Introduction of Spot Market for SMETA Tokens

Overview

The purpose of this proposal is to initiate the creation of a spot market for $META tokens, allowing broader public access to the token and establishing liquidity. The proposed market will be funded through the sale of $META tokens, and the pricing structure will be determined based on the Time-Weighted Average Price (TWAP) of the proposal that passes. The funds raised will be utilized to support the Meta-DAO's ongoing initiatives and operations.

Key Components

Token Sale Structure:

• The initial token sale will involve the Meta-DAO selling $META tokens to the public. Anyone can participate.
• The sale price per $META token will be set at the TWAP of the last passing proposal.
• In case of this proposal failing, the sale will not proceed and Meta-DAO can't raise from public markets till 12 March 2024.

Liquidity Pool Creation:

• A liquidity pool (LP) will be established to support the spot market.
• Funding for the LP will come from the token sale, with approximately $35,000 allocated for this purpose.

Token Sale Details:

• Hard cap: 75,000usd
• Sale Price: TWAP of this passing proposal
• Sale Quantity: Hard cap / Sale Price
• Spot Market Opening Price: To be determined, potentially higher than the initial public sale price.

Liquidity Pool Allocation:

• LP Token Pairing: $META tokens from treasury paired with approximately $35,000usd.
• Any additional funds raised beyond the LP allocation will be reserved for operational funding in $SOL tokens.

Next Steps

1. If approved, initiate the token sale using the most convenient methodology to maximize the event. Proceed with the creation of the SMETA spot market.
2. In case of failure, Meta-DAO will be unable to raise funds until March 12, 2024.

Conclusion

This proposal aims to enhance the Meta-DAO ecosystem experience by introducing a spot market for $META tokens. The proposal invites futards to actively participate in shaping the future of the $META token.