Hey all.
We just want to let everyone know that multiple users are paying $10 USD for one KINIC memory deploy. I expect this is due to how easy it is to just pay with a card.. for ‘normal’ non-web3 people this is the way.
We fleshed out how we plan on dealing with the arbitrage of DEX price being $1 and market purchases being $10 in the Tweet below.
Most simply we can buy and burn KINIC from market. As more users come the prices should converge faster.
We wanted to open up a discussion pre-motion proposal.
Primary goal is to make KINIC short term deflationary and drive market value back into the DAO’s native token KINIC. After we reach market value we can add more liquidity to DEX and CEX to make a robust support.
One other item for discussion is if we want to burn some of the DAO treasury or use it for some form of awareness campaign.