Sep.05.2023
[DAO] Vote result of SOT distribution
Hello DAO Members!
Yesterday, I requested a resolution to SUZUVERSE DAO to change the SOT distribution method.
It was passed and will be as follows regarding the distribution of SOT after September 2023.
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The following changes will be made with regard to the issuance and distribution of SOT5 and thereafter.
- The conditions used in the previous SOT (1-4) will be terminated.
- From SOT5 onward, SOT will be issued and distributed under the following new conditions, together with the SOT already distributed (SOT(ERC20) (to be changed to fixed price SGT), SOTd (to be changed to SOT), and SOTα (to be changed to SGT)) until a total of 100 million SOT are completed.
[New conditions for granting SOT after September 1, 2023]
- The calculation period shall be monthly, and the SOT shall be distributed monthly by the end of the month following the month of calculation.
- The conversion price shall be the closing SGT price (UTC, Coinmarketcap basis) on the last day of the month covered by the calculation.
- The conversion start date shall be two years after the distribution date and shall be exercisable for two years thereafter.
- Eligibility for distribution
- All purchasers of SUZUVERSE products will receive a SOT equivalent to 100% of the purchase price.
- For Affiliates, from a sales and marketing perspective, an increased percentage equivalent to up to 300% of Affiliate fees will be entrusted to Suzuverse Pte.
- Development and operation team SOT equivalent to 100% of each fee shall be granted.
- Changes that can be reasonably determined to be relatively immaterial, such as the type of distribution (SOT, SOTd, SOTα), the amount of distribution, and the conditions under which the distribution is to be made, shall be left to the discretion of Suzuverse Pte.
Above
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I have Bolded the important parts.
Thank you for your continued support!
SUZUVERSE PTE LTD