m3taversal
1073c231c8
Co-authored-by: m3taversal <m3taversal@gmail.com> Co-committed-by: m3taversal <m3taversal@gmail.com>
3.7 KiB
| type | title | author | url | date | domain | format | status | tags | event_type | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| source | Futardio: Create Spot Market for META? | futard.io | https://www.futard.io/proposal/9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b | 2024-01-12 | internet-finance | data | unprocessed |
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proposal |
Proposal Details
- Project: MetaDAO
- Proposal: Create Spot Market for META?
- Status: Passed
- Created: 2024-01-12
- URL: https://www.futard.io/proposal/9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b
- Description: initiate the creation of a spot market for $META tokens, allowing broader public access to the token and establishing liquidity.
Summary
🎯 Key Points
The proposal aims to create a spot market for $META tokens, establish liquidity through a token sale at a price based on the TWAP of the last passing proposal, and allocate raised funds to support ongoing Meta-DAO initiatives.
📊 Impact Analysis
👥 Stakeholder Impact
Stakeholders, including token holders and participants in the market, will gain broader access to $META tokens and improved liquidity.
📈 Upside Potential
Successfully launching the spot market could enhance the visibility and trading volume of $META tokens, benefiting the overall Meta-DAO ecosystem.
📉 Risk Factors
If the proposal fails, the Meta-DAO will be unable to raise funds until March 12, 2024, potentially hindering its operational capabilities.
Content
Overview
The purpose of this proposal is to initiate the creation of a spot market for $META tokens, allowing broader public access to the token and establishing liquidity. The proposed market will be funded through the sale of $META tokens, and the pricing structure will be determined based on the Time-Weighted Average Price (TWAP) of the proposal that passes. The funds raised will be utilized to support the Meta-DAO's ongoing initiatives and operations.
Key Components
Token Sale Structure:
- The initial token sale will involve the Meta-DAO selling $META tokens to the public. Anyone can participate.
- The sale price per $META token will be set at the TWAP of the last passing proposal.
- In case of this proposal failing, the sale will not proceed and Meta-DAO can't raise from public markets till 12 March 2024.
Liquidity Pool Creation:
- A liquidity pool (LP) will be established to support the spot market.
- Funding for the LP will come from the token sale, with approximately $35,000 allocated for this purpose.
Token Sale Details:
- Hard cap: 75,000usd
- Sale Price: TWAP of this passing proposal
- Sale Quantity: Hard cap / Sale Price
- Spot Market Opening Price: To be determined, potentially higher than the initial public sale price.
Liquidity Pool Allocation:
- LP Token Pairing: $META tokens from treasury paired with approximately $35,000usd.
- Any additional funds raised beyond the LP allocation will be reserved for operational funding in $SOL tokens.
Next Steps
- If approved, initiate the token sale using the most convenient methodology to maximize the event. Proceed with the creation of the SMETA spot market.
- In case of failure, Meta-DAO will be unable to raise funds until March 12, 2024.
Conclusion
This proposal aims to enhance the Meta-DAO ecosystem experience by introducing a spot market for $META tokens. The proposal invites futards to actively participate in shaping the future of the $META token.
Raw Data
- Proposal account:
9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b - Proposal number: 3
- DAO account:
7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy - Proposer:
HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz - Autocrat version: 0.1
- Completed: 2024-01-18
- Ended: 2024-01-18