Polywrap Strategic Partners Proposal (Cont.)

Discussion Period: Thu Mar 17 to Mon Mar 28, 2022
Voting Period: Tue Mar 29 to Fri Apr 1, 2022
Snapshot Link: Link

Summary

This proposal is a continuation of the first Strategic Partners Proposal:

Link: https://forum.polywrap.io/t/polywrap-strategic-partners-proposal/221/3

This proposal ratifies strategic partners after they sign the transaction docs. The maximum token sale allocated in this proposal for ratified strategic partners is 4,200 WRAP ($7m total).

Update (Mon Mar 28):

  • As of today, additional strategic partners have accepted (but have not signed) the terms of the transaction docs. The total amount allocated to these partners is $3,985,000 for 2,391 WRAP.
  • This proposal allows only these partners to sign the docs.
  • There will be follow-up proposals to allow the remaining $3,015,000 worth of allocations to sign.

Strategic Partners & Terms

  • A list of potential strategic partners will be provided upon private request
    • Some of the partners on this list are still in the process of reviewing amounts and transaction documents (the same one from the first of the token purchasers)
    • Updates on partners who have confirmed amounts and transaction docs approval can be provided upon private request
  • Strategic partners on this list have not signed any transaction documents yet. That will happen after this proposal passes

Clarifications

Thu Mar 17, 2:41 PM PST

This proposal allows for up to 4,200 WRAP to be sold.

As of now, some partners are still confirming their amounts and reviewing the terms of the transaction docs.

To clarify, this proposal would approve the transaction docs to be executed only by partners who have accepted all the terms and are ready to move forward.

For example, if by the end of this discussion period, only 2,000 WRAP has been confirmed, then another proposal will be made in the future to confirm the remaining 2,200 WRAP.

There should not be significant changes, if any, to the transaction docs. Light changes may be permissable.

Just to be clear, this proposal is for voting on whether a specific set of strategic partners should be able to purchase a previously allocated number of tokens? And it is similar in every other way to the previous proposal (e.g. the same transaction docs apply)?

Just to be clear, this proposal is for voting on whether a specific set of strategic partners should be able to purchase a previously allocated number of tokens?

It allows for up to 4,200 WRAP to be sold.

As of now, some partners are still confirming their amounts and reviewing the terms of the transaction docs.

To clarify, this proposal would approve the transaction docs to be executed only by partners who have accepted all the terms and are ready to move forward.

For example, if by the end of this discussion period, only 2,000 WRAP has been confirmed, then another proposal will be made in the future to confirm the remaining 2,200 WRAP.

This process can changed depending on how you all think is best to ratify token purchasers.

And it is similar in every other way to the previous proposal (e.g. the same transaction docs apply)?

There should not be significant changes, if any, to the transaction docs. Light changes may be permissable.