Let's mint the remaining 250m $Ease

[angurius.eth]

I want to express my new opinion on the matter. Originally I had posted my worries about the re-mint of the burned tokens but after reading about the notification on coinGecko and user concernes I belive the remint might be our best option.

This was my original post regarding the re-mint. I still think these points are valid.(Chris_Armor had reposted my opinion as my original thread was on discord)(I am not speaking for Chris as I do not know his views on this)

@Chris_Armor

Thanks for reaching out and asking for our opinion. I’m going to break down my answer in order to address the 3 points you brought up in the forum.

• Just because the token burn did not affect the price of the token does not mean a remint will not. I am also of the idea that if you take an action as drastic as burning 1/4th or your total supply you should stick with it. It also sends the wrong message to potential investors and could be seen as the team flip flopping on it’s decisions.
• The second point is the only one I could get behind. If the team is strapped for cash and needs funds I could see this as a possible means for funding. Although I would like to refer to my first point as my reasoning to not take that action.
• I think it’s silly to say that minting directly to the DAO treasury would not effect circulating supply. Sure in the moment it won’t but the whole point of having a treasury is that it’s the organizations source of funds. To be able to use those funds would mean spending it, therefore the circulating supply is affected. Also since a large chunk of the voting power is in the hands of team members, it gives the team the ability to use the funds as they please.

Overall I think it’s a pretty bad idea. I can’t say I’m good with having my shares diluted unless for the reasons I stated in the second point. Thank you for listening. Regardless I’ll still be an investor. Thanks for building

Considering that the team is pushing for the re-mint of the coins in an effort to incite potential investors into trusting the DAO I believe it might be our best option. In an effort to not feel like my shares are getting diluted, I would love to see the new 250 mil tokens being distributed to holders based on their current gvEase/vArmor holdings. If the team deems that they need more control over the ease allocation then I would be fine with only part of the new tokens being distributed to current holders although the idea of getting diluted rubs me the wrong way. If the re-mint is only to relax prospective ease buyers and current vArmor hoders that don’t trust the new contract then I think the newly minted coins should be distributed to the current community.

If the DAO has concerns over token dumps related to the airdrop I would place the new tokens under a distribution/vesting lock so that users cannot extract their ease before a certain date without possible withdrawal fees in order to incentivize lock ups. Other ideas would be having the option to choose the vesting time of the newly minted tokens in order to distribute the unlocks over a longer period of time as to avoid a single unlock time for all users as that could tank the price.

My approach might be greedy to some as I would like free tokens. I believe it is fair that the community that might have bought or continued holding armor because of the 25% supply burn should be rewarded for their commitment to the project after such a drastic price drop. If the DAO keeps the whole 250 mil tokens I will not be happy as I would feel cheated.

TLDR: Re-mint if the tokens are distributed to current vArmor/gvEase holders as to not dilute positions and reward long time holders.