Author: theIntuitiveQ#9584, TheJinKang#2753 Start Date: 2/7/2022 1PM ET End Date: 2/8/2022 5PM ET

Summary

In the context of GCR’s Treasury diversification and investment optimization, we present a diversification strategy of allocating $100,000 to the purchase of crypto coins after the significant sell-off during the months from November until the present date.

Motivation

After the considerable sell-off that was likely triggered by a change in the macroeconomic backdrop with financial markets pricing in a more hawkish monetary policy pursued by the Federal Reserve, major crypto assets currently trade at around 50% (or more) below their respective ATH.

We propose the purchase of $100,000 Layer 1 coins to benefit from comparably attractive entry levels in the broader crypto market. Furthermore, acknowledging market volatility potentially to pertain in the next couple of months, we propose to implement the ETH leg of the trade in the form of Dollar-Cost Averaging (DCA). The main reason why we will not implement the other coins with the DCA method is the lack of automation tools for coins outside the Ethereum chain.

Specification

1. Purchase a $100,000 portfolio with following allocation: a. $55,000 ETH b. $15,000 SOL c. $15,000 AVAX d. $15,000 NEAR

2. Implementation strategies: a. DCA for ETH with 5 monthly purchases of $11,000 each, concluding the trade in mid-June b. One-off purchase SOL, AVAX, NEAR after affirmative Community vote

Vote

The ‘Single choice voting’ Snapshot voting system will be used for this proposal, meaning each voter must hold at least 1 GCR token to be able to vote and may select only one choice:

Yes - Approve the purchase and implementation of the crypto portfolio outlined above No - Reject the purchase and implementation of the crypto portfolio outlined above