[BIP-004] Investing 24.5 ETH into $MVI
Author(s): BuzzedMo Discussions-to: Sentiment Check: Investing 10% of funds into $MVI Created: August 30, 2021
Buzzed Summary
We invest 10% of our initial honeypot ETH (24.5) into $MVI, the Metaverse Index, from the Index Coop.
Abstract
This is a proposal suggesting that we put 10% of our initial capital (24.5 ETH) to work by investing it in $MVI, a market cap weighted index capturing the tokens of top metaverse projects.
Details about the index can be found here and here
Motivation
The Metaverse Index would give us broad exposure to the metaverse, and let us catch the upside of great work happening in NFTs, Gaming, and other metaverse categories with the benefit of being passive.
Specification Overview
We purchase $MVI tokens from Index Coop via minting directly on TokenSets
Rationale
We should generate returns for bear holders, otherwise why do we have such a treasury? We can passively invest in $MVI and capture upside from projects like Axie Infinity, Rarible, and Decentraland.
Copyright
Copyright and related rights waived via CC0.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x752a...B631A2 | 208 | yes |
 0x5379...e9E41D | 120 | yes |
 0xf1Fd...70957D | 90 | yes |
 0x54d8...Dd09E1 | 84 | yes |
 0xd93b...ACB66B | 76 | yes |
VOTE POWER
Proposal Status
- Fri September 10 2021, 04:00 pmVoting Period Starts
- Mon September 13 2021, 04:00 pmEnd Voting Period
Current Results
1-yes
1,402
2-no
12