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VaporFi LabsVaporFi Labsby0x126dbF19b085CC71dd4cA9282013aEfd6301599B0x126d…599B

Treasury Acquisition #9

Voting ended about 4 years agoSucceeded

Hey VapeArmy!

We’ve just concluded our first OTC deal. It’s not your normal type of OTC deal either. We’ve got a whale from Strong Nodes who is sending us 1000 $STRONG in exchange for nearly 6.8M $VPND to make a VaporNode.

The reason we’re making a proposal is because it involves a treasury investment.

The deal is worth nearly $500K at $STRONG’s current price.

Dumping Strong on the market would be a big dent to their price and would hurt both their community and ours as we’re deeply intertwined.

At the same time, because we’re going this route of exchange, liquidity, team, and treasury pool will not be filled by this volume.

So, we’re going to let you, the community decide.

1- Make 100 Strong nodes, use those rewards bi-weekly to fill liquidity, team, treasury buckets. Then use them for both-weekly buybacks. ($70K/bi weekly at current price)

2- Sell Strong and send funds to liquidity, team, treasury buckets

3-Sell 30% Strong, use distribution to liquidity, team, treasury buckets, node 70%

Off-Chain Vote

Option #1
40.79M 67%
Option #2
197.17K 0.3%
Option #3
19.86M 32.6%
Download mobile app to vote

Timeline

Feb 01, 2022Proposal created
Feb 01, 2022Proposal vote started
Feb 02, 2022Proposal vote ended
Oct 26, 2023Proposal updated