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Wall Street ChadsWall Street Chadsby0xc36fd5959275d956836e570eFF5F574EA529Bb610xc36f…Bb61

Chads 4 Chads

Voting ended about 4 years agoSucceeded

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:

  • Raises overall floor price and therefore secondary sales commission
  • Reduces paperhands

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:

  • The CORP wont actually own our investment, this will purely be for raising NFT value and secondary sales commissions
  • Everyone who votes on this has a chance for a "free" chad
  • Will potentially drive up desire as project has officially "paid out" to some holders already (while we wait for official dividends)

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.

Off-Chain Vote

For
20 6%
Against
292 88%
Abstain
20 6%
Download mobile app to vote

Timeline

Mar 12, 2022Proposal created
Mar 12, 2022Proposal vote started
Mar 16, 2022Proposal vote ended
Oct 26, 2023Proposal updated