ContinuumDAO Forum

@sanderrrrr I think there should be no cap even for individuals. You can’t police who create more wallets. Put a max allocation on each wallet does looks nicer for later. I think we should aim for $5k minimum but we need to add cliff vesting on top of veCTM 4 years lock.

@sanderrrrr Hi sanderrrr, you have a good point! The only reason we’re looking for a few seed investors is because we don’t have to deal with so many investors. Should we break down $50k into 5x $10k? Maybe just a group buy into $50k?

@Selqui I totally agree. I was typing to slow and missed your message

Our contributors have been working in the past months and also been rewarded in veCTM valued as $1. I assume with TGE it’s fair to put minimum $2 per CTM for DEX liquidity. VeCTM are locked for 4 years and can get unlocked with 50% penalty. If we sell with low FDV for seed we need extra cliff vesting on top of veCTM. There is no way we want seed and investors dumped on our holders.

The total allocation for investors are 15%. I would like to see this:

• Seed 2.5% at FDV $100M
• Pre-sale 5% at FDV $200M (unsold back to investors allocation)
• Series A 5% + (2.5% unsold allocation) at FDV $400M
• Series B 2.5%+ unsold allocation at FDV $1b

Yes, it’s pretty complicated. Perhaps we need to cover the fees from our own pockets and favour our users. When the user sign the transaction they will only pay the fees what is deduct from the source chain. The question is. Could we still be profitable if we do this? Having advertisement showing on our platform is an idea to have an extra income stream? If possible offer decentralise ads?

If we could implement a fixed fee and they get CTM or Theia tokens if they overpay a transaction and have it airdrop on BNB chain. I think BNB is most used after ETH chain and probably everyone knows it. I don’t know if we can build something like this that’s calculate how much a user paid and return him the remain dollars in CTM or Theia on BNB chain. User can decide to keep the CTM or Theia or sell them on the market. We sure need liquidity on BNB chain for CTM or Theia.

Thank you for the expense report Jerry. Can you explain how veCTM is calculated? I see starting from February veCTM is been used for rewarding contributors.

I would like to nominate myself, Selqui and John CTM for the election to the committee. Thanks.

Well done Hal. There is one thing I want to comment. That’s the payments. Sorry, if I look offending but I’m not. Just want to share my opinion. The USDC payment seems on the low side and the veCTM payment seems on the high side. Because there is no market yet for the veCTM token we don’t know the actual value. But in my mind I have value veCTM locked for max years at $1, but that’s me. I suggest maybe we can change a bit for the payment. More USDC and less veCTM. Are you okay with 10,000 USDC and 15,000 veCTM or 12,000 USDC and 10,000 veCTM? I think with the current global economy we all could use some stability. This just an idea from my side and I probably understand why you asked for 4000 USDC per month and not higher. The core team probably suggested to pay maximum of 4000 USDC per month. I think we should pay you more in stables because this work will be very important for the Continuumdao. You can work at ease without thinking of financial obstacles. It’s still up for you to decide to change the payments. I’m very excited to see the work in 2 months when it’s complete.

@Selqui That is also a good idea. Selling the engine and have a share in the fees. It’s like a franchise business.

Let’s go for it! I would suggest a $5 fixed fee or $0.005 per byte. But fee prices we can discuss later on.

I think it’s a great idea! Well done!

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