DAO INVESTMENT SUCCESS.

22 Jul 2023, 03:27

DAO INVESTMENT SUCCESS! The King Shiba DAO has had a 3rd successful DAO investment with the community BNB pool raking in 2,073 USDT in profit! Due to the large price increase in the recent week since LP was removed along with large volume we also acquired 1,925,346 $KINGSHIB in fees. Due to the nature of how liquidity pools work, due to the large increase in price of $KINGSHIB it would be a bad outcome for the communities BNB pool to be completely readded at the current price, as it could cause significant LP % loss to the pool, essentially giving people exit liquidity at a higher price then should be. We have a couple idea cooking for how to move forward thus being: #1 Hire Market making Firm and hand off Liquidity which was not added to create additional volume and price action for $KINGSHIB across exchanges. #2 Split the LP up into 2 parts, handing off half to market makers for volume and price action and hand off the other half to KingsFund at the end of this Quarter to gain additional profit for Buy back and burns on $KINGSHIB. #3 Slowly re-add the BNB back to the pool 1 week at the time over a 10-15 week period to ensure fair distribution of Liquidity. We are open to more ideas before we create the actual DAO vote for the community to have their say so please reply to this with them! We have Burnt the fees earnt over the past week (1,925,346 $KINGSHIB) and also the brought back tokens (426,324 $KINGSHIB) Burnt tokens: 2,351,346 $KINGSHIB - $10,814 Txn: Buy back: Total tokens burnt from DAO investments: 7,663,938 $KINGSHIB - $37,246.73 - 1.82% of Circulating supply