team is opting to stop distribution of remaining team tokens to team members effective immediately.

Instead, the remaining amount of team tokens is to be swapped on-chain into ETH and subsequently sent to RCF wallet 0x358d17C0B73AabFe4b7362c18E77BCC10C8B5b0d.

Currently the team wallet 0xA9Ee850074E9F5E67F98fd8861cD038012a411CA contains 800,000 Sama (Eth version).

In order to proceed with the operations proposed above, we need DAO approval to unvest the remaining team tokens.

For some context: Rareships team already donated 500,000 Sama after the mint sale to bootstrap RCF, with these additional 800,000 Sama this makes 1.3M Sama out of approx. 3M Sama raised.

Do you agree with the team token unvesting and subsequent swap?

Off-Chain Vote

YES
376 RSHPS100%
NO
0 RSHPS0%
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Timeline

Oct 03, 2023Proposal created
Oct 03, 2023Proposal vote started
Oct 05, 2023Proposal vote ended
Oct 26, 2023Proposal updated