Why do we fundraise and what is the state of dev funds?
Hello SOULdiers,
many of you have asked why don’t we use the dev funds to pay for Certik audit and marketing.
To explain the state of projects funding I’ll start with two links to two of our account holding dev funds:
Treasury- https://bscscan.com/address/0xB00b57cc4b922A2C009319c1B714CF2149Af1393
Salary account — https://bscscan.com/address/0xB00b57cc4b922A2C009319c1B714CF2149Af1393
You can find the current balance of both wallets summarized in the table below — 18026$ at the moment of writing, out of which:
- 9574$ is secured for the staff salaries (denominated in SOUL)
- 1526$ in DSL and equivalent in DSL comes from removed V1 DSL-BNB LP and will be used as seed liquidity in V2 LP
- That leaves us with approx 5374$ left.
Following that information, we’d like to also mention that at this moment the one and only source of income is the 10% of daily DSL distribution equal to 2880$DSL (140$ @ current rate) — out of which most has been burned or locked in liquidity (LP tokens are locked in “liquidity adder contract linked above).
To summarize — at this point the treasury owns 5374$ of spendable balance — which is not enough to pay for the Certik audit or “Youtube and Twitter shillers” demanded by our community. This is why we have decided to run a fundraising campaign, with a 15000$ goal — equivalent to a 2.1$ donation per holder. It seems a reasonable and achievable target.
To further reward our SOULdiers we have decided to award:
- all 500$+ donations with a special uncommon NFT badge
- all 1000$+ donations with a special rare NFT badge
- all 10$+ donations will take part in a lottery with 5 x 100BUSD rewards
