Sell a portion of APE tokens for PVFD liquidity
PVFD has claimed ~36K APE tokens.
At current prices, this is valued at ~$540K, or ~174 ETH.
I propose we sell a portion of this for much needed ETH liquidity to support different ventures for growth.
Thesis: These funds represent a very small amount of the overall portfolio, but the amount of potential positive marketing publicity we can use the ETH to provide the DAO far outweighs actual investment related use. As the FD now has an active Twitter account, portfolio actions are now being broadcasted and discussed. For example, say the FD purchases a new NFT with the funds (no matter the cost), it provides an opportunity for publicity and discussion on Twitter. As more active buys and sells occur (no matter the monetary amount), it showcases the DAO and markets to new potential members.
I am using tiered voting so we can vote on the portion to sell, if any: 0%, 25%, 50%, 75%, 100%.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x2cd3...0087DE | 17 | (1st) Sell 25% of APE tokens for ETH, (2nd) Do NOT sell any APE tokens, (3rd) Sell 50% of APE tokens for ETH, (4th) Sell 75% of APE tokens for ETH, (5th) Sell 100% of APE tokens for ETH |
 0xec62...a50BE8 | 12 | (1st) Sell 25% of APE tokens for ETH, (2nd) Sell 50% of APE tokens for ETH, (3rd) Sell 75% of APE tokens for ETH, (4th) Do NOT sell any APE tokens, (5th) Sell 100% of APE tokens for ETH |
 0xDC24...8F57e0 | 7 | (1st) Sell 25% of APE tokens for ETH, (2nd) Sell 50% of APE tokens for ETH, (3rd) Sell 75% of APE tokens for ETH, (4th) Sell 100% of APE tokens for ETH, (5th) Do NOT sell any APE tokens |
 0x0F04...B4aC50 | 7 | (1st) Sell 25% of APE tokens for ETH, (2nd) Do NOT sell any APE tokens, (3rd) Sell 50% of APE tokens for ETH, (4th) Sell 75% of APE tokens for ETH, (5th) Sell 100% of APE tokens for ETH |
 0xCb76...84EcA6 | 6 | (1st) Sell 25% of APE tokens for ETH, (2nd) Do NOT sell any APE tokens, (3rd) Sell 50% of APE tokens for ETH, (4th) Sell 75% of APE tokens for ETH, (5th) Sell 100% of APE tokens for ETH |
VOTE POWER
Proposal Status
- Fri April 22 2022, 03:14 amVoting Period Starts
- Wed April 27 2022, 03:14 amEnd Voting Period
Current Results
1-Sell 25% of APE tokens for ETH
140
2-Do NOT sell any APE tokens
37
3-Sell 50% of APE tokens for ETH
18