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RevaultRevaultby0xc55b19b582ae5121ac9D5a51AbfaBfbe188169940xc55b…6994

Strategic Partnership financing round for R&D, Marketing and Business Development

Voting ended over 4 years agoSucceeded

In order to keep and maintain Revault’s excellent growth rate, and in order to expose Revault to new communities executing Revault’s go-to-market strategy, we need to fortify the foundation’s 2022 annual budget by at least 1.25M$ for the following purposes:

$500,000 - Massive business development and marketing campaigns, for reaching new communities and top-tier CEX listing.

$750,000 - For salaries of the current team of 12 plus future recruitments for the next 12 months.

The easiest way to secure Revault’s 2022 budget, will be to finance these activities by paying vendors with $REVA directly from the project Treasury. Although such action fulfills the purpose of the Treasury, we believe that by doing so at this point in time, our $REVA might end up in weak hands who might be tempted to immediately sell them, jeopardizing the stability of the project.

Therefore, we believe it will be beneficial to publicly call for strategic diamond hands bids, offering an OTC deal from the Treasury with the following terms:

$REVAs will be sold with a maximum discount rate of 15%

Purchased $REVAs will be subject to at least 90 days lock

All bidders will need to present a robust plan showing how they intend to contribute to the development of the project

Revault team core members will compare all bids, and choose the one that is most beneficial to the project, taking into consideration every one of the auction requirements presented above.

Off-Chain Vote

FOR
343.53K 84.5%
AGAINST
62.92K 15.5%
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Timeline

Nov 15, 2021Proposal created
Nov 15, 2021Proposal vote started
Nov 18, 2021Proposal vote ended
Oct 26, 2023Proposal updated