jasonmeinzer.eth 🎩↑
@jasonmeinzer
@bountybot $50 initial $USDC bounty for the best suggestion on a high-level v1 framework for implementing $CLANKERINDEX distributions. Deadline 11/29/2024. Details are posted below via a reply to this cast. Reply directly to this cast with questions, etc. Thanks in advance for any consideration!
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jasonmeinzer.eth 🎩↑
@jasonmeinzer
(1/4) BACKGROUND The Clanker Index is a synthetic index fund envisioned to provide holders exposure to the Top 25 Clanker tokens by market cap, such as $ANON, $LUM and $BLONDE amongst others. MEMETICINDEX The Clanker Index is the debut vehicle from memeticindex(dot)com, a platform for innovative onchain synthetic index funds. Distributions, if any, are intended to be airdropped or made claimable monthly to token-holder wallets, allocated pro-rata based on individual holdings and the index’s collective performance across the Top 25 tokens.
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jasonmeinzer.eth 🎩↑
@jasonmeinzer
(2/4) DISTRIBUTIONS The Distribution Methodology (subject to change) proposes to allocate 25% of the prior month’s LP fees obtained by the fund for distributions to the Top 50 token holders for index performance between 25% and 199%, 50% for performance between 200% and 499%, and 75% for performance exceeding 500%. For example, if $10,000 in fees were collected and the index achieved 250% performance (e.g. total market cap grew 2.5x from $100M to $350M), $5,000 could be distributed to holders. A wallet holding 10% of the total supply could receive $500, while a wallet holding 1% could receive $50. (cont.👇)
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jasonmeinzer.eth 🎩↑
@jasonmeinzer
(3/4) BOUNTY 50 $USDC to the best submission chosen; eligible entries meet minimum requirements. DEADLINE 11/29/2024 QUESTIONS Reply directly to this cast! (cont.👇)
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