🇫🇷 Disponible dans le 2ème post
🇺🇸
Proposal Summary:
This proposal aims to allocate a total budget of 500,000 REG tokens to Mt Pelerin in several tranches to allow users less familiar with DeFi to purchase REG without slippage at the market price.
Two management options were proposed:
- a smart contract with a whitelist
- a direct transfer to Mt Pelerin in tranches.
Following discussions on the forum and with Mt Pelerin, the option of direct transfer to Mt Pelerin in tranches seems to be the most suitable given Mt Pelerin's availability and to limit costs for the DAO.
The onChain vote will therefore focus on the approval or not of the option of direct transfer to Mt Pelerin in tranches as defined in this proposal.
Motivation:
The goal is to make the acquisition of REG tokens more accessible to less experienced DeFi users while maintaining a stable price aligned with the market. This initiative aims to expand the user base of the Realtoken DAO and facilitate participation in governance.
Specifications:
- Total amount allocated: 500,000 REG
- Initial transfer: 100,000 REG
- Subsequent transfers: 50,000 REG
- Partner: Mt Pelerin
- Sales method: At market price, without slippage
- Management options:
Smart contract with a whitelist of authorized addresses- Direct transfer to a Mt Pelerin wallet
- Transfer conditions: Mt Pelerin can retrieve the next tranche every 50k REG sold after delivering a sales report to the DAO.
- Sales fees: are directly taken at the time of payment according to Mt Pelerin's current conditions, the DAO does not pay additional fees.
- Management of undistributed REG: RealT will be the partner for managing REG not distributed to Mt Pelerin, the DAO can vote later if it wishes to recover the management of these funds.
- Custody fees for undistributed funds: RealT will take a fee of 0.25% paid in REG for the custody of undistributed funds
Context:
Many investors on RealT.co and therefore in the Realtoken ecosystem are not familiar with DEXs for trading and using DeFi.
Allowing the purchase of REG on Mt Pelerin will enable the Realtoken DAO to reach a wider audience who wish to gradually discover DeFi and the Realtoken ecosystem.
Allocating a budget to a partner like Mt Pelerin will ensure fiat/REG exchanges, reducing risks for the partner, allowing them to offer various payment methods such as credit card, bank transfer, etc.
Implementation Steps:
- Discussion on the DAO forum
- Choice of management method (
smart contract or direct transfer)
- Approval of the proposal by onChain DAO vote
If the vote is successful and the smart contract option is chosen:
Development of the smart contractAudit of the smart contractnew onChain DAO vote for the transfer of 500,000 REG to the smart contract
- If the vote is successful and the direct transfer option is chosen:
- Transfer of 100,000 REG to Mt Pelerin (0x9A760aa1Fe631fD9aC0Aee0965736121c7c132cc)
- Transfer of 400,000 REG to RealT (0xb65A382E536cf80A792e10b1FF24f3C04845d4A3)
- Implementation of the sales system on the Mt Pelerin platform
- Regular monitoring and reporting of sales and REG stock (every 50k REG sold)
Team:
- RealT technical team
- Mt Pelerin team for integration and sales management
Budget:
- 500,000 REG from the DAO treasury
- Fund management fees of 0.25% paid in REG (400k REG * 0.25% = 1000 REG) -> 0xF5383bc332e01F066EDB84a6647066DA02695eA7
Smart contract development fees (if chosen)Smart contract audit cost (if chosen)
Financial Implications:
- Direct cost from the treasury: 500,000 REG
- Fund management cost: 1000 REG
SC development cost: to be determined (if retained)Potential revenues: Sales fees to be determined with Mt Pelerin- Exchange of REG for stablecoin for the DAO treasury (500k REG *1.9$ = 950k$)
- Potential significant increase in the circulating supply of REG by ~ 51%
Roadmap:
- Discussion on the DAO forum: 7 days
- Read-only onChain vote: 1 day
- DAO vote: 7 days
- Queue: 2 days
Development and audit of the smart contract (if chosen): 4-6 weeks- Implementation on Mt Pelerin: 2-3 weeks
- Launch: As soon as the system is operational
Objectives:
Allow newcomers to purchase REG without slippage and use them to participate in governance, without having to deal with DEXs.
Obtain stablecoins for the DAO treasury, which will allow funds to be allocated to various projects, support the REG price, add liquidity to RMMv3, distribute incentives, etc.
Success Metrics:
- Number of new users acquiring REG via Mt Pelerin
- Volume of REG sold monthly
- User feedback on ease of purchase
Alignment with the Mission:
This proposal aligns with the Realtoken DAO's goal of expanding its user base and facilitating access to governance while maintaining the stability of the REG token price.
Key Terms:
- REG: Governance token of the Realtoken DAO
- Slippage: Difference between the expected price and the executed price during a transaction
- Mt Pelerin: Cryptocurrency exchange platform
- DEX: Decentralized exchange platform
📍 CHECK-LIST: ( 🔲 : under discussion / ✅ : finalized / ❎: not applicable )
âś… Proposal Summary
âś… Motivation
âś… Context
âś… Implementation steps
âś… Team
âś… Budget / Allocation
âś… Roadmap
âś… Objectives
âś… Key terms
