Wonderland is toxic. Even at a deep discount purchase price it is not worth the risk
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I will vote NO with my whole bag of SPELL. Abracadabra Money is doing well now, we just achieved the first profit and emission is going to zero. Abracadabra Money does not need Wonderland to survive but Wonderland needs Abracadabra Money. I know a large portion of Abracadabra Moneyâs income comes from Wonderland cauldron but we can always increase income from new cauldrons. It does not worth the risk to acquire a dying business.
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This will forever be a stain on abracadabra/SPELL/MIM. Hope you can overcome it.
I am against this. Certainly part of the reason is that I personally benefit from the emissions due to vecrv bribing and spell/eth staking and I think they are important to helping bootstrap MIM liquidity.
I donât understand how buying the TIME treasury helps MIM liquidity. Certainly not a good time to spend $spell on a treasury at depressed prices.
I am also concerned about the 18B $spell loan from Dani and Marlin. Why should the protocol borrow their personal holdings and acquire a debt?
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Agreed, the question is: did the Abracadabra team know of this?
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Absolute NO, do not propose this
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It looks like saving Wonderland at the cost of SPELL. NO SUPPORT!!!
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I did not know of the identity, I am dealing with many anons and only saw the public track record.
I looked at it solely from a numberâs point and had hoped we could use the additional funds to overcome the constant emissions. In any case, will try to bring out all the cool features we had already planned. I am excited about P2P and NFT markets getting ready and all the small and large improvements on the existing product. 
Thatâs good to hear. Thank you, appreciate your answer.
Full disclosure I am Wonderland holder. Both camps are partially freaked out. I waited till AMA cos I needed more info.
Having listened to the AMA Part 1 & 2, learning more about abracadabra and checking info on Wonderland funds etc has all helped alot. Both Abra & Wonderland are solid on their own. This merger could spell trouble for the big boys.
Sharing this link with AMAs and etc.
I find this a bad proposal, I have seen the price of SPELL tank 27% since it was first proposed. I have quickly un-staked my SPELL, just started yesterday, but I donât like this kind of gambling with your investorsâ and communityâs money. I am out at a huge loss, but better to hold ETH for the time being until SPELL / Abracadabra sorts itself out.
you have to stop purchasing the wmemo on sushi. When people sell their wmemo through sushi, that part is burned and it is no longer on the market. With the treasure chest you can buy time/memo every day to get the price of wmemo back up. Then when there are guests who sell their wmeme, they leave the project and the wmemo is burned as I said. So if you donât sell, you benefit from the treasury and build up a value in your wmemo with the compound. The people who sit the longest benefit the most. As it should.
Is there concern that the SPELL token could get delisted from exchanges like Coinbase after a merger with Wonderland? Specifically thinking that they may need to reevaluate it for being classified as a security by the SEC.
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yes, I have that concern. Please do not merge these projects.
Stocks dilute shareholder value through the issuance of additional shares. Itâs a cheap way to steal from investors. This is one of the reasons I came to crypto. If crypto continues to do such things as $YFI did, then Iâll go back to stocks as itâs no better. Issuing more SPELL goes against the ethos of crypto in my opinion. The total supply shouldnât change.
New spell is being emitted regardless. Until we have 210 000 000. My understanding. if we merge all this will be printed and no more emitted. If thatâs the case then money from both protocal profits would come back to combined abra. If those were used to buy from open market and burn spell would we not all win. No more dilution all spell would be on market. I dont know shitty timing but it really does not sound like a bad idea. price might drop now but we could vote later to buyback off market and burn with increased revenues? I dont know maybe Im wrong. I dont see why it couldnt be done.
Let me put it this way:
This is a great idea. The only way that this idea is a very very very bad idea:
- If the dev team and key signature holders are convicted felons
- Those involved are former financial criminals
- Those involved are former identity thieves
- If one of the founders and signature holders admitted to committing any type of offense involving moral turpitude (fancy way of saying âmorally corruptâ and âlikely to repeat the same malicious actsâ)
- If team previously founded now defunct CEX that resulted in a 9 figure loss to customers and remains unrecovered to this day
- If key membersâ former business partner is dead in a mysteriously unverifiable wayâŚ
Dani⌠I will give you the benefit of the doubt that you did not know and erred on the side of trust, we all do that, weâre human. But once you knew, every second you did not do anything is you being complicit. Not complacent, complicit. And complicit is a short path to guilty by association without requiring mental gymnastics and logical discourse.
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@Oxmerlin
Now that Dani has admitted this is an anon team account used by various team members, we cannot accept a single message from this account. To be honest, this message appears to be written either by Sifu or his cousin or something.
Who else would actually site Sifu as a source for wisdom? STFU⌠.GTFOH
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NĂŁo acho viavel nem mesmo um momento oportuno para a fusĂŁo, acho legal considerar uma parceria , porem paralelas e independentes , tendo em vista que uitos projetos bons ruiram tentando sustentar outro .
Acredito que a equipe Abracadabra tem total competencia para apoiar ou nĂŁo o projeto , porem acredito que uma fusĂŁo pode nĂŁo ser o momento !!!
This will Moon Spell!