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Memo 0x0a711167…331075 on Ethereum

lil-noc@0xae47...5Fed You keep switching your narrative adding as many things as possible. Which part is a conspiracy? Don’t know, maybe you accusing us of money laundering and so on? Saying around that I want to steal the current LP liquidity, that I want to add new allocations to me in the new upgrade, that I want to use the 50eth for myself even after I specified that every acquisition will be owned by the nogs ecosystem? Now I’m also guilty for all our successful mandates and for the revenue generated through our products with the goal to become self sustainable? Something that was heavily encouraged by the DAO back then. And which allowed us to keep going for 12+ months with a prop that was supposed to cover only 6 months of work. We did a lot during these 3 years, delivering initiatives, products and support to communities which I believe everyone was extremely happy about, you included, probably more than anyone. Now everything we did in the past 3 years magically became questionable. Once again, hopefully for the last time. I made a huge mistake last year with those unusued nogs and I’m paying for that. I have been idiotic, I do not think I’m a buffoon, tho I appreciate you might find some comfort in some blunt bullying, I guess that’s your mo, we all have our cup of tea. We’re about to fix last year’s mess now once and for all. Again, trying to steal these nogs assets from Nouns is absurd, but I guess it’s perfectly in line with your hidden agenda for Lils and your revenge. I guess the DAO will decide. Good luck! > @0x1AA5...BdAC > > confused which part is a conspiracy, and I definitely never called you a genius, here are the facts: > > - you sold 100s of thousands of $ of NNS NFTs > - you took 100s of thousands $ from Nouns props > - you sold 100s of thousands $ of nogs via 10+ wallets > - you took $70k+ from party fees to yourself > > So you made millions of dollars for a product that literally has less than 10 users rn, and still near-zero communications or attempt at community building. If you look at all the drawings in the proposal, I am pretty sure they paint you as a buffoon, not an evil genius, so I think you're good on that front. This is not a raid, this is my recommendation to cut ties with NNS due to potential fraud. Incase you haven't realized, none of this is for my own benefit, I am looking out for the community but I understand you cannot not grasp this concept. > > I don't need to make my statements more credible, they are the truth and all your actions are on chain for everyone to see for eternity. > > ⌐◨-◨ > > > @0xae47...5Fed > > > > I sent that DM on 25/11/2024 and I was referring to the fact that the chart seemed ready for a move - in fact, it made x2 over the next few days. > > Stop using this false narrative every time you feel you need to make your statements more credible. > > > > Believe it or not, 1 year ago I’ve offramped only what was strictly necessary for running the team for the second half of the year, hence 99.5k. That also included the unlocked nogs from our vested allocation (which will be completely renounced in the upcoming upgrade with everything else). > > > > The rest of the unusued nogs have been mismanaged in a series of idiotic and naive mistakes I made during those months. They started with a naive plan to try to stop the decline of that market correction period and ended up in a loop that took me months to escape from. > > > > That’s why I’m so angry and ashamed with myself and that’s why I’m going to do whatever it takes to reinject the loss from that *17% supply into the nogs ecosystem. > > > > And I know it doesn’t change Anything, the mess has been made. > > But I did not profit from those nogs, there has never been any evil scheme, and that’s just not who I am. > > > > The storyline you painted over the past few months made it seem that dotnouns just up and went from being one of the most reputable builders of the ecosystem to this crazy person who all of a sudden made this evil and well thought robbery, but that’s not true. > > > > Mostly anyone here can open their DMs, read the chats they had with me and see how I always deeply cared about this ecosystem and every single community. > > > > All this to say that I’d rather be “dotnouns the idiot who lost money for nothing and almost destroyed his best project” than “dotnouns who made fun of everyone for 3 years to then escape with the money”. > > > > I don’t know which one is better tbh. > > Probably someone could find more dignity in a successful robbery than in being an idiot, but the truth is this and I’m living with that. > > > > Again, absolutely nothing changes. > > But the version of dotnouns who just took the money, caring only about himself and his profits, who for some reason is still around building nogs for the ecosystem simply doesn’t make sense. I hope everyone can see this. > > > > You can continue to use your own narrative for your own benefit of course and some people will even believe you. > > > > Time will show everyone that a lot of your conspiracies about what happened and about our evil plans with the new nogs upgrade were nothing but a figment of your imagination. > > > > Good luck with this raid attempt. > > > > Cheers > > > > > > > > > > > There is no rage, just facts - you ignored your own whitepaper and dumped 20% of the supply, took all the fees of community LP and offramped for yourself... and sent me direct messages saying "don't sell we are going to take off" whilst you were literally dumping billions of nogs.... > > > > > > This is not a raid of the nogs, this is putting the nogs to actual use. I do not want to be in the loop with you, as you are doing nothing of benefit to anybody except yourself and that it is pretty clear by your actions. > > > > > > You recently withdrew 148eth from the community raised LP, you could easily make Lil Nouns whole yourself, but you have no intention to do that, so I will run this prop. > > > > > > Cheers > > > > > > +1 > > > > > > > @0xae47...5Fed > > > > > > > > - No, I was obviously referring to all the times we heavily supported and promoted Lils in every product we released since we started and without any prop to their DAO. > > > > This also includes the HUGE allocation of nogs we gave to holders during the launch, nogs that have mostly been sold creating a substantial profit for Lils members and for many others that continued to buy Lils from secondary to get their above average nogs allocations. > > > > > > > > I think our multi year support for Lils is indisputable and everyone in the Lils