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closedEnded 3 years ago · Snapshot (Offchain)

Proposal: Empower Our Team with the Option to Acquire up to 861,043,575 JPEGd tokens

By 0x95B5...a4ebC4

Overview: In an evolving market, strategic flexibility is paramount. We believe our team should be granted the discretion to purchase up to 861,043,575 JPEGd tokens. The timing and decision to do so should be at the team’s discretion, bearing in mind the broader market dynamics and the best interests of all stakeholders.

Advantages:

Boosted Morale among Holders: Providing our team with the option to make this acquisition would not only strengthen the trust of current holders but would also demonstrate our proactive stance in navigating market opportunities.

Encouraging Additional Investments: An uptick in confidence among JPEGd holders, resulting from this move, would likely encourage them to increase their token holdings. When existing holders augment their stakes, it sends a potent signal to potential new investors about the strength and potential of our ecosystem.

Potential for Long-term Price Stability: The proposed purchase can help steady the market, potentially reducing price volatility and instilling a greater sense of stability among investors.

Tangible Returns for the Treasury: As market conditions ameliorate, this strategic acquisition could yield significant returns for our treasury, enhancing the financial fortitude of our entire community.

Benefits to the DAO: With the DAO holding a substantial number of JPEGd tokens, increased confidence and subsequent investments from JPEGd holders would inflate the value of the DAO’s assets. This would reinforces the DAO’s strength.

Considerations:

Minimal Risk: While any investment comes with inherent risks, our team’s deep market knowledge and the potential long-term advantages make the risks linked with this move quite diminutive.

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Connect Wallet to Add Note
0
Votes 11
VoterCast PowerVote & Rationale
0xC283...29F3dF
450M

yes

0x7e16...11db23
99.5M

yes

0x95B5...a4ebC4
91.333M

yes

0xB49d...9c05BE
30.712M

yes

0xe420...d7d016
22.986M

no

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VOTE POWER
0
Connect Wallet
Proposal Status
  • Wed August 16 2023, 05:59 pmVoting Period Starts
  • Sat August 19 2023, 05:59 pmEnd Voting Period
Current Results

1-yes

687.88M

96.77%

2-no

22.986M

3.23%
Quorum 710.866M/2.083B
34.1%
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