[PASSED] - SGTM 001: Converting $5M GTC to Stables

Thanks, @jengajojo!

I appreciate you highlighting the need for clarity around our swapping mechanisms, especially concerning the potential ‘ceiling price’ impression from token sales. I acknowledge I could have been clearer in my wording.

On-chain swaps def ensure transparency and are trackable by the community, while off-chain methods like using Coinbase offer reduced costs and can handle large volumes securely.

It’s worth noting as well - we are not solely relying on this for our diversification strategy. I’m currently exploring solutions with over a number of partners and would love community input (including yours) on what would be an amenable solution.

Should we continue with an option like Coinbase for these swaps and update the proposal, or would another platform better align with the community? Now that you’ve outlined the considerations you have - What are some proposed solutions that would change your vote to a ‘yes’?

2 Likes