MGP-X┃Transfer Initial funds to the DAO

Governance Proposal (PGP)
1

Summary:

I propose to send initial funds of equivalent ~5 Mio $ in ETH/BTC/DAI/USDC from the Mimo team funds to the Mimo DAO.

Rationale:

To develop the Mimo Protocol in the defispace and attract users, partnerships & more revenue. It is necessary to encourage other protocols, users, communities to use the protocol. To incentivize anyone it is necessary to have an initial capital.

In the past the team got through an tokensale an significant amount of ETH/BTC from the community to build a product/protocol with an native token, what we can see from the transaction of this dedicated community funds.

Wallet from the tokensale:

  • ETH Vault:

https://etherscan.io/address/vault.tenxpay.eth

If we analyze the transactions we can see there is still a significant amount of funds left.

Means:

  • Human resources: Transaction & multisig from the Mimo team wallet
  • Treasury resources: Income of ~5 Mio $ in ETH/BTC/DAI/USDC.

Technical Implementation:

No Implementation needed

** Voting Options:**

  • Accept to send initial funds of equivalent ~5 Mio $ in ETH/BTC/DAI/USDC
  • Refuse to send initial funds of equivalent ~5 Mio $ in ETH/BTC/DAI/USDC
  • Abstain
  • Accept to send initial funds of equivalent ~5 Mio $ in ETH/BTC/DAI/USDC
  • Refuse to send initial funds of equivalent ~5 Mio $ in ETH/BTC/DAI/USDC
  • Abstain

0 voters