To add to the discussion. Here is some feedback from our community member @Angurius#4542
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
His first point is valid. We do not want to send the wrong message to our investors, and if the consensus is this is bad optics for the team, we should take that into careful consideration.
And his 3rd point that is a fair stance to take. If we wish increase supply citing it’s impact on long term runway, it’s only fair we view the increase of token supply in the long term too, and they would affect circulating supply, since they need to enter the supply to generate funding.
