ZKFG-008 is live.
It gives every holder outside the 65% supermajority group a high-premium exit at 15 cents.
Additionally extra
$ZINC for the early backers who stayed with us before ZINC launched.
That supermajority was bought entirely on the open market, and will be excluded completely from any redemption.
We have been working with the
@MetaDAOProject team and speaking with advisors who are exceptionally familiar with the finance space.
We also had calls with MetaDAO investors who understand the system and have taken that advice on board.
These include
@WhiteWhaleLabs (Serial Founder),
@fengtality (Founder
@_hummingbot and Silicon Valley Finance Guy with decades of experience) and John McNiff (CEO of Theia: Liquid Fund and Investor in MetaDAO)
Credit to MetaDAO for working through it with us.
This was never a fight.
It's about the cleanest exit for everyone holding ZKFG.
The 15 cents gives every holder outside the supermajority a premium exit, and the extra
$ZINC looks after the loyal supporters who have stood by us from the beginning.
And once agin, the extra
$ZINC excludes the supermajority group.
TWAP trading starts in 23 hours.