Drafted with support from: Pantera Capital, 0xNallok, 7Layer, and Proph3t
METADDFL6wWMWEoKTFJwcThTbUmtarRJZjRpzUvkxhr
) from The Meta-DAO (ADCCEAbH8eixGj5t73vb4sKecSKo7ndgDSuWGvER4Loy
)EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v
) will be committed by Pantera CapitalPantera views this investment as a strategic partnership and an opportunity to show support for The Meta-DAO, which is spearheading innovation in decentralized governance. Pantera has invested in the blockchain and crypto ecosystem heavily and looks forward to its long term promise. It views its acquisition of META as an opportunity to test futarchy's potential as an improved system for decentralized governance and provide meaningful feedback for accelerating its development and adoption across the crypto ecosystem.
There is a specific interest in Solana as a proving ground for innovative products and services for blockchain technology, and Pantera desires more direct exposure to the Solana ecosystem.
With respect to the investment, Pantera holds the perspective that The Meta-DAO may be an ideal community within Solana for soliciting additional deal flow. It also highlights support for innovation in the space of governance, support for Solana projects, and a belief that fundamentally, futarchy has a reasonable chance of success.
The proposal contains the instruction for a transfer 1,000 META into a multisignature wallet BtNPTBX1XkFCwazDJ6ZkK3hcUsomm1RPcfmtUrP6wd2K
with a 5/7 threshold of which the following parties will be members:
6S5LQhggSTjm6gGWrTBiQkQbz3F7JB5CtJZZLMZp2XNE
)4kjRZzWWRZGBto2iKB6V7dYdWuMRtSFYbiUnE2VfppXw
)4LpE9Lxqb4jYYh8jA8oDhsGDKPNBNkcoXobbAJTa3pWw
)65U66fcYuNfqN12vzateJhZ4bgDuxFWN9gMwraeQKByg
)UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhco8e
)91NjPFfJxQw2FRJvyuQUQsdh9mBGPeGPuNavt7nMLTQj
)HKcXZAkT4ec2VBzGNxazWhpV7BTk3frQpSufpaNoho3D
)The multisig members instructions are as follows:
$50,000 / calculated per META
and determine final allocation quantity of METAFLzqFMQo2KmsenkMP4Y82kYVnKTJJfahTJUWUDSp2ZX5
The proposal evaluates a net increase in value to META by bringing on a strategic partner such as Pantera which would boost visibility and afford some cash holdings. This proposal speculates a ~25% increase in META value due to the high profile of Pantera and their offering of strategic resources to the project.
Details | |
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META Spot Price 2024-02-17 15:58 UTC | $96.93 |
META Circulating Supply 2024-02-17 15:58 UTC | 14,530 |
Offer Price | ${TBD} |
Offer META | {TBD} |
Offer USDC | $50,000 |
META Transfer to Circulation | {TBD} % |
New META Circulating Supply | {TBD} |
Here are the pre-money valuations at different prices: