Tipping liquidity proposal passed discourse forum with 90% of respondents in favor. Comments include recently added legal opinion; please revisit the post for full disclosure on this. See here for details and BanklessDAO tipping metrics on which this proposal was based. -> https://forum.bankless.community/t/tipping-liquidity-proposal-5000-bank-to-every-level-2/1323
The proposal was to allocate 5000 BANK to each contributor-level member of the DAO on the Collab.Land smart contract, to be used for tipping. Results screenshotted below.
The final number of Level 2+ members as of the forum closure on 24 AUG 2021 was 59. Therefore, implementing the proposal requires:
Breakdown: 59 contributors x 5000 BANK = 295,000 BANK; the remaining 5000 BANK is to be used to remunerate tipping data collection and analysis performed by McKethanor, Tomahawk, and Paulapivat.
Price of BANK at forum closure: 0.0000175 ETH ~ $3200*0.0000175= 5.6 cents USD
Price of BANK now: 0.0000275 ETH ~ $3415*0.0000275= 9.4 cents USD
Alternate allocations if price appreciation is at issue:
4000 BANK / contributor would be an allocation of 240,000 BANK
3000 BANK / contributor would be an allocation of 200,000 BANK