This proposal aims to start the process of raising 700k USK via a combination of bond sales and OTC sales with the following format:
1) 116k USK - 12 Months MNTA Bond @ 25% Discount
2) 116k USK - 13 Month qcMNTA Bond @ 15% Discount
3) 116k USK - 13 Month ampMNTA Bond @ 15 Discount
For a total of 350k to be conducted immediately and simultaneously on passing of the proposal.
Following fulfillment of the bond sales, a series of OTC sales to be conducted in the following manner:
7x 50k USK sales with spacing of 1 week between each completion of sale for a total duration of 7 weeks
All resulting USK will be deposited into GHOST, with yield regularly withdrawn + distributed to stakers.
The amount of MNTA requested is calculated at current price (0.85) multiplied by the max possible discount (25%). Remaining MNTA will be returned to the DAO.