Token Sale / Swap Research
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Treasury meeting update 8/9/21 [tesa_daa]
- Treasury is looking to issue 'range' and/or 'success' tokens ala UMA. VCs prefer success tokens as they function like equity. #vc-dao has been tasked with VC communication and shopping interest in the tokens.
- 'range' tokens function more like debt instruments (i.e. convertible bonds) as they pay an income while the token is in a certain price range, then function as equity when beyond the range. Possible interest to hedge funds / family offices / accredited investors.
OG subject:
Contact Treasury / Tokenomics about a potential sale of BANK to outside people looking to join VC DAO. Tokens should be locked-up via staking or mandatory liquidity providing.
FC weekly meeting 9/8/21
Per
, FC should clarify with @LarryFlorio about a private sale of BANK.
Conversation with @LarryFlorio
FC could issue a genesis NFT with generous disclaimers stating that there is no value in the NFT and its primary use is as utility / fundraising mechanism.
ForeFront DAO https://swap.ff.exchange/