MetaDAO Proposes Sale of Up to 2 Million Newly Minted META Tokens

MetaDAO community introduces a 30-day sale of META tokens, with proceeds in USDC added to its treasury and unsold tokens set to be burned, ensuring transparency in transactions.

USDC

Summary

The MetaDAO community has proposed selling up to 2 million newly minted META tokens at market price or a premium over the next 30 days. Proceeds will be allocated to the MetaDAO treasury in USDC, and any unsold tokens will be burned. All sales, including counterparties, amounts, and prices, will be disclosed within 24 hours.

Terms & Concepts
  • DAO (Decentralized Autonomous Organization): A blockchain-based entity governed by smart contracts and community consensus rather than centralized management.
  • Token Burn: A process where cryptocurrency tokens are permanently removed from circulation, often to reduce supply and potentially increase value.
  • USDC (USD Coin): A stablecoin pegged to the U.S. dollar, used for trading and storing value with minimal volatility in the crypto market.