Mantadao - Proposal

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MIP-27

MantaDAO - Stargaze token swap deal. Stage 1.

Completed

Proposer: kujira1q6n...tlg4l0cucz

Proposal Tx A8EE06CA25...ADDA820816

Execute Tx 99FBEA388E...7AD786186B

Following to the passed MIP-15 signaling proposal, we are starting the execution process of the MantaDAO - Stargaze token swap deal. According to https://gov.stargaze.zone/discussion/12186-understanding-mantadao-and-stargaze-token-swap-implications-and-expectations (Execution Process clause 1) we are requesting $100K worth of MNTA at a price $0.125 +15% in case of price volatility from the MantaDAO treasury to be sent to Kujira team’s operational wallet: https://finder.kujira.network/kaiyo-1/address/kujira1zspr6va4ev78lpsh48s57nv6szxj4cdywt2kkg. $50K of this amount will be used for direct exchange with the Stargaze community. The remaining $50K MNTA will be used for LP matching with $50K STARS received from the Stargaze community. The remaining funds will be returned to the treasury of MantaDAO.

Total Actual Spending

117,474.6 USD

920,000.0 MNTA

Date	Amount	Price ($)	Value ($)	Token	Tag
2023-08-03 18:25:29	1.4M	$0.07	107.2k		LP Investment
2023-08-01 10:07:00	100.0	$1.02	102.1	USK	Operations
2023-08-01 10:07:00	920.0k	$0.13	117.4k	MNTA	Token Swap Deal
2023-08-03 18:33:34	90.7k	$0.14	12.4k	MNTA	Token Swap Deal
2023-07-27 18:03:31	100.0	$1.03	102.7	USK	Operations