Fund Termination Sale

A termination sale may only occur when the community puts forth a termination proposal that passes with a 70% by weight majority.
If the fund enters the termination clause, all investment holdings will be liquidated into the base currency of Ethereum. All fund holdings, including the strategic reserve, (100% of the fund value) will be distributed equally among all holders, based on their total NFT ownership weight.
In order to ensure a maximum payout, gas expenses for termination sales will be delegated to the holder and will not be covered by the fund. Users will have 120 hours to claim their ownership payout. This is done to ensure users may claim during periods of low gas fees.

Last updated 3 years ago