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
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- Author
0x126d…599B
- IPFS#QmSbLURk
- Voting Systemsingle-choice
- Start DateFeb 01, 2022
- End DateFeb 02, 2022
- Total Votes Cast60.85M
- Total Voters370
Timeline
- Feb 01, 2022Proposal created
- Feb 01, 2022Proposal vote started
- Feb 02, 2022Proposal vote ended
- Oct 26, 2023Proposal updated