03-26-2024
Proxy Studio Update
Dear Subscribers,
Happy Tuesday, here is information on Mercenary Capital. Apologies for the email difficulties, I will find a good solution.
1. I’m excited to introduce a significant, additional subscriber benefit.
Mercenary Capital is a token-gated Party for opportunistic onchain activities. This Party is open to active Proxy Studio subscribers. I am considering this a proxy studio <> community project. I hope incentives are structured to reflect the collaborative spirit of MC.
Mercenary Capital will benefit contributors regardless of how active they are in the chat. Fund once, profit whenever the party makes profitable trades. The party will probably trade less frequently, and more conservatively than many studio members trade as individuals in a meme-coin saturated bull market. However, the goal is singular: generate profits by targeting high-value trading opportunities, quickly.
Trading opportunities might come from studio research, chat conversations, or as a natural consequence of our network of highly-connected, talented subscribers.
Also, our subscribers have a range of specialized, advanced skills, and some members are willing - as we saw this week, thank you @floar.eth - to offer their talents for the benefit of the studio community. These kinds of casual and possibly high-value contributions will now be compensated if they generate returns for the party.
For details on Mercenary Capital, please review the information below. For further information on Party Protocol, where MC lives, I highly recommend reading the Party Knowledge Base.
Mercenary Capital Party Information
Access: NFT gated by active Proxy Studio Subscription Tokens
Shares: ownership is represented with an NFT, and NFTs minted reflect your pro-rata share of the party’s assets, including any profit that may accumulate each month, minus host and profit splits.
Governance: 30% proposal acceptance threshold (subject to change by proposal)
Ragequit: disabled, can be enabled by host at anytime
Host: proxystudio.eth
Veto: host has veto power for 7 days
Delegation: please delegate to proxystudio.eth when prompted during onboarding, unless you plan to be active and available as much as I am on any given day
Mint Price: 0.05 ETH
Closes: in 30 days, or when the host decides to finalize the party.
Split: Host receives 1% of all party contributions as compensation for admin work. If you deposit 1.00 eth, the host (the studio) receives .01 ETH.
Profit Share: Party receives 90% of profits, always. 10% of profits are distributed by default to the Studio. Subscribers can earn profit split through significant contributions (examples: information, tools, access, execution.) In the case of subscriber contributions, the profit split is 90% to party, 8% to contributor(s), 2% to studio.
Distributions: At the end of each month, any profits will be distributed pro-rata to contributors, who may also choose to withdraw their funds at this time. Fund is denominated in ETH.
Join Mercenary Capital here. If you have any questions, please reach out directly or in the group chat.
Thank you,
proxy
