0x1aa55a5f…bdacsent to0xf790a5f5…1365·#22,823,134·view on Etherscan
lil-noc@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.
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> "And I swear, as always for anything we release, Lils will stay at the head of the curve too. "
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> - 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?
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> 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.
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> "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. "
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> 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.
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> +1
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> > 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.
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> > And I swear, as always for anything we release, Lils will stay at the head of the curve too.
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> > 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.
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> > 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.
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> > 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.
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> > Apart from the changes in supply and decentralisation I’ve already shared, we are also ready to release the following:
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> > - 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.
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> > - 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.
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> > 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.
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> > 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.
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> > 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.
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> > 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.
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> > I honestly can’t wait to show you all what we have in store.