The purpose of this proposal is to align the use of the Theopetra Dev Wallet, which holds 3,053,658.37 $THEO. The purpose of this wallet is to enable open-sourced bounties to push Theopetra into a complete & decentralized state.
In addition to bounties, an OTC structure is proposed for marketing partnerships.
Address of the Dev Wallet: eth:0x3A051657830B6baadD4523d35061A84eC7Ce636A
Anyone may participate in the bounties, including the core team.
Road Map Lock In
Between $1 - $2, the admin team will sell 500,000 $THEO OTC to lock in costs the rest of the road map for software dev, legal and CEX listings.
This sale will cover the following:
BORGxMetaLeX Legal Costs & Project Management
iBuyer Development
Front End Development
Additional Audits
CEX Listings
9 Way Partnership KOL OTC Deal
The main source of education in Web3 are influencers.
Partnerships are critical to fulfill Theopetra’s mission.
We propose an OTC deal out of the dev wallet for 3 key partnerships to help educate new users on Theopetra.
The proceeds from the OTC sale will fund 6 other partnerships.
Each one of the 3 partners will buy 100,000 $THEO at 4.75 Cents OTC, resulting in a sale of 300,000 $THEO out of the developer wallet.
This discount is a form of payment for partnerships that fully aligns them with Theopetra.
After interviewing 10+ partners, we’ve discovered that this is fairly standard for projects that are already released. This $THEO will not be vested or locked.
This style of agreement doesn’t pose a significant risk to the Theopetra ecosystem, as this is less than 1% of the total supply.
This sale will generate roughly 14,250 USDC, of which 100% of the funds will go towards 6 additional partnerships.
100% of these OTC transactions will be executed on chain & transparently for any community member to track/follow.
No bank wires or any other forms of payments will be utilized.
The USDC amount will fluctuate depending on the price of $THEO.