Might not be the worst idea to sell some up here
#Sell IMX rewards
jade rock
jade rock
found a chart with more history. Doesn't look as bad.
So I guess more curious around what we plan to do with it?
shy epoch
I'd be against selling those. I'd preffer to stake them. It might not be much, but I think it's definitelly more sustainable long term.
The DAO is not a trader, we've got long term goals and we're not trying to time trades.
jade rock
Selling them would be derisking and not betting on price appreciation or depreciation. Could make sense to do this bc our runway is so short. But think it would make sense to have some thinking around this established at the very least.
shy epoch
We're building on IMX, there's no derisking by selling like $150k worth of tokens. We're already almost all in on IMX going up 🙂
I totally agree, that it's good to discuss what to do with these tokens.
jade rock
last I saw it was 300k and we don't have much runway atm. token can still go down alot and imx would be fine.
but ya at this exact moment things look good for price, but at a certain point are we going to keep betting that price will keep going up? While runway is so low (I say this as one of the most bullish ppl in this chat, but not with money we need for survival.)
loud trellis
Trading fees are supposed to go to revdis so the IMX should eventually be sold for ETH to buy ILV.
jade rock
Yeah - they aren't fees (thought they were token emissions), but ya the normal idea would be revdis. Still have to sell it at some point (the main point here), but say we should consider it going to the treasury
shy epoch
Hmm maybe they are royalties indeed, because a lot of people were wash trading in IMX. They were trading illuvitars for 10k usd in IMX.
jade rock
head shoulders knees and toes, knees and toes
fluid elk
Swap for eth
jade rock
tight
jade rock
well I tried
jade rock
jade rock
risk has subsided greatly now - would swapping the usdc for eth meow