Interesting. And how much could that be in a year?
Got it Doesn’t sound bad if you ask me.
It depends on how much gets burned in mechanisms that siphon portions into the treasury, so it’s really hard to know.
It’s always appreciated to be asked.
But overall, it’s also a matter of trust and you’re the ones who should know more about this. From the AMA yesterday, I think you trust them and your analysis regarding exposure and marketing convinced me it’s a good idea on the long term.
Try to negotiate the discount part which seems maybe high considering early investors have paid a higher price, as we said yesterday when talking about 20%, LFG!
Forward and thanks @brother for the transparency
A 10 - 20% discount at current prices of approximately $1.25 per CLNY is $1.00 - $1.12 per CLNY, so let’s just round down to $1.00 per CLNY for the sake of discussion. With roughly 1 million CLNY in the treasury, the lower end of this sale at $200K would consume 20% of the treasury and the higher end would consume 50% of the treasury. My gut feels like 20% of the treasure is quite a bit – let alone 50% of the treasury. We shouldn’t consider anything more than 25% of the treasury because I know I’m pretty confident CLNY will appreciate nicely in the long term. Might be more advantageous for us to hold more of the treasury to invest in marketing, other services, and development later. If 20% of the treasury is the minimum they’d offer, I’d be in favor of it, but nothing more than 20% of the treasury.
EDIT: With this in mind, I voted to take the deal.
I agree that it shouldn’t be a cent more than a 20% of a treasury.
This is actually Daniel from the Harmony team, the one we have to thank for the original MC Harmony grant.
You can stop flagging it as spam now, but I appreciate the enthusiasm
Actually take more money!! Once this game is built out and developed… Harmony… I’m sure will give a $1 million grant, just like they did Defi Kingdoms… probably in a year from now… People want development quickly, We need money and devs for that… …The fact that you’re treating the community treasury as a true Dao and having this discussion pre-launch is amazing. You could have just taken the money… amazing team
Cant praise this team anymore! Treating this like a true DAO even though they are still in full control of the treasury still tells you all you need to know!
looking forward to whatever comes next!
FORWARD!
(come say hi in discord if you aren’t already in there!)
100% agreed - not all project teams are this transparent with their community. It’s unique in this space and one of the reasons we believe in them. It shows passion and dedication, and an understanding the importance of community.
Got trully surprised with the development of this, sharing this to the community and having it voted, had a nice impact in the project! Very differently than what we saw in some other projects! I didn´t managed to hear all the AMA yesterday, just arrived at the last comments, but from what I gathered, both projects are going to be benefited from this move, so why not? It´s a risk to the harmony team as well, but…great profits comes at great risks ;)…let´s do this. The transparency was a must. Tell is more about the great team developing it.
Absolutely voting to take the deal, it’s a no brainer! The funding, exposure and trust it will bring to the project will for sure have a greatly positive effect on all aspects of the developement!
Let’s do this.
I believe that it shows a very strong onus bonding and brings on great accountability for the team. Anyone ever asking for a KYC, well this is 100x greater trust. So YES, absolutely!
It would also be extraordinary to have Harmony in as a very firm backer.
Hopefully, we can also get them to come to the table with some marketing and promoting as part of their side of the deal.
Sounds like a great idea! Reputable and effective incubation would be a great benefit to the project
I voted to take the deal, but also want to note that the difference between $200k and $500k is significant. Since the Mars Colony project is not hurting for money, and the tokens are being sold at a discount to current prices, I would suggest erring toward the lower end of the investment amount.
If Project X is very interested in committing more capital, perhaps a one-time option 3 or 6 months down the road can be given, based on prices at that later point in time, and perhaps with a different discount % and/or different marketing/value-add contributions.
Guys I am not a tokenomics expert; Far from it. But isn’t this exactly the same as anybody dropping $500K into the CLNY staking, only it’s locked for a year and we get a LOT of benefit from the trust and exposure side. Also for those questioning the discount. Even with the discount, the CLNY will be higher than 2 weeks ago : remember the sub $0.80:CLNY
This deal is not as much about the money as it is about partnering with official Harmony team, there are many more positive aspects of that than just funding.
I’m not sure you understood my comment. I understand what you said, and that’s why I voted to take the deal but urge the MC team to consider a smaller investment from Harmony (closer to 200k than to 500k).
I think this is accurate. Almost like locking them up.