As both the redeployment of the $XTM token contract and the distribution of the redeployed $XTM token have been successfully completed, we are presented with a unique and consequential opportunity to shape the future of our community and Torum. Today, we come before you not just as a team but as fellow stakeholders and believers in our shared mission.

We are here to discuss a matter that concerns not only the technical aspects of our project but the very values that bind us. We present the opportunity for Torum DAO members to exercise your voices and take a stand against a wrong that has been committed within our community. The issue at hand is the exclusion of certain of Torum's existing venture capital firms from receiving their allocation of the redeployed $XTM.

The facts paint a disheartening picture. A total of 66,690,000 $XTM at an average cost price of 0.015 to 0.03 USD per $XTM was generously allocated to 29 venture capital firms. We trusted them with a significant stake in our project, believing in their promises to support and build value within Torum. Our relationship with these VCs was not confined to mere contractual obligations; we sought their guidance, wisdom, and partnership. Throughout our time building Torum, we reached out to them on multiple occasions, seeking assistance in terms of marketing and advice, but were mostly ignored. Our earnest attempts to collaborate were met with silence, leaving us feeling not just disappointed but betrayed.

Sadly, our trust was not rewarded. Of that amount, only 19,831,384 $XTM remains, with the rest sold off by these VCs for pure profit almost immediately or subsequently upon the $XTM being emitted to their on-chain wallets, without regard for the consequences. This has led to multiple huge sell-offs of nearly 70.26% of the $XTM ever since the tokens have been fully distributed to them and a significant devaluation of $XTM, hurting not only our project's potential but causing direct financial harm to our loyal Landers and $XTM holders. The 46,858,616 $XTM that was previously sold represents roughly 20.77% of the current circulating supply of $XTM (225,550,389.90721 $XTM). It is important to note that all the VCs have already exited at an enormous gain on their initial investment.

The actions of these venture capital firms were not mistakes; they were deliberate choices driven by greed and short-sightedness. Their relentless selling led to stagnation and the eventual decline of $XTM price action. The betrayal runs deeper, with some VCs making false promises, steering us in the wrong direction, and remaining nonchalant during critical events such as the Poly Network exploit. Their conduct goes against everything we stand for and must not go unchallenged.

We understand the pain and frustration that this has caused within our community, and we share in the sense of betrayal. It's not just about numbers; it's about trust, integrity, and the future we are trying to build together.

Our proposal is to exclude a total of 9,456,431.11 redeployed $XTM from being distributed to certain venture capital firms whose actions have demonstrated a lack of alignment with our values. Instead, we propose that this amount be burned. This is not merely a technical adjustment; it's a step toward justice, transparency, and alignment with the true spirit of our community.

Please note that the names and on-chain addresses of the various venture capitals proposed to be excluded from the token redeployment are not disclosed due to privacy and confidentiality purposes.

=========== MOTIVATION

Fairness and Redistribution This action is taken to redirect resources that might otherwise go to potentially non-contributing VCs, toward benefiting the entire ecosystem and token holders. By burning the tokens, the proposal ensures that these resources are not disproportionately distributed to a select few but instead can benefit all stakeholders of Torum in terms of increased token value in the long term.

Transparency and Accountability By excluding certain venture capital firms that have exhibited nothing but greed and reckless disregard for the well-being of the Torum community, this proposal aims to hold them accountable for their deplorable actions. These VCs have not only failed to contribute meaningfully but have actively sought to cause irreversible damage through their selfish and short-sighted behavior. Their conduct reveals a complete absence of integrity, ethics, and alignment with the shared goals and values of the Torum ecosystem. This proposal serves as a resounding condemnation of their actions, sending an unequivocal message to future partners that such predatory practices will not be tolerated within Torum. It emphasizes the vital importance of transparent partnerships and the unyielding commitment of the Torum community to principles of fairness, trust, and mutual respect.

