Proposal 155: Sell Up to 25 Reidar DAO Tokens from the DAO Treasury to Existing DAO Members

**Proposal 155: Sell Up to 25 Reidar DAO Tokens from the DAO Treasury to Existing DAO Members

This proposal would authorize the multisig to sell up to 25 Reidar DAO tokens to existing DAO members. All transactions would have to be completed within 48 hours of the passing of this proposal.

The following DAO members would be guaranteed the following allocations: Ser Elton - 10 Tokens Mike - 5 Tokens Jared - 2 Tokens

FMV Per Token: (calculation in discord): $393 $USDC. There would be no premium applied per token.

This leaves 8 tokens that other DAO members could purchase on a first come first serve basis. Transactions will work as follows: a DAO member will confirm the # of tokens they want to buy in the proposal channel (first come first serve) and will send the FMV of the total tokens they are buying in $USDC to the Reidar Vault: 0x3CC74D03Bfd87AF3bD48d9Ef886A052aAE0Fde7c Once receipt is confirmed, the multisig will send the commensurate amount of tokens to the address they provide in the channel.

Why? The DAO holds 103 Reidar tokens that were bought at a discount to FMV. The DAO is selling these tokens at FMV so is making the difference. Further, this enables the DAO to unlock some liquidity to deploy without selling off existing positions and incurring capital gains. This also enables existing members to deepen conviction and involvement in the DAO by having a larger stake in our organization.