Gooooooood afternoon Chads and Chadettes!
I know we are only looking at ETH based tokens, but due to the recent popular spike in STEPN talk and discussions in the general channel I think we should seriously think this through. Our holy gorilla has been stuck in the basement coding away for too long to bring glory to the Corp, we need to free the beast and let him start STEPN on Wall Street's balls!
Proposal -
Approximately 1 ($1900) ETH/ 43 Solana
Strategy -
Corporate owned Phantom wallet held by JB and Silver Corporate owned e-mail to set up STEPN account STEPN Wallet Pin Code shared and held by JB and Silver
With 43 Solana we could look to potentially buy 3 floor jogger sneakers (mint level 2 or below) at around 11-12 Solana each leaving 10 Solana that we can choose to convert to a split of 75% GST (approx $2.30 per coin) and 25% GMT (approx $1.10 a coin) and use it to focus on upgrading the main sneaker to Level 19.
At Level 19, with 4 energy we will be earning approximately 27 ($62) GST per day after repairs for 20 minutes of walking. At this rate, we are looking at 31 days to pay off the initial investment if the coin doesn't recover to $4.50+ in the coming months and we will still have 3 sneakers to earn with daily.
We can vote monthly on reinvesting a parentage of earnings into the treasury, reinvesting in more trainers or holding the coins for another month in hope of an upward surge in price. Silver has volunteered to take part, and we can look to share the account potentially (location permitted) as there is a pin code between the access to the decentralised wallet and the STEPN app.
They are looking to release renting sneakers out with a 70/30 split in September and have a huge following so it makes sense to swoop up some bargain sneakers now and start stacking them ready for the big launch in 4 months.
Bear case (3 Sneakers) -
Coin drops to $1 - we will be earning $26 a day and $806 a month
Sideways (3 Sneakers) -
Coin sits at $2.30 - we will be earning $62 a day and $1925 a month
Bull case (3 Sneakers) -
Coin hits $5 - we will be earning $135 a day and $4185 a month
Obviously, we can push forth and stack up more sneakers and PUMP UP THEM ROOKIE NUMBERS!
But... this is a DAO for christ's sake so I'll let you guys choose ;)