0xd15cf01f…cf6dsent to0xc9d2c87b…636d·#14,491,792·view on Etherscan
Unpausing share transferability is necessary in order to re-enable WAAMI community members to join the DAO.
Additional Context:
The genesis crowdfund for WAAMI DAO was limited to 1000 shares under the belief that this setting applied to each account; but it instead limited the total crowdfund to 1000 shares (100 ETH). We are re-opening membership for seven days by allowing new members to send ETH directly to the DAO. After this seven-day period we will:
1) Issue new shares ($WAAMI tokens) to the DAO multi-sig
2) Distribute shares to each new member from the multi-sig (1 ETH = 10 shares)
3) Revert this change and disable transferability
Total number of new shares minted will be equal to the total amount of ETH contributed during this seven-day period multiplied by 10, plus 40 shares for Brandon Ferrick. Brandon previously contributed 4 ETH and unintentionally burned the resulting 40 shares.