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30 Nov 2023, 14:22
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130 Nov 2023, 14:37
What's up Kings!
We have some exciting news to share:
This quarter the King Shiba DAO received a gain of $34,645 USDT from its investment into KingsFund.
So far, the King Shiba DAO has received a total of $79,141 USDT which so far $34,208 has been reinvested.
The King Shiba DAO also received roughly 50k USD worth of $SBONK which was paid out to King Shiba holders via a staking contract.
This vote offers the decision to the community to decide what we do with the Quarterly pay out via DAO vote.
Quick run down on the options:
1: Reinvest 100% of the money into KingsFund
2: Reinvest 75% of the money into KingsFund
Buy back $KINGSHIB with 25% of the money
3: Reinvest 50% of the money into KingsFund
Buy back $KINGSHIB with 50% of the money
4: Reinvest 25% of the money into KingsFund
Buy back $KINGSHIB with 75% of the money
5: Buy back $KINGSHIB with 100% of the money
6: Add USDT back to the treasury and keep for future use
Please note that buy backs will happen over at least a 1 month period to ensure that it isn't just going to be used as exit liquidity and we can maintain a steady uptrend if it is voted in.
The DAO vote will last for 1 week.
Vote now:
***Please Note***
You only get 1 vote so make sure you are 100% sure before you confirm it!
What's up Kings. We have some exciting news to share:.
What's up Kings!
We have some exciting news to share:
This quarter the King Shiba DAO received a gain of $34,645 USDT from its investment into KingsFund.
So far, the King Shiba DAO has received a total of $79,141 USDT which so far $34,208 has been reinvested.
The King Shiba DAO also received roughly 50k USD worth of $SBONK which was paid out to King Shiba holders via a staking contract.
This vote offers the decision to the community to decide what we do with the Quarterly pay out via DAO vote.
Quick run down on the options:
1: Reinvest 100% of the money into KingsFund
2: Reinvest 75% of the money into KingsFund
Buy back $KINGSHIB with 25% of the money
3: Reinvest 50% of the money into KingsFund
Buy back $KINGSHIB with 50% of the money
4: Reinvest 25% of the money into KingsFund
Buy back $KINGSHIB with 75% of the money
5: Buy back $KINGSHIB with 100% of the money
6: Add USDT back to the treasury and keep for future use
Please note that buy backs will happen over at least a 1 month period to ensure that it isn't just going to be used as exit liquidity and we can maintain a steady uptrend if it is voted in.
The DAO vote will last for 1 week.
Vote now: https://snapshot.org/#/kingshibadao.eth/proposal/0x21a1f2fac29beec44a011c522e661faa54305513942455c7a4bad5c88fd09a55
***Please Note***
You only get 1 vote so make sure you are 100% sure before you confirm it!