2024 Direct Management

I can't find the wallet address for the multi-signatory wallet, but it seems like we have ~$250,000 in funds. One of the issues we face is that despite tons of hours of work and dedication from the leaders there is not a large number of active community members. If community members are not going to be active the idea of voting on each trade doesn't really work. Instead of voting on every trade let's place the trading decisions in the hands of one member that we vote on annually.

1. Run a 30 to 45 day paper trading competition to determine who will manage the funds for 2024.
2. Provide an update on the trades, risk metrics, etc of those who participated in the paper trading so that we can vote between the top 2 returning paper trade portfolios on who will run the portfolio (PM) for the remainder of 2024.
3. PM makes trade decisions, multi-sig wallet retains control of assets and executes trades.
4. Incentivize risk taking - At year end 5% of profits multiplied by the percentage return of the portfolio go to the PM via USDC to a wallet of their choice (for example if PM gets a 100% return they get 5% of the profit (5%=100% x 5%), and if the PM gets a 800% return they get 40% of the profit (40%=5% x 800%).
5. 20% of remaining profits after the PM fee are distributed to Chad holders. For example starting portfolio is $250,000 USD and PM grows it to $1M then PM fee is 15% of $750,000 which is $112,500 leaving $637,500 in profit. $137,500 is distributed to equally to each Chad holder and remaining added to portfolio for next years PM.
6. PM will be responsible for creating a public portfolio and WSC leaders will provide multi-sig wallet address so that we can verify performance.

Portfolio Restrictions:

• All funds stay in the multi-sig wallet so all transactions are done through DEXs.
• Minimum holding period is 3 days for a trade (given PM will require multi-sig to execute the trades intraday trades won't work)
• Maximum of 10% allocation to each holding
• At least 30% of holdings in coins that have a market cap over $1 billion USD (fully diluted market cap on Coin Market Cap)
• Maximum of 10% allocation to coins with market cap under $100 million USD (fully diluted market cap on Coin Market Cap)
• Maximum of 5% portfolio allocation to a position that has been trading under 365 days (trying to avoid PM creating scam coins and rugging by buying those coins)
• At any time a vote can change any terms of the above (restrictions on PM, remove PM, close position, etc). If there is a drawdown in the portfolio of 20% a vote goes up to remove the PM.