Reddit Hot Post: “Altseason” Will Never Return, But No One Wants to Admit It | Bee Network
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Original Compilation: Chopper, Foresight News A group of activist investors (or treasury “raiders”) are pushing forward a proposal for a treasury redemption plan targeting GNO token holders. GIP-150 proposes a one-time, voluntary, pro-rata treasury redemption scheme. If the proposal passes, supporting holders will proportionally share a portion of the over $220 million in reserve funds from the Gnosis DAO treasury. This proposal comes less than six months after Gnosis DAO voted to remove former treasury manager KPK. Proposal initiator Wismerhill stated that the market price of GNO tokens has been at a persistent and widening discount relative to the net asset value of the Gnosis DAO treasury. He added that despite the DAO recently allocating $22.5 million to Gnosis Ltd, the token’s discount to net asset value has further widened,…# Analysis# bitcoin# crypto# defi# ethereum# Exchange# Market# Meme Coin# TokenPre
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- Original Source: Reddit Original Compilation: TechFlow My post yesterday seriously pissed off the permabulls. They offered no substantive response to my points about changes in crypto liquidity, ju...