Allocation of BNB Liquidity for Korra Application Development and Marketing

We propose the utilization of the BNB held in the Revault liquidity pool for the development and marketing of the Korra Application. With the impending redundancy of the REVA token, it is essential to strategically allocate resources to ensure the continued growth and success of our upcoming initiatives.

Current Liquidity Overview:

Total Liquidity Currently: Approximately $250k Privately Owned: Around $50k Available Liquidity for Allocation: $180-200k

BNB: $90-100k REVA: $90-100k

Proposal Details:

Post-snapshot, the REVA token will become redundant, and the liquidity will be removed to preserve the BNB. This will leave us with approximately $90-100k in BNB, which we propose to allocate as follows:

App Development: $40k Continued accelerated development of the Korra mobile application to ensure a robust, user-friendly platform that meets the needs of our community within the given roadmap.

Audit: $5k Comprehensive audit to ensure security and compliance.

Salaries: $30k Compensation for the team working on the development and marketing efforts to maintain momentum and attract additional talent for marketing and security.

Marketing: $15-25k Marketing initiatives for the Korra app, presale, and Initial Liquidity Offering (ILO). This includes digital marketing campaigns, community engagement, and promotional events.

Liquidity Replacement: The liquidity used from the BNB pool will be replenished through the upcoming Initial Liquidity Offering (ILO). This ensures that the funds are strategically utilized for development and marketing while maintaining the liquidity needed for the new token.

Rationale:

Preservation and Strategic Use of Funds: By reallocating the liquidity, we ensure that our funds are used efficiently to drive the growth of the Korra application and our new token initiatives.

Focused Development: A dedicated budget for app development and auditing will ensure that the Korra application is secure, reliable, and appealing to users.

Effective Marketing: Allocating a significant portion of the funds to marketing will help us reach a wider audience, driving adoption and engagement with the Korra platform and our new token.

Liquidity Assurance: The commitment to replenish the liquidity through the ILO provides financial stability and continuity for our project.

Utilizing the BNB from the liquidity pool for the development and marketing of the Korra application aligns with our strategic goals and ensures that we are well-positioned for the upcoming presale and ILO. We believe this proposal will enable us to maximize the potential of our resources, drive user engagement, and establish a strong foundation for future growth.

We seek approval from the Revault DAO to proceed with this allocation and look forward to your support in realizing the full potential of the Korra application.