Aquire $00 tokens (P00LS) for the STARDUST DAO Treasury

Author: SOJU 💜 Date: June 21, 2024.

Outline: I am proposing that the STARDUST DAO Treasury exchange around 0.5%-1% of our $STARDUST token holdings for $00 tokens OTC with the P00LS DAO.

I believe that our first investment as a DAO Treasury outside of our own token should be the $00 token. STARDUST was created using the P00LS.io platform and tech, and for this reason it makes sense to invest in their token. This would also give our DAO voting power in the P00LS DAO, allowing us to have a say in shaping the platform.

This exchange would not occur until after $STARDUST liquidity pools are launched and trading has started - and by conducting an OTC trade with P00LS DAO, we can exchange tokens without affecting the current market prices.

I do not know if the P00LS DAO will accept this idea yet, and this proposal is only to measure interest from the STARDUST community. If passed, I will begin the process of contacting P00LS. Then we will have another snapshot vote to determine exactly how much $STARDUST to trade for $00.

$00 has historically underperformed the market, and is currently near an all-time-low. I believe this will change as the platform continues to expand its user-base and popularity. This gives us a gud opportunity to acquire tokens at a low cost.

$00 token CoinmarketCap link: https://coinmarketcap.com/currencies/00-token/

In the future, if the $00 token performs well, we can also sell some of the tokens for profit and use the funds to buyback $STARDUST.