[SUZUVERSE] Proposed New DAO Vote: Proposed Change from Profit-Sharing to Buy-Back
Dear DAO Members
Partnership Structure in SUZUVERSE DAO,
We propose to change from a profit-sharing model to a buy-back model.
Voting Period: April 1, 2012
- Duration: 1 year One week from November 7 to November 14, 2024
- Voting Methods:.
- Go to the voting page: Vote for your favorite candidate. Snapshot Voting Link
- Log in using your wallet or connect via the voting platform.
- Please review the details of the proposal.
- Vote for or against changing to a buy-back model.
To learn how to vote, please click here: VOTING INSTRUCTIONS How to vote for Suzuverse DAO?
In order for DAO members to be eligible to vote, they must stake their SGTs to xSGTs; see here for instructions on how to stake SGTs:. How to Stake SGT to xSGT
Please note that only SGTs on ethereum (ERC20) can be staked to obtain voting rights.
Click here to learn how to migrate SGTs on the Polygon network to the Ethereum (ERC20) network:How to migrate SGT from the Polygon network to the Ethereum (ERC20) network?
Proposal Details:.
- Current Structure:. Profit sharing from the Suzuverse management company to DAO members is suspended until January 2026.
- This proposal:. In lieu of suspension of profit sharing,To use half of our profits to buy back SGT tokens on the marketproposal. The buyback has already been voluntarily implemented since April.
- Reason for proposal:. In order to support the global success of Suzuverse and its future listing on Nasdaq, we believe that distributing profits directly to the DAO would be an impediment to meeting the Nasdaq listing requirements.
- Remarks:Past losses are carried forward.
This is an important decision to reorganize our partnership structure. However, this change will not have any significant economic impact in the short term.
The opinions and votes of DAO members are important to us. Please participate in the voting process!
Thank you for your continued support of SUZUVERSE.
Contact SUZUVERSE Customer Support Department
support@suzuverse.com