Blockzero Labs

EPOCH / FLASH • Blockzero Treasury’s EPOCH and FLASH tokens will be sent to a new “XIO Burn contract” developed by Moai Labs that will allow the burning of XIO to withdraw ~16mil EPOCH and ~22mil FLASH at a proportional rate.

USDC • Blockzero Treasury’s ~$19k USDC will be sent to Moai Labs for development and ongoing expenses.

XIO • Blockzero Treasury’s unallocated ~17mil XIO will be burned. ~10mil is allocated towards pending Core vesting and Avalanche XIO. Avalanche XIO not used for reimbursements will also be burned.

CRYPTONAUTS • Blockzero Treasury’s owned Cryptonaut NFTs will be burned and their vault’s XIO will be burned. • All other Cryptonaut NFT holders can optionally choose to burn their NFTs to redeem all underlying XIO in their vault, to use that XIO to participate in the XIO Burn contract. • To burn NFTs, go here: https://zero-gravity.blockzerolabs.io/ or use the withdrawAll function here: https://etherscan.io/address/0x6d9d87fd57fb8ae3bf005e564a950124fc83dd1a#writeContract#F3

XIO Burn Contract details: • This contract will be developed by Moai Labs. • This contract will have a cut off date of Dec 31st 2024, after which date XIO will no longer be burnable. After the cut off date: all remaining EPOCH will be burned and FLASH will be sent to the Flashstake Treasury. • The XIO circulating supply will be manually calculated and applied to the contract, hard setting the ratio. The circulating supply is anticipated to be calculated as follows: 100mil - [XIO at burn address] - [XIO associated with burned Cryptonauts vaults] - [Dropzero unclaimable XIO] • The ratio set for total EPOCH and FLASH received when burning XIO will be based on the above XIO circulating supply calculation relative to the amount of EPOCH and FLASH deposited into the contract. This ratio will remain constant.

In doing all of the above, Moai Labs will acquire all accounts and assets from Blockzero Labs.

All numbers provided in this proposal are ballpark estimates that could be more or less than final calculations. Final exact calculations will be completed by Moai Labs prior to executing the outcomes of this proposal. This proposal gives full ownership, control, and decision making power to Moai Labs to handle distributions and allocations of all tokens transferred to Moai Labs from the Blockzero Treasury.