Use the funds to add liquidity on the ETH/FOLD or USDC/FOLD pair on Sushiswap.
If we can’t agree on that: Make a snapshot of all wallets that hold FOLD from before this post, and share the funds equally to everyone who holds more than 1 FOLD. That’s like 1000 holders, so everyone gets around $200.
Generally, communities reward their early supporters for loyalty towards the project. I would propose that people who held >10 FOLD tokens since a date like 15 June/July (when it costed ~$10-12/fold, hence a $100 investment for example) be rewarded with the proceeds equally. We held strong when price went as low as $4. Many of those people would in fact use the proceeds to market buy more fold as well. I know I certainly would at least
It would be $200 per person for 1000 holders ser. Seems like you added an extra 0 there I think people with >10 Fold since an early date should get rewarded for their belief in the project and holding through any fud/dips with conviction.
Alternatively, if team wants to share the reward with newcomers as well, it could be done in such a way where people who held >10 Fold since a fixed date in June/July and >100 Fold after that date are eligible. I lean towards rewarding early supporters in greater proportion because rewarding loyalty sets a good precedent and is beneficial for ones who have held with conviction & belief in the team’s ability to deliver.
First of all, Sam you are such a gentleman to offer your lobsters to Manifold community. Congrats.
I would say keep one Lobster for yourself. The other 5 should not be sold. The rewards of incoming airdrop will be much more I believe.
We should use those airdrop as an incentive for holders and future holders. I also think we should incentives hodlers more when Fold was below 10 usd and hold it.
It is neat to have a leader who even brings this up, is this transparent, considering devs/builders who think it’s their ‘God given right’ to keep alpha when they run across it in their duties lol
