Goals and Objectives

1. Treasury Growth: Strengthen DegenDAO’s portfolio by acquiring a vested allocation of $CLANKER. 

2. Enhanced Liquidity: Implement liquidity incentives to support $CLANKER token stability and usability. 

3. Community Rewards: Offer direct monthly rewards to DegenDAO holders from liquidity pool (LP) fees.

We propose a private over-the-counter (OTC) purchase of 100,000k usdc value Clanker tokens at a 40% discount off the market value. The final purchase price per Clanker token will be determined based on the 7-day moving average price, ensuring that the price reflects the most current market conditions. 

What is Clanker?  

Clanker is an AI-powered social meme issuance platform built by Proxy, a DegenDAO member and key contributor to the Base ecosystem, with his cofounder Jack Dishman. It automates token deployment on Farcaster and has driven the creation of notable meme tokens like $CLANKER, $LUM, and $ANON.  

Clanker has seen a number of “utility memes” blending AI innovation with transparent revenue-sharing models, and the project has positioned itself as a transformative platform within the Base ecosystem. Investing in $CLANKER provides DegenDAO with the chance to diversify its treasury and support a cutting-edge product driving Base’s growth. 

$CLANKER has not been officially named as the “utility” or revenue sharing token of the Clanker project, but is the first meme launched on Clanker, and has received significant attention in the market.

Key Terms of the Proposal:

1. Purchase Quantity and Discount:

   - The total purchase is for 100,000 Clanker tokens.

   - The tokens will be acquired at a 40% discount based on the 7-day moving average price.

2. Pricing Mechanism:

   - The final price per Clanker token will be calculated based on the 7-day moving average price at the time of the purchase, ensuring a fair and current market price.

3. Liquidity Provision:

   - The entire Clanker tokens will be used to provide liquidity in the Clanker token market.

4. Fee Distribution:

   - 80% of the fees collected from the liquidity provision will be distributed to Haberdashery holders on a monthly basis.