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ReidarReidarby0xd165EcDE7e7825923c8A53CC0ce8f0D75E200dD0fantasticmrfox.eth

Buyout Kenshiro's 47 Reidar tokens at a 20% discount to FMV

Voting ended about 3 years agoSucceeded

Kenshiro asked to be bought out of Reidar nearly 2 months ago and has been very patient with us since. He has 47 tokens and been very accepting of delays where others would likely have grown impatient.

I conducted fair market value estimates of each of our assets and came to the following numbers. If there is no explanation for the valuation you can assume the floor price of the collection was taken.

BAYC = 84.5 ETH

CryptoPunk = 66.88 ETH

The Nakamoto = 95 ETH.

although this asset has a universal floor at 119 ETH, the recent sales in both the 50s and 70s (tax loss harvesting or not), as well as continued buying interest in the 80s and 90s suggested a reduction to 95 ETH. Koda (with Weapon) = 17.5 ETH

Charming Cheetah = 20 ETH

Given recent sales of similar characters it seems our cost basis of 20 has more or less held since we made this purchase. ETH in the treasury = 31.54

This gives us a total of 315.42 ETH. Divided by the number of active tokens in circulation, 1728 (1760 - 32), the value of one Reidar token comes out to 0.183 ETH. Multiplied by Kenshiro's 47 tokens is 8.57 ETH, less the 20% exit tax comes to 6.856 ETH.

Therefore, we'd be sending 6.856 ETH to Kenshiro

Off-Chain Vote

For
1.29K RDR98.5%
Against
0 RDR0%
Abstain
20 RDR1.5%
Quorum:159%
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Timeline

Jan 08, 2023Proposal created
Jan 08, 2023Proposal vote started
Jan 09, 2023Proposal vote ended
Dec 20, 2025Proposal updated