ContinuumDAO Forum

Selqui

@Apxymous We certainly will use the allocation from departed core contributors if this proposal passes. We will have a vote at TGE to decide how much of the CTMDAOVOTE tokens convert to veCTM and therefore how much ex core contributors will receive, but in this proposal, it is suggested that it will only be a small amount, capped at 0.1% (100k veCTM).

Selqui

@Apxymous Hal did the smart contracts part and he is developing the Governance frontend at the moment. He may incorporate a newer version of the staking into this new Governance frontend

Selqui

We are currently offering the VCs tokens at a Fully Diluted Valuation of 20 million USD, so each CTM is equivalent to 0.20 USD. Hopefully the value will increase to 1 USD and more after TGE, but those helping to build our products now deserve the same terms (in my opinion).

Arkman has worked for more than 1 year on the frontend for AssetX, as well as the homepage for ContinuumDAO, the C3Caller page, the MPC Dashboard and the veCTM Staking page. So far he has only been paid less than 5k USD in total. He believes in the project and I will certainly vote in favour of awarding him 500k veCTM now and another 500k veCTM at TGE, assuming that he continues working as he has been (I am sure he will). Regarding Lex, our new legal web3 expert - we cannot successfully launch our RWA Security issuance platform without his experience. Securities are heavily regulated and our existing DAO core contributors have no experience in legal matters. He is also advising us on incorporation and he came to us with his excellent idea for Lawracle that will benefit us all. I will certainly be voting to give him 500k veCTM now and another 500k veCTM when we go to mainnet with Lawracle. Let's keep the big picture in mind. We need Arkman and Lex in our DAO.

Selqui

@sanderrrrr Per contributor. We should make this clear

Selqui

I would like to include application for the Dubai DFSA Tokenisation Regulatory Sandbox. See the details here https://www.dfsa.ae/innovation/tokenisation-regulatory-sandbox

If ContinuumDAO is successful in its application, we would need to apply for a Dubai license in addition to the RAKDAO license, but I think that if we can afford it, it would be very beneficial

Selqui

@avgCrypto I think that it might be true in Dubai, but the process seems simpler in RAK

Selqui

@rebe2a @motki Any community sale would follow TGE, securing a license and would have to conform with regulations and follow legal advice. This would be the subject of a separate DAO proposal.

Selqui

@sanderrrrr No need for any of us to move there (though RAK does look beautiful). We would need to secure a crypto trading license when we launch our token and the Middle East and especially the UAE could well be where we grow our business fastest initially, so it is nice that we have the option of making this a base, with people possible in the future.

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