Required Final Offset Amount - Community Spend Proposal for purchasing and retiring NCT

The time has come, and with the launch of NCT on Osmosis, the Regen Community may proceed with the purchase of NCT and retirement. The multi-sig offsetting team is requesting 120,000 $REGEN tokens to be sent to the multi-sig address listed in the original offset signaling proposal, which will complete the remaining 80% of the 6147-ton offset. Currently, we will need approximately 100,000 $REGEN.

• Voting YES on this proposal will transfer 80% of the signaling proposal's approved amount: 120,000 $REGEN to multisig wallet regen1su3tu4zs3e0hyxudk7swz59ne2qtzd60k7lhd0 for the execution of purchasing and retiring the NCT portion without further delay.

• Voting NO to this proposal indicates that the funds should not be transfered.

Method

120,000 $REGEN will be transferred to the specified multi-sig wallet on the Regen Network and used to purchase NCT then retired manually by the multi-sig owners.

The multi-sig wallet would be managed by:

• Danny Qwoyn (Regen Network)
• ECO Stake (Validator)
• LOA Labs (Validator)

Any $REGEN remaining due to price fluctuations below the intentional 20% buffer to mitigate any price volatility, and a potentially lower NCT cost, would be returned to the Regen Community Pool.

Discussion: https://forum.regen.network/discussion/7829-proposal-offset-regen-validator-set