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:
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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:

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Links: https://linktr.ee/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

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.

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

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.

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.

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.

8/ And that's all folks! Remember to check out our Community Dashboard for transcripts and recordings of the Town Hall.

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

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.