option 1 or 2 sounds good to me.
I am for whatever the dev team feels is best for the health of the project. Personally dont care if the price of Memo and wMemo dips as long as the project stays alive. I and many see the long term potential
lets BURN baby, buy back and burn burn burn
I completely agree on this
I propose Option 4 let Sifu freely decide on the matter, we voted him and he knows better than all of us. The vast majority of the people who invested in this project didnāt grasp any of its technicalities and the basics so I donāt want a democratic vote on this matter.
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I would support burning wMemo.
I agree with this. Make a new proposal and lets vote on it.
JUST MY HONEST OPINION
I strongly believe in burning wMEMO at a static rate for a PREDETERMINED amount of time. This way we donāt have to deal with:
a. Whale games - Timing the market and strategically buying and selling based on buybacks
b. Constant worry - āoh now, wen buybackā (buyback would be constant till itās done)
c. Give more value to those who have held - Thus increasing the demand for wMEMO the longer you hold it as itās intrinsic value grows and potential GOVERNANCE AIR-DROPS for length of time held or even the amount of price action plays (i.e. how many buys and sells there have been in your wallet).
Option 2! 
to the moon!
I totally support Syn. The committed holders should be with a wMemo airdrop of an agreed amount, to relieve their pressure to sell during a price increase. It does not need to be a large airdrop, but at least enough to offset the loss of ownership % that they are experiencing due to those who are manipulating the market. Once this has been done, I think we would be on more secure ground, and not only that, it would show that commitment is rewarded. This, I think, would create a more secure foundation for a burn to occur. And whilst some people will still likely sell upon a price increase, it may make a substantial amount of committed holders remain in the protocol and provide some stability.
A small % of liquidations to be allocated to those holders, and rest be burned as per one of the options.
tl;dr: Airdrop a percentage to loyal holders, then burn the remaining amount.
3 Likes
Proposal up and ready for comments
I like your idea and I was thinking the same thing because Iām over here holding like a dumb ass while watching it slowly go lower and lower. Those that are gaming the system are being rewarded and those of us that are holding and playing it fair are being shit on.
Correct. And good long term thinking/approach.
Do you mean staking or a proper medium/long term lock up? I think Dani and sifu have mentioned they dont ever want to be locking frogs up so thats probably not going to fly. Also- staking is literally around the corner (for the profit share remember), so this will help tremendously as most frogs will stake to participate in the profit share so a lot of wMemo will be taken off the market.
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If you are truly a long term holder burning part of the treasury is a terrible move for you/us. We have all suffered and watch our positions melt. And yes, there have been whales come in and shit on everyone. We all just need to hang in there. Hold onto your balls and do not fold. Give sifu time to deploy and have the investments grow and earn us some revenues. We all just have to hang in there.
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Not like thereās much of a choice at this point. Im down 2/3 of my investment. What kind of returns will we get? Bsgg? It would just make more sense to me to reward with more wmemo share. The . 6% memo every 8 hours is meaningless because itās just a stock split. Weāre not really getting anywhere. I thought when they stopped minting it would stop creating more time but I guess I was wrong about that. If rebasing is still producing more memo tokens, not only is that worthless to us holders, its bad for the protocol because minting was giving people an incentive to buy in at a discount. I think the only sensible thing to do is what Syn said and that is to give us rewards in wMEMO.
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Personally Iām a fan of Option 2.
Option 3 is not an option. 
Option 1 is not bad but itās too slow, we need immediate action to change the energy.
I agree 100% man. We need to start seeing actual returns and this whole VC thing with them investing in things they know nothing about is extremely risky and thatās an understatement. It has a huge chance of failing. Not FUD, but we need to make the right and safe decision. Stick to what you know guys. Not some bullshit card game that no real gamers are interested in. If they were investing in Red Dead Redemption 3 I would understand, but seriouslyā¦ Wtf.
Could you elaborate more, please?
Thanks everyone for your comments! I will move this to the next stage for RFC (Poll).
Ponzi
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