CityDAO

Dear CityDAO Members,

I hope this message finds you well. We have actively participated in a very important voting process over the past week, and it is clear that CIP212 has received overwhelming support from all of us. Immediately after the official results are announced (15.05.2024), the following projects mentioned below should be terminated, and the funds allocated should be returned to the CityDAO treasury and, naturally, to the citizens of CityDAO.

Termination of the 3-Year Sponsorship Agreement for the RTM Project: The RTM project, which includes a three-year sponsorship agreement, should be terminated. (Approximately $10K)

Since the CityDAO hack, we have not been able to find transparent information on the progress of the project from the date we regained control of Discord until now.

Recovery of Funds Allocated to the t0wn Project: The funds allocated to the t0wn project should be recovered. (Approximately $70K)

The project Discord has been a platform where people greet each other since 04.07.2023. Additionally, the project’s X (Twitter) account posted its first and last tweet on 08.05.2023 and has shown no performance since then.

https://discord.com/invite/M2m3qCh3 https://twitter.com/T0WNorg/status/1633250591454396417

Therefore, all “unspent” funds allocated to the projects mentioned above should be returned to the treasury and, as specified in CIP212, returned to CityDAO citizens. Additionally, if these reimbursements are not made, a lawyer will be retained on behalf of CityDAO to pursue the necessary legal processes, and investigations will be promptly initiated.

Project Budget: $20,000: Legal payments will only be made if necessary. All required payments will be shared under this forum.

NOTE : Proposal owner DO NOT ask one single cent of the budget for himself. The budget will ONLY be used for legal processes IF needed. The remaining part of the budget will be returned to the treasury without being touched.

Best regards, sbalderson

Update : Adjusted the language as “unspent” funds. Update : Adjusted the language for budget in the NOTE section.