Hello frogs,
Former treasury manager, Sifu, is gone for good.
We have to look now for a new treasurer.
I suggest to approach Siam Kidd who already have shown interest for the position.
The only reason some of us hate this guy is because he knows how to make money and he was doing exactly that using wonderland. Imagine having him making money for us, not against us.
Siam Kidd is a Currency Trader / Investor / Educator / Entrepreneur. He has spoken at many Keynote events, most notably at TEDx Norwich & Expert Empires in London. He is fully doxxed and a hell of trader and manager.
Siam Kiddās Wonderland Proposals
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Adopt the management structure of Space X. Elon is the figure head and head engineer, but he is largely removed from the ops/logistics behind it. Itās the COO Gwynne Shotwell that basically runs the show. So I think Dani should continue being him and doing what he does as heās brilliant from a tokenomic standpoint, but Wonderland needs a Gwynne Shotwell to make things slick. Basic things like the PR, message, team to investor comms etc etc.
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Following on from that point, itās Daniās ecosystem and train set. Heās the one with the clout and the credibility. He needs to be the treasurer. Getting suits in is a no go in my book. Before you know it, itāll be suit central and weāll be like a generic hedge fund. The reason Wonderland did so well is that it was doing things in a rather unconventional way. If you want a suit run investment, youād just go to Goldman etc.
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Screw the APY bollocks. Itās total BS. Always has been. Itās just a flame to attract us moths and moths get burned! We need to flip to a profit sharing model effective immediately thatās paid out on a calendar month basis. So if Wonderland makes $100m profit in February for example, then $100m is distributed to token holders based on their percentage ownership of Wonderland. Simple. Then Wonderland can do its thing and go out and continually acquire cashflowing assets.
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Volatility dampener: In order to be eligible for these monthly pay outs you will have had to held the token for a full 30 days. This will massively reduce trading and selling. Especially when profits get bigger.
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Super important that Wonderland doesnāt follow traditional VC methods. With VCs you invest in a big basket of punts knowing that most will die but a couple will boom. ROI is then normally deferred for YEARS! Normally during an IPO or exit. Wonderland needs cashflow ASAPā¦not in 5 years. This will filter out a lot of investments.
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Kill wMEMO. The chart is a bag of balls now. Start V2 of Wonderland with a fresh token with a FIXED max supply with periodic token burning events. This will create a natural inherent buoyant pressure in the price. Combined with the cashflow, the price will moon.
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Team needs to dox themselves or bugger off. Thereās zero legitimate reason to be anonymous in this type of project. Got nothing to hide, donāt hide. Frog nation arenāt criminals. We arenāt trying to compete with the US Dollar or SWIFT or the Dollar Payment Network so the team has nothing to worry about.
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Regular monthly 3rd party audits. Really simple folks. This is nothing new. Any financial firm does thisā¦
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For shits n giggles, perhaps apportion 1-5% of the treasury into a mini hedge fund where they give vetted, checked, doxxed, verified traders $10-20m to trade and make deals with. Can easily spin off these into separate Ltds with a strict chinese wall, so if anyone screws up there wouldnāt be any splash back on Wonderland. Iād be up for that :-p
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MAKE LEVERAGE INOPERATIVE for this new token! Degens will lever up no matter how many times they get burned and no matter how many times you tell them not to. What actually happens is that once one gets burned, they then lever up even more to try and win back the losses. Downwards spiral of doom. Levered assets also then put a target on our backs for big bad actors to carry out deleveraging events/attacks. Just like weāve now experienced.
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Actually buy or build a GOOD game. All the play to earn games in crypto SUCK! Itās 2022 yet all the game graphics are shit and itās like playing with a Tamagotchi all over again. Seriously, with this treasury, you could easily head hunt all the key players from big game houses like Activision etc to build an actual game people would like to play. Like CoD/Fortnite/Battlefield etc. And the XP players earn in game would be an actual token with real world value. COD XP is worthless in the real world. Make an awesome game where people can actually earn money and youāll gobble up a couple hundred million users ASAP!
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IF we go down this route, we must avoid at all costs the TERRIBLE tokenomics that Axie Infinity have. Been saying this for multiple months. In Axie, people earn SLP. They then immediately sell SLP into USDT or ETH. But because SLP has terrible tokenomics and there is ZERO buying vector, the price will forever crash. Itās so obvious that Iām really surprised they did thatā¦just look at the SLP/ETH chart or SLP/USDT chart and youāll see what I mean.
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Wonderland needs to actually hire a team of Mergers & Acquisitions practitioners. Not traders. Preferably those with Crypto experience as well as M&A experience. Iāve done M&A for 7 years now and screwed up so many times. But even so, you only need one good deal to knock it out of the park.
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Stick to clear deadlines. This will eradicate the billions of discord messages of āwhen airdrop betswap?!?!?!ā It clogs up the server and itās wasted energy for everyone.
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Implement anti-robot wallet detection technology.
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Really focus on having super deep liquidity. Even when wMEMO was alright, $250m liquidity was still super low.
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DO NOT reimburse liquidated wallets. We shouldnāt have to bail out greedy smooth brains.
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Merge Abra, Popsicle and Wonderland. There are conflicts of interest here at the moment. Liquidations are profitable for Abra, but not for Wonderland etc etc.
Twitter Updates
- Interest about the position of Wonderlandās CFO. [Link]
- Siam Kidd: 18 things I would have tried to action if I did join the Wonderland team. [Link]
Video Updates
- Siam Kidd about Wonderland situation and him as CFO
- Siam Kiddās Response to becoming Wonderland CFO
About Siam Kidd
- Yes, Siam Kidd for treasury manager.
- No, we should look for someone else.