community (you being the exception, apparently) can confirm this. > > > > > > > > - ⁠No, of course the reality is much simpler than this once again new conspiracy theory. > > > > > > > > “Value” because as we develop the nogs ecosystem and the price of nogs increases, the token held in the dao would simply and consequentially have more value. And since it’s currently valued 41k$ at just 600k of MC we are talking about a lot of value for the DAO, which is our goal. > > > > > > > > “Utility” because, being an utility token that allows holders to do many things, the plan is to allow Nouns (and Lils) holders to interact with some token utilities directly through the allocation in their dao, expanding the possibilities to play with products and new features even if you don’t actually own nogs in your wallet. > > > > > > > > I’m the same person totally committed to the ecosystem I’ve always been these years. > > > > I made an incredibly stupid mistake, I’m paying for this every day and I will fix it no matter what. > > > > > > > > I’m not going anywhere and I’m continuing to work to bring innovation into the ecosystem. > > > > We are still here and our platforms are still active even after years. > > > > > > > > I know you will answer to this with other accusations and rage, but I’m already totally committed to fix this mess and make nogs a success. The only thing I can do right now is to be focused on this. > > > > > > > > But raiding the nogs owned by the DAO is not the way and surely it’s not how you are going to "make Lils great again". > > > > > > > > When and if you want, I’d be more than happy to bring you and noc into the loop again and start to share new ideas and push boundaries like we did together for years. > > > > > > > > > > > > > > > > > > > "And I swear, as always for anything we release, Lils will stay at the head of the curve too. " > > > > > > > > > > - you mean like when Lil Nouns put in 15e to the Party raise expecting LP fees splits and you robbed all the LP fees for yourself and then dumped 20%+ of supply on us? > > > > > > > > > > Total smoke and mirrors on your end and anyone engaging with your products is at risk of losing all their money, so at this point the safest option for Nouns DAO is to cut ties onchain via proposal to protect our community old and new. > > > > > > > > > > "The $nogs in the Nouns treasury are extremely important because they will allow Nouns treasury and Nouns holders to benefit (in terms of value and utility) from everything that’s coming this year. " > > > > > > > > > > While the above statement suggests that $NOGS holders expect to gain value from the efforts of NNS, which could indicate that $NOGS meets the Howey Test criteria for a security, a definitive determination would require a comprehensive legal analysis considering all relevant facts and circumstances. Your clearly fraudulent behaviour and the fact we are still not sure if NNS Labs the entity even exists, further muddies the waters surrounding you and this project and does put our community at risk. > > > > > > > > > > +1 > > > > > > > > > > > The $nogs in the Nouns treasury are extremely important because they will allow Nouns treasury and Nouns holders to benefit (in terms of value and utility) from everything that’s coming this year. > > > > > > > > > > > > And I swear, as always for anything we release, Lils will stay at the head of the curve too. > > > > > > > > > > > > I already stated that the mismanagement of those unused nogs last year and the absence of communication has been incredibly naive and, believe it or not, it still haunts me every day. > > > > > > > > > > > > I’m so angry with myself about how the mess of those months has been able to obliterate everything I did in the past 3 years, but, even if It’s been a huge setback from every point of view, nogs is our #1 priority and with it, also Nouns and Lils and the other communities. > > > > > > > > > > > > I’m personally recovering from the second surgery of the year and I’ll be back in a few days, but the dev team continued to work and we are ready to release the upgrade of nogs this week. > > > > > > > > > > > > Apart from the changes in supply and decentralisation I’ve already shared, we are also ready to release the following: > > > > > > > > > > > > - Nouns Redeem: The Nouns acquired through the acquisition program will be managed by nogs holders. Holders will be able to vote and even sponsor proposals using those Nouns. Plus, anyone will be able to burn $nogs and claim a Noun from the pool. It’s very similar to $nouns swap, but every claim will burn a dynamic amount of nogs instead, benefiting the whole nogs ecosystem. (https://imgur.com/a/zGn1MRp) This will be released for Lils too and then for other communities. Implications of this system can be massive and I will create a more detailed thread soon. > > > > > > > > > > > > - Redemption program: our priority will be to reinject in the ecosystem 400k from revenue from any kind of future activity and product. This will be achieved through a Buy and Burn $nogs program. We expect to gradually complete this program within 6-8 months, but even after that we will continue to tie the eth -> nogs conversion from product fees to everything we are going to release. I won’t rest until I’ll be able to bring back that amount back in the ecosystem. > > > > > > > > > > > > I want to show everyone that the vision around $nogs is right and that it can create a massive impact across the ecosystem. I made a mess and your anger towards me is perfectly understandable. > > > > > > > > > > > > Just wait for this second half of the year and let me make amend for my mistakes and support Nouns, Lils and the rest of communities at the best of our capabilities like we always did during the past years. > > > > > > > > > > > > Let us work these months and if I fail you will be free to make all the props you want, but until then, let me show you with facts that your time supporting us and our products was not a distraction. > > > > > > > > > > > > While selling those nogs was definitely a mistake, I’m not going to talk again about the reasoning that led us to reallocate our presale. Once again, I’m extremely sorry if anyone feels robbed by me or NNS in general. My DMs are always open. We’ve already discussed plenty about this and I don’t want to take attention away from the most important thing, which is that nogs is still here and despite many complications we’re still working. If my words are not trustworthy enough, you’ll see from next week that this is all true. > > > > > > > > > > > > I honestly can’t wait to show you all what we have in store. > > > > > > > > > >