Pike
@pikefinance
We just hosted our first Town Hall, sharing key updates on our progress, financial history, and vision for the future. If you missed the call yesterday, check out this tl;dr for the highlights: 🧵 (1/9)
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Pike
@pikefinance
2/ Starting off, we want to reiterate our commitment to financial transparency. Which is why we've released a detailed breakdown of our current cash position, treasury holdings, and monthly operational costs: https://nutsfinance.notion.site/Q4-2024-Financials-15967c9632cd80138d6ada30a0981989?pvs=4
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Pike
@pikefinance
2/ Moving on to the Token Buyback program: Pike has spent $730k of the budgeted $960k, acquiring >51% of the circulating supply. Plans for a second buyback program are being organized for Q1 of 2025, with a budget of up-to $2m.
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Pike
@pikefinance
3/ In terms of team building and organization: We've restructured our departments, focusing on... • A dedicated smart contract team • Rebuilding our dApp product team (UI/UX) • And restructuring the growth and community functions
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Pike
@pikefinance
4/ We also covered some upcoming community initiatives: Commemorative NFTs: We're introducing these as an alternative to Discord roles for reward tracking. Requirements for the NFT are not confirmed yet, but we'll be targeting Keeper of P participants and Pikenians NFT holders.
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Pike
@pikefinance
5/ Speaking of community, you can't have it without PIU! PIU remains pivotal for community-building, which is why we're planning a relaunch of the platform. The upgraded PIU will involve new a tokenomic design and will serve as a testing ground for new, community-focused ideas.
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Pike
@pikefinance
6/ Regarding our vision for the product: We believe there's a missing stage between the progression of the current single chain lending/borrowing experience to the cross-chain experience. The new Pike market will address the gaps in that missing stage.
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Pike
@pikefinance
7/ And lastly, our vision for our team: We spent the last 7 months restructuring our internal team and processes. We're well-aware of the current market momentum, and we are 100% focused on getting ourselves equipped with the right talents to capture this.
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Pike
@pikefinance
8/ And that's all folks! Remember to check out our Community Dashboard for transcripts and recordings of the Town Hall. https://nutsfinance.notion.site/Town-Hall-2024-12-11-15967c9632cd80508d8ad04533081877?pvs=4
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