Garrett
@garrett
Rainbow makes a seemingly unsolicited proposal to acquire Clanker for 4% of the total supply of $RNBW which hasn't launched yet. My initial reaction is that it seems crazy for Clanker to entertain this offer with these terms but this offer does get at the issue of the lack of value accrual for $CLANKER - Clanker team could just do some of this themselves and create a flywheel with a clearer vision of Clanker's future. Big fan of the Clanker team @dish @lobstermindset.eth @m00npapi.eth and others who have contributed to Clanker's success. Feels like an inflection point and I'm hopeful that Clanker will continue to be a project that we can all be excited about into the future.
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laprade
@laprade
While the $RNBW is an attractive piece of the consideration (~20% of the circulating supply at TGE), I think you're also glossing over some of the other asks that $CLANKER holders have been clamoring for. 1. Distribution of 100% of the Clanker treasury to token holders. There are good public dashboards to do your own research on the estimated value of the treasury. 2. 100% of Clanker protocol fees to be distributed to token holders.
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Garrett
@garrett
Fair but I don't think that Clanker needs Rainbow to solve those issues. Fwiw I respect the offer and it's a good move by you and the Rainbow team!
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Apex777.eth
@apex777.eth
Explain to me how you ended up at 4%? For example, if I hold 1% of Clanker token, you guys take over, I'm then getting 1% of the rev share. After TGE, I get some RNBW, but I now have 1/25 the rev share power I once had. I guess more details on other token allocations, vesting info, can vesting tokens stake etc would be good.
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