Founders DAO

This is a follow-on proposal to the previous purchasing of Inhabitants. Due to the low price of Inhabitants, we will have quite a bit of ETH leftover. Further, we still have quite a bit of Yuga NFTs and APECOIN that we can sell for liquid ETH. As we have multiple % of the overall Inhabitants Planet distribution, we should ensure we have sufficient Inhabitants to support this ecosystem as well. 50 is only roughly 0.5%, and we should support this ecosystem further and win together with an additional purchase.

This proposal is to purchase an additional 50 Inhabitants, such that the total cost is not to exceed 40 ETH (0.8 per inhabitant average).

Purchasing Mechanics Current Language - Original proposal language does not provide details for purchasing mechanics. Update: A hot wallet will be set up by bennydlowkey#1164 which will be used by the IH purchasing committee (bennydlowkey#1164 & danielg#8576) to more easily make strategic purchases of IH’s without the need to use the multi-sig process for each transaction. Details of Mechanics: Hot wallet set up by bennydlowkey#1164 (0x1993f7392A94f15847D9c2881A590C8a2e1d55Bb.) Multi-sig team transfers 8 eth to newly created hot wallet. Purchasing committee uses funds to make IH purchases. IH’s will be transferred to the FD wallet immediately after purchase to ensure the lowest value in the hot wallet possible. When the hot wallet value falls below 3 eth, the multi-sig team will be notified by the purchasing committee and will send another 8 eth to the hot wallet. Process repeats until the specified amount of IH’s have been purchased. When complete, the remaining hot wallet funds will be sent back to the FD wallet. Purpose: Purchasing IH’s from a hot wallet provides the best opportunity to get the best value by eliminating the use of a multi sig for each purchase or trade.