Proposal 86: Re-Open Mint

When: June 15, 2022 - June 22, 2022 (one week minting window)

Mint Price: 0.21 ETH per ReidarDAO token

Why: After the recent punk purchase (LFG!) - and despite the passing of Proposal 85 - the DAO will be left with very limited liquidity heading into the second half of 2022. Irrespective of further disposition of non-core assets, it would be in the best interest of the DAO to re-open the mint to further solidify it's available investment capital. A more robust treasury would be beneficial whether the market trends down from here (and we can pickup long term assets at further depressed prices) or we enter a summer bull run (and we can capitalize on more short-term swing trades in size). There has been interest shown in the past for purchasing of additional tokens, so this would be a great opportunity for members to shore up their desired positions in the DAO.

The proposed mint price of 0.21 ETH per token is consistent with the last funding round. The mint price is non-dilutive to the last round and within a reasonable range to our current FMV. Individual ownerships caps will apply as per our standard operating agreement.