Sustainable Development By redistributing resources away from non-contributing VCs, the proposal aligns with a sustainable growth model that seeks to ensure long-term success rather than short-term gains. This move reinforces the idea that Torum is committed to genuine partnerships and growth that add value to the ecosystem.

Tokenomics Stability By burning the tokens instead of distributing them to certain venture capital firms known for reckless selling, this proposal actively works to maintain the stability and integrity of $XTM's market dynamics. In the short term, it prevents potential large sell-offs from these VCs, mitigating unnecessary volatility and preserving investor confidence. More critically, however, this action lays the foundation for sustained and robust growth in the value of $XTM over the long term. It communicates a commitment to strategic, responsible management of the token supply, aligning with the interests of genuine community members and long-term stakeholders. By permanently removing a portion of $XTM from circulation, the proposal increases scarcity, enhances tokenomics stability, and sets the stage for steady appreciation in the price of $XTM. It reflects a vision not just for immediate gains, but for a prosperous and resilient financial future for all $XTM holders.

=========== RISK ASSESSMENT

Risks of this proposal include:

Legal Challenges Excluding specific venture capital firms from the distribution of redeployed $XTM might lead to legal disputes. Understanding the legal ramifications of the exclusion is essential to mitigate this risk.

Reputational Damage The decision to exclude certain VCs could be perceived negatively by some in the market and the crypto community. It might raise questions about the organization's commitment to its agreements and partnerships, potentially harming Torum's reputation.

Strained Relationships with Other VCs The exclusion of some venture capital firms may create mistrust or concern among other existing or potential VCs and partners. They may question whether they could also be excluded in the future under similar circumstances, leading to hesitancy in forming or maintaining partnerships.

Market Perception and Volatility The decision to burn tokens and exclude VCs might lead to uncertainty or mixed perceptions in the market. If not communicated and handled carefully, this could result in volatility in the token's price.

Impact on Future Funding and Support The exclusion of certain VCs might limit Torum's options for future funding or support. Other VCs or potential partners might be reluctant to engage if they perceive a risk that they could be similarly excluded.

In considering this proposal, it will be essential for the Torum DAO as a whole to carefully weigh these risks against the potential benefits, and to develop strategies to mitigate or manage these risks where possible.

=========== SPECIFICATION

This proposal will grant Team Torum the discretion to send 9,456,431.11 of redeployed $XTM currently held in this address, 0xb90EF1Ebd3cBc99bEFCD74B08BA8918e2243488B to the burning address 0x000000000000000000000000000000000000dead on BNB Chain.

=========== EXECUTION PLAN

Upon the passing of this proposal, Team Torum will begin preparation on and execute the necessary transaction required to move and burn the 9,456,431.11 of redeployed $XTM currently held in this address, 0xb90EF1Ebd3cBc99bEFCD74B08BA8918e2243488B.

=========== Conclusion

The circumstances leading to this proposal serve as a profound lesson for Team Torum. The betrayal and actions of certain VCs have cast a shadow on our collaborative efforts, but they have also forged a resolute determination to uphold our shared values and principles.

This proposal is not just a reaction; it's a commitment to a higher standard. It emphasizes our dedication to transparency, accountability, fairness, and sustainable growth. As we move forward, the lesson learned will guide us in carefully evaluating the value that any venture capital will bring to Torum. More restrictions and rigorous due diligence will be implemented before considering potential VCs to join us. The goal is not merely to grow but to grow right, with partners who align with our vision and commitment to the community.

Team Torum understands the gravity of this decision and the trust placed in us by our community. We will do our utmost to stand with the community to protect your best interests and to mitigate any negative impacts that the bad actors may bring.

Together, we are shaping not just the future of Torum but setting a standard for how genuine partnerships should function within the blockchain space. We invite you, the stakeholders and believers in Torum, to lend your voice to this important decision. Your support and participation will be a testament to the resilience, integrity, and vision of the community we are building.

This is a defining moment for Torum. Together, we will ensure that it is also a defining success.