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XFBOT Venture DAoXFBOT Venture DAoby0x06DBc2A657f7fEa67A89C7f267BFCc722E0144940x06DB…4494

Proposal on use of Reclaimed Rev Share

Voting ended over 2 years agoSucceeded

A proposition I would like team and community to consider:

The team are currently working to reclaim some unclaimed rev share from their dapp.

This will amount to several thousand $$$$’s.

Some of the community have expressed an interest in buying back the $XFBOT token.

I personally don’t see an upside in this course of action due to the wider market sentiment and current MC. I would actually suggest that action could be net negative as certain holders may choose to sell into that small pump causing no gain to the project or majority of community.

Since deployable funds are scarce atm I am suggesting the following:

50% of recovered funds are set aside for marketing the soon to launch XF Buy Bot 🤖. I would like the community to vote on this marketing strategy so we get a consensus on use of funds.

50% is used to invest into the latest private sale offering (soon to be announced). This project looks tremendous with serious potential of X’s. Of course it comes with risk but we could say these reclaimed funds didn’t ‘exist’ just a few days ago.

This project needs deployable funds ++ so a boost to the development / marketing treasury would be a great catalyst for moving the chart incrementally upwards in Q4.

I think investing in a solid project launch is a great way to reduce selling impact on XFBOT token and boost our chances of progression against a short term pump that would only provide exit liquidity to 1/2 investors.

Off-Chain Vote

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Timeline

Oct 04, 2023Proposal created
Oct 04, 2023Proposal vote started
Oct 04, 2023Proposal vote ended
Oct 26, 2023Proposal updated