This proposal authorizes the transfer of ownership of the parent "Sigil Consulting DAO-LLC" to Fieldwork Holdings LLC, a holdings company, as the sole member and manager of the parent company to this DAO. Upon a successful vote in favor, Fieldwork Holdings LLC will assume control of all assets of Sigil Consulting DAO-LLC as a subsidiary thereof. Sigil Consulting DAO-LLC shall retain its legal designation as a unique entity and shall operate as a subsidiary of Fieldwork Holdings LLC. Fieldwork Holdings LLC will assume a majority stake in the Sigil DAO.
Additionally, this proposal authorizes a token derivative that will be required in all future proposals and voting structures. This new token will be represented by the $DSIGIL token tracker. Tokenomics will be announced separately from this proposal and $DSIGIL will be claimable by all active $SIGIL holders.
This proposal also authorizes a token burn of all treasury $SIGIL holdings to occur after the launch of $DSIGIL, no sooner than 14 days post launch and no later than 90 days post launch. This will provide all holder time to redeem their holdings for $DSIGIL.
This proposal also reallocates effective core membership as follows:
Treasury distributions to all members will reflect this once $DSIGIL is redeemable. The treasury holdings will not be reduced. Current treasury addresses will remain the same.