Between these I’d rather stay with option 3.
I’m more aligned with what JoyHunter said above. We should think about the project in the long run, not about what will happen in the next month or so.
We are already down quite a bit. I don’t think these options would make that much of a difference for the next 6 months to a point where it takes us back to the 90k - 100k mark (wmemo).
Right now we are in a bearish moment of the market and holding on to what we got feels a bit wiser. Once we leave this, though, I’m up to start with the deflationary course of action, not necessarily the 2 first two options, but something in that way.
Also, I’m not in a hurry to drive my lambo.
Yeah i just made a post on that. That metaverse card game investment doesn’t look good to me. I like video games and i thought they were gonna invest in some sort of RPG. I should have known it wasn’t gonna be Red Dead Redemption 3 or Witcher 4 lol. I’m not at all interested in no futuristic sci fi pokemon 2.0.
Burning now is a short term gain, only for investor`s with a short term mindset, as it will increase the price of Wmemo now, but be detrimental to the treasury, as we would have spent money on assets we intend to destroy. Win Lose.
If we grow the treasury, by selling at a later date the assets we have just bought, for a profit via non dilutive minting, we increase the backing price organically, and positively effect Wmemo` s headline price. Win Win.
Option 3 - with amendments.
1 Like
Honestly Danny and Sufi need to have a lock period for all investors for a year then, sufi can focus on the investments. They should start it as soon as possible. Then they can just worry about investing into project for us.
Whats cool about this is smaller investor can get in vs a hedge fund. All hedge funds require a one year investment lock up so they can just invest and not have clients bothering them.
1 Like
I think we over-rotate here on the value of non-dilutive minting. What does it matter if we Burn now and Mint more later (at minimal discount) vs Buy now, HODL and perhaps “non-dilutive” Sell later? Either way we spend precious Treasury resources to defend market price. Either way, coins come off market now and return later (if Treasury wants to raise fresh, non-wMEMO capital) and so potential future price pressures will exist. Otoh, if we Burn now, then Backing per wMEMO holds steady, market prices hold ~steady and those who have leverage are protected. If we don’t Burn, then Backing per wMEMO will drop with every repurchase, leading to further price decline and as a result we really don’t accomplish much at all. At least that’s how my smooth brain is seeing it. Am I missing something important?
Option 1 seems to me to be the best of these three options.
I am in favor of options 1 and options 2
But when rewarding long term hodlers, they should programm that if you moved your wMEMO to your cold wallet (ledger, etc.), that the hodling “timer” doesnt reset.
Option one is defiantly the best for everyone who has held through this crash.
1 Like
Option 3: Do Nothing
Wonderland is a long-term investment. The tokens have more potential value later on down the road. Burning only gives us a bump in the short term and only hurts the protocol instead of helping it. We lose a lot more by burning now rather than allowing the protocol and investments to play out.
No Burn 
3 Likes
Im with this proposal as well.
Prefer not to burn buy backs. Would love to have that extra capital available to deploy as the market improves. We can earn multiples on the value that the treasury holds when the market normalizes. If you burn, you just redistribute the value of the tokens burned…which is a fraction of the current market capitalization.
I’ve lost a huge amount of value…like many other investors. Part of the deal that goes with risk.
Just as it is with those who choose to play the leverage game. SIC above.
That said, priorities and incentives need to be clearly defined thru protocol behavior:
- Don’t burn to prop up a price…especially at the expense of the treasury (the golden goose that is the VC).
- Don’t reward folks who are playing with leveraging fire. You get burned…OWN IT.
- AirDrops & Drips to 3,3ers…incentivize longer term commitment.
Fast n Furious burns too many people whilst slow and steady build trust, attraction, and real power. Let’s build it, not burn it.
4 Likes
you are right, yet burning directly would be better then use DAI for buyback and then burn.
This makes sense @Syn and @NalX @Carli
Should we propose a new option: airdrop x amount of MEMO or wMEMO to loyal and long-term investors and burn the balance?
How can we get this added as an option to the proposal?
Thank you.
Im with the airdrop of wmemo for loyal holders
Airdropping wmemo to holders will put more sell pressure on wmemo. Then we drop to the backing price again, we do buybacks again and drain the treasury. Then with the buyback again more airdrops? Would be a vicious circle, does not make a lot of sense to me. I think we are better off rewarding long term holders with higher rewards for continued holding. Long term holders who are still holding should receive more rewards compared to people who just bought wmemo now.
That works but rewards in what? Do we get a higher apy if we hold longer? Than someone who just started? Because giving someone a higher APY would translate to an increase of wmemo rather than simply a memo increase.
First of all we are loyal holders which means we won’t sell if we get wMEMO airdropped. We are so loyal that if we were airdropped MIM we would just buy more wMEMO.
We believed in the project and the founders so much that we paid a massive premium to be part of this revolutionary movement and we held when whales side stepped.
We haven’t sold and will not sell. It would just be nice to be rewarded for holding and believing in the team and project.
2 Likes
For rewards: just a slightly higher percentage on revenue share. Not apy. Apy on time is already not doing anything now.
If you go for an airdrop for holders, I would go for a locked airdrop (staked wmemo), generating reward (revenue share). If you give people wmemo locked for a year, they will not sell a year later if it’s generating a nice passive income by then. This gives sifu an entire year to make it worthwhile for current holders to keep it staked after that locked year as well.
2 Likes