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BORED 🥱
@bored
An interesting and potentially impossible challenge… 8 months ago the $BORED token launched on @base, with almost the entire pre-raise going towards a locked liquidity pool. Now, as you can see, that LP is way too big relative to market cap. This makes no sense and doesn’t help the community. The token which was launched via @partydao does earn the treasury fees from trades, but volume is quite low. The goal here is to move as much of the funds from LP to treasury, so if anyone has creative and ethical ideas, please let me know and a generous reward may be coming your way.
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Boiler(Chris)
@boiler
I’m not sure if pulling liquidity to go into a treasury can be ethically done. Isn’t that, by definition, a rug? It’s always been an issue, does a DAO holding its own tokens, actually have any value? Probably the DAO should be looking to burn tokens here, not cash them out.
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