One of the original core principles of Pink Panda - and carrying over to Bamboo - is giving back to charities. To this end, we had split 2 wallets for the following purposes:
Dev/General treasury - for development, administrative, software licensing, etc.
We continued that separation post migration, but would like to formalize what will be “locked” into a separate Charity wallet going forward. This wallet would be multi-sig and governed via its own rules the DAO would create in conjunction with guidance from Bamboo and the social good advisory board. Almost a mini-DAO. Ideally enough to last many years ahead of us.
One of the first proposals we’d want to settle on would be “how much”. In my opinion, 50% of the wallet should be the minimum. Perhaps as high as even 90%, but I think we still want to retain funds for use for airdrop/marketing proposals. The wallet currently contains approximately 6.8 Million tokens.
I think this is another good step forward for getting more holders to engage. A reservation of 50% would establish a $66k charitable fund at current prices. I think 50% at this current rate would be enough to allow the DAO to donate $1k-$2k/mo at this current time without negatively impacting the longevity of the fund.
One thing I neglected to mention is that we also have a SIGNIFICANT pool of tokens that came over from migration that are very unlikely to be migrated. I think of them as “unredeemed gift cards”. This happens a ton in retail - folks forget they have gift cards, and they sit as a liability on a company’s balance sheet, until eventually recognized as revenue depending on state/accounting requirements.
Over time - my opinion is that this “unclaimed tokens” pool should be utilized, and this would be fantastic for burns/airdrops/staking incentives. We can also “hedge” this with the treasury wallet #1 over time.