0x1aa55a5f…bdacsent to0xf790a5f5…1365·#22,094,017·view on Etherscan
Since our second dao mandate covered our operations for 6 months but we kept going for 12, the $nogs have been sold last year to cover the development expenses for the second half of the year. That was the priority.
The lp fees were a revenue asset of the company, we consulted with our accountants and ultimately had to withdraw them and paid the relevant taxes.
Again, this event refers to last year and that’s why for this mandate we opted for a longer dilution of the stream (12 months instead of 6).
Being a company and being this the full time job for the entire team, the survival of the operations has the priority and since nogs was our core product of 2024, we used it to ensure the continuation of our operations and our pipeline of products.
As we stated in the prop of the current mandate, the fact that we had to absorb internally the 30% cut of the initial budget led us to slightly redefine our workflow.
The AI agent is being developed having in mind the goal of this being able to absorb that 30% cut and, through its evolution, creating enough recurring revenue to support the operations of the team and to reward the ecosystem for next year and beyond.