• © Goverland Inc. 2026
  • v1.0.1
  • Privacy Policy
  • Terms of Use
PixelSweeperPixelSweeperby0x567C3Cf5A14AA2E8a32589FE3eA38C66807560260x567C…6026

Sell Squad tokens on Treasury -Trigger

Voting ended almost 2 years agoSucceeded

Pixelsweepers is committed to ensuring the long-term health and growth of its treasury, seeking sustainability and value appreciation for its community members. Through this DAO proposal, we address concerns surrounding SquadSwap and propose strategic actions to mitigate risks and optimize treasury management.

Concerns:

  1. Inflation Factor: Inflationary pressures stemming from farms and Squad airdrops pose a challenge to the treasury's purchasing power.
  2. Sell Pressure: Airdrops to Squad holders may result in increased sell pressure, potentially impacting the market price of the token.
  3. Low Liquidity: Insufficient liquidity, notably evidenced by the current 60 BNB LP, is inadequate given the project's market capitalization.
  4. Limited Volume and Growth: The token experiences low trading volume and slower growth, signaling potential issues with market interest and adoption.

Proposed Actions:

Considering the aforementioned concerns, the following actions are proposed:

Reducing Position on Squad Tokens: The DAO will decide whether to decrease the treasury's position on Squad tokens. Funds generated from this action will be redirected towards staking BNB on validators, enhancing revenue streams and decentralization efforts.

Threshold Implementation: Establishing a threshold for selling Squad tokens within a specific market capitalization range (e.g., 3.5 - 5 million MC) ensures disciplined treasury management, preventing hasty decisions driven by short-term market fluctuations.

Voting Process:

This proposal will undergo a two-stage voting process:

Stage 1: Members will vote "Yes" or "No" on the proposal. If the proposal receives majority approval, it proceeds to the next stage.

Stage 2: In the event of a "Yes" vote, subsequent voting will determine the extent of the reduction in Squad token position. Members will choose from predefined options, reflecting varying degrees of reduction. So for Stage 1 Shoukd Pixel Sweeper treasury sell Squads token?

Off-Chain Vote

Yes
66.42K SWPR-S5.5%
No
1.14M SWPR-S94.5%
Download mobile app to vote

Timeline

Feb 09, 2024Proposal created
Feb 09, 2024Proposal vote started
Feb 16, 2024Proposal vote ended
Feb 16, 2024Proposal updated