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ReidarReidarby0x7a986b3e98A9cFCe38E2070ACC6b0e2ACeD31C91abeisr.eth

List Veefriends for Sale

Voting ended over 1 year agoFailed

This proposal would direct the multisig to list our Veefriends for sale for 5 $ETH for a three day period. If the NFT is not solid we would re-list it at 3.5 $ETH for another three day period. If the NFT is still not sold we will hold it until another proposal that says otherwise.

Why? We have an outstanding tax balance of approximately $12,500 and would like to take a capital loss in order to not be liable for taxes this year. The Veefriends thesis has not played out with little tangible value accruing to Veefriends NFTs. Since the NFT is significantly underwater we could realize a tax loss through it's sale.

Why this price? Deefins and I have looked through Opensea and I have reached out via the Veefriends discord about selling this NFT. Interest is limited and it seems like FMV for this NFT is 1.7-3 $ETH. Mike V from the DAO has also expressed interest in purchasing the NFT between 2-3 $ETH. Listing at the price proposed above would be to see if we could sell at a higher price than what we expect is FMV.

Potential Downside?

  • Perhaps we should save this tax loss for when we have a larger gain
  • Perhaps $PENGU will motivate Veefriends to release $VEE which could be very lucrative.

Off-Chain Vote

Yes
700 RDR97.8%
No
16 RDR2.2%
Abstain
0 RDR0%
Quorum:86%
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Timeline

Dec 16, 2024Proposal created
Dec 16, 2024Proposal vote started
Dec 17, 2024Proposal vote ended
Dec 20, 2025Proposal updated