Addendum for SLURP-54 | Request for OTC SDL Token Purchase with Flexible LP Commitment Options on Base

Summary

This Addendum proposes to switch the overall sale limit from a token quantity to a fixed USD value, and introduces flexibility to the Spot Support Track to ensure the targeted operational runway funding of $250,000-300,000 is met.

Specification

1.The total sale across both the Standard and Spot Support Tracks is capped at $350,000, removing the previous SDL token cap.

2.The fixed quantity of 55,000 SDL is removed.

3.An initial individual purchase cap of $50,000 is set for both tracks.

4.Minimum threshold to participate in the OTC is $20,000.

5.If the combined raise from both tracks falls below $250,000, the individual purchase cap for both tracks is automatically lifted to allow larger individual buy-ins to meet the fundraising target.

Conclusion

These amendments prioritize meeting the DAO’s $250,000-$300,000 fundraising target by removing structural friction associated with token price volatility and low individual purchase limits.

2 Likes

Thank you for posting this Addendum Tokenized as a collaborative effort to clarify SLURP-54.

Fully in agreement with all notes posted.

1 Like