Alright - so first of all, whomever wrote the stock buyback proposal, thank you and fuck you, because my idea is almost the same, but you did an amazing job of explaining the fundamentals of how this proposal is intended. For those of you who have not already read that proposal and want more information on the concept of stock buybacks, give the proposal a read.
The core concept of this proposal is that we do a stock buyback, buying 1ETH worth of Chads off the floor. As mentioned in the other proposal, this has a number of benefits:
However, THIS PROPOSAL HAS A TWIST (that may or may not be allowed, sorry Johnny Boy), I am suggesting that immediately before we sweep the floor, we take a snapshot of current holders. However many chads we take off the floor, we redistribute to our chad holders, with each unique wallet address being an entry to give our single chad holders an actual chance. The snapshot would need to be taken BEFORE floor is swept, so even if yours is bought, you would still have the ability to get one back - if you could vote on this proposal, you should have the ability to benefit. This change does mean a few things:
When to execute: ASAP After proposal is approved
When to sell: N/A - Chads 4 Chads
What to do with Profits: All secondary sales, keep on keeping on.
Lastly: Clearly I am not doing this for the 5% payout on success - this is purely a corp positive play in my mind. If successful, we could potentially do this same concept again in the future to continue to weed out paperhands and reward holders.