Proposal
Objective: The objective of this proposal is to initiate the release of CRDD tokens from the DAO’s treasury. By making these tokens available for sale, we aim to increase the liquidity of CRDD on decentralized exchanges, enable new participants to join the DAO, and generate additional funds to support the DAO’s initiatives.
Details of the Release:
Token Quantity: The proposal recommends releasing one hundred million[100,000,000] CRDD tokens from the treasury.
Distribution Method: The tokens will be offered on Vulcanpad.tech in this ICO - https://app.vulcanpad.tech/details/?chainId=42161&id=0x10255397c73bB1F2477EA695BB7a19415015553f
Timing: The release will be executed over 1 month and raise just under 4 eth.
Pricing Strategy: The sale of tokens will be conducted at market rates, with the possibility of adjusting the release strategy based on market conditions to maximize returns and minimize price volatility. Tokens are priced so as to raise 3.8 eth
Purpose of the Sale:
Increase Liquidity: By releasing these tokens, we will enhance the liquidity of CRDD on decentralized exchanges, making it easier for members and potential investors to buy and sell the token.
Expand Participation: This release will allow more individuals to acquire CRDD tokens, thereby increasing the number of active participants in the DAO’s governance. Greater participation will lead to a more decentralized and democratic decision-making process.
Fundraising: The funds generated from this sale will be redirected into the DAO’s treasury. These funds can be utilized to support the development of new dApps, invest in promising projects within the crypto ecosystem, and fund other initiatives that align with the DAO’s mission.
Treasury Management: This proposal also considers the importance of maintaining a balanced and healthy treasury. By selling a portion of the tokens, we can diversify the DAO's assets, potentially converting some of the proceeds into stablecoins or other cryptocurrencies as a hedge against market volatility.
Governance and Execution:
The execution of this token release will be overseen by the DAO’s treasury management team, in conjunction with community input.
Regular updates on the progress of the token sale will be provided to the community, including details on the amounts sold, prices obtained, and funds generated.
A percentage of the tokens released for sale may be allocated for strategic partnerships, airdrops, or community incentives as deemed appropriate by the DAO.
Conclusion: This proposal is designed to strengthen the overall health and sustainability of CryptoSI DAO. By releasing these CRDD tokens, we not only enhance liquidity and expand our community but also secure additional funds to drive the DAO’s growth and ensure it remains a leading force in the decentralized space. Your support and vote are crucial in making this vision a reality.
We look forward to the community’s feedback and encourage all members to participate in the discussion and voting process.
Voting
Yes
10B
GCRDD
Abstain
0
GCRDD
No
0
GCRDD
Support
100%
10B
of 10B GCRDD
Minimum participation
1,000%
10B
of 1B GCRDD