Tokenomics WG proposes to mint an additional 10% new vested VITA for new strategic contributors.

Motivation

VitaDAO's community has been approached by many mission-aligned and strategic institutional biotech and web3 entities. Purchasing VITA on DEXs is impossible for these entities or in this volume. Working group members believe it would be beneficial to grow the DAO treasury and include these entities.

Specification

We propose to split this decision into multiple proposals.

Decision in VDP-11: Does VitaDAO want to mint an additional 10% of tokens, bringing total circulating supply to 40%?

Implementation

In a first step, these tokens would be transferred to a ringfenced multisig, with its sole purpose to enable treasury growing transactions with entities approved by VITA holders.

Once this decision is made, working group members and VitaDAO community could engage those entities and 1) prepare an institutional raise and 2) prepare a whitelisted on-chain auction. In either case, we propose these newly issued tokens are vesting. If the decision is no then the DAO expends no further energy here and we continue as is.

More info and discussion on potential next steps that are beyond the scope of VDP-11 and not part of this proposal.

Vitalians sit at the helm of a global neo-longevity renaissance - within months, our network has attracted some of the brightest minds in the field and we are just beginning. With VDP-11, we seek to rapidly accelerate this progress.

For more information, please see the phase 2 proposal and discussion on Discourse.