Execute TransferSnsTreasuryFunds proposal.
Kinic DAO (LIQUIDITY PART 2)
This proposal will release 10,000 ICP from the Kinic Treasury to the Kinic Developer Organization (KDO) for the below purpose.
This is a continuation of the last proposal to extend liquidity to ICP DEXs. Liquidity <> burning <> bridging <> buying.
The ICP from this proposal will be used to provide liquidity on ICPSwap. Other than this proposal there are plans by multiple parties (outside of the ICP community) to purchase thousands of KINIC tokens and join the DAO.
DAO members are engaging on the forums and OC to discuss and plan to bridge KINIC to other DEX such as Aerodrome and HyperLiquid. This will result in the above acquired KINIC locked on ICP for bridging.
Another proposal is likely to come in a few weeks to burn 250,000 KINIC from the treasury. This will equate to a net token loss in the total supply of KINIC (deflation) for the first two years of the DAO.
Once again, people are already acquiring KINIC via the Chrome plugin at a rate of $10. All DAO members should aim at accelerating the price convergance from the current DEX value of KINIC ($1.1) to the real value of KINIC ($10).
Proposals can be used by any member of the Kinic DAO to suggest alterations or reprioritizations of goals. These proposals can be discussed on OpenChat.