Every sell of $CMD incurs a 2% tax sent to a wallet called "The Graveyard." Every 7 days, The Graveyard's entire balance is airdropped to ONE random wallet that has held $CMD continuously for 7+ days without selling or transferring. The longer you hold without selling, the more weekly lotteries you're eligible for. If you sell, your timer resets and you watch from the graveyard. The airdrop winner is selected on-chain using the same Chainlink VRF that built this contract. Winners get announced, holders get richer, sellers fund the whole thing.
Every sell of $CMD incurs a 2% tax sent to a wallet called "The Graveyard." Every 7 days, The Graveyard's entire balance is airdropped to ONE random wallet that has held $CMD continuously for 7+ days without selling or transferring. The longer you hold without selling, the more weekly lotteries you're eligible for. If you sell, your timer resets and you watch from the graveyard. The airdrop winner is selected on-chain using the same Chainlink VRF that built this contract. Winners get announced, holders get richer, sellers fund the whole thing.
Every sell of $CMD incurs a 2% tax sent to a wallet called "The Graveyard." Every 7 days, The Graveyard's entire balance is airdropped to ONE random wallet that has held $CMD continuously for 7+ days without selling or transferring. The longer you hold without selling, the more weekly lotteries you're eligible for. If you sell, your timer resets and you watch from the graveyard. The airdrop winner is selected on-chain using the same Chainlink VRF that built this contract. Winners get announced, holders get richer, sellers fund the whole thing.
Journey, Purpose, Growth, SuccessJPGS is a beacon for those in pursuit of a meaningful life, offering wisdom from global experiences. They guide individuals through the realms of journey, purpose, growth, and success with insights that inspire action and transformation.eip155:1/erc721:0x282bdd42f4eb70e7a9d9f40c8fea0825b7f68c5d/3009
# Proposal for Investment of YAM DAO Treasury
# Yam.Finance DAO Community
Proposal: Investment of YAM DAO Treasury in WAGMi Fund II Managed by WAGMi Venture Capital Management Limited
## Executive Summary
We propose investing the YAM DAO Treasury in WAGMi Fund II, under the guidance of Eason Gao and WAGMi Venture Capital Management Limited. This initiative aims to leverage their extensive experience in the web3 sector to foster strategic growth and diversification of YAM DAO's treasury.
## Why YAM DAO?
As a long time supporter of YAM DAO, it is time to utilize its treasury to generate more value for the YAM token holders. The investment period is for 2 years which I believe will coincide with the current bull market. I have confidence in Eason Gao and WAGMi Venture Capital Management Limited and will be voting with my YAM tokens and will be holding my tokens until distribution from the fund. YAM DAO has completed a token holder treasury redemption from the treasury before and I would vote for another one after distribution.
### Link to additional information from WAGMi Ventures:
<https://www.wagmiventures.co/#fund>
### Deposit addresses for WAGMi Ventures (Cross referenced in the link above)
### ETH and USDC: 0xec0b0e2dc25e50d8b6706eb39d6c4a202dac8f5f
## Why Eason Gao and WAGMi Ventures?
1. **Expertise and Leadership**: Eason Gao's blend of academic and professional experience positions him as a leader with profound insights in blockchain technology.
2. **Global Market Insight**: WAGMi Venture Capital Management Limited brings a wealth of international experience, offering a broad perspective essential for navigating the global web3 landscape.
## WAGMi Fund I: A Proven Track Record
* **Technical Expertise**: Fund I's team, with their deep understanding of blockchain and Web3, hails from leading tech companies and top-tier universities.
* **Value-Added Investing**: Fund I's strategy included providing portfolio companies with critical resources, including VC introductions, exchange liaisons, and media connections.
* **Global Network**: Utilizing a comprehensive international network to secure investment success.
* **Diverse Team Experience**: The team's varied backgrounds from prestigious firms enrich their strategic approach.
* **Historical Investment Performance**: The fund has invested in twenty portfolio companies across various industries within web3.0, including infrastructure and decentralized finance, achieving 44% annualized return in Fund I.
## WAGMi Ventures Fund II
* **Fund Terms**: WAGMi Ventures Fund II targets a fund size of $3-5 million, with a minimum subscription of $200,000 and a management fee of 2% of AUM during the investment period.
* **Investment Strategy and Focus**: The fund adopts a mid-to-long term investment strategy, focusing on structural value investment and value creation. It emphasizes identifying niche sectors with high growth potential and providing in-depth, value-added services.
* **Risk Control**: The fund employs a comprehensive risk management strategy, including a disciplined investment process and diversified investments across industry sectors and geographic locations.
* **Regular Updates**: Commitment to transparent communication with Quarterly updates and detailed annual performance reports.
## Terms of Investment
### **<u>Fund Structure</u>**
**Fund:**
WAGMI Ventures Blockchain Fund II
**Limited Partner:**
WAGMI Ventures Limited
**The Manager/ General Manager:**
WAGMI Venture Capital Management Limited
### **<u>Fund Terms</u>**
**Fund Size:**
$3-5 million
**Minimum Subscription:**
$200,000.00
**Management Fee:**
2% of AUM during Investment Period
**Investment Period:**
2 Years
**Profit Distribution:**
GP:0.00% YOY Returns <5%
GP:20.00% YOY Returns 5%-40%
GP:30.00% YOY Returns > 40%
**Operation Mode of the Fund:**
Close-End
**Custodian of the Fund:**
HTX Institutional Account
**Legal Counsel:**
Chuangtian Partners