To Sell, Hold or Deploy? Stargate DAO Considers Possibilities for 1.6 Million ARB Tokens

On March 30th, members of the Stargate DAO discussed how to handle the expected allocation of 1.6 million Arbitrum (ARB) tokens worth less than $2 million during a community conference call on Wednesday. MaxPower, an employee at LayerZero Labs, said that these tokens had not yet been received, but when received, it would be necessary to decide whether to hold, sell, deploy, or commission these tokens.

Stargate DAO members discuss how to handle the upcoming 1.6 million ARBs at a community meeting

Introduction

On March 30th, members of the Stargate DAO convened to discuss the handling of an expected allocation of 1.6 million Arbitrum (ARB) tokens worth less than $2 million. With the tokens still to be received, members weighed up the options of either holding, selling, deploying, or commissioning them. This article will explore the possible outcomes of these options and the impact they could have on the Stargate DAO and its community.

The Stargate DAO

Before delving into the discussion of the ARB tokens, it is important to understand the Stargate DAO and its function. Stargate DAO is a decentralized autonomous organization that serves as a collective decision-making body for the Stargate network. The DAO is responsible for managing the network’s resources, including financial allocations, development, and governance.

The Expected Allocation of ARB Tokens

The upcoming allocation of 1.6 million ARB tokens marks a significant moment for Stargate DAO. However, it also raises questions on how to best utilize these tokens. MaxPower from LayerZero Labs, advised Stargate members to consider various factors before deciding whether to sell, hold, deploy, or commission these tokens.

Selling ARB Tokens

Selling the ARB tokens could provide Stargate DAO with an immediate cash infusion that could go towards funding the network’s various projects. However, selling all the tokens at once could also potentially flood the market, leading to a decrease in token value.

Holding ARB Tokens

Holding the ARB tokens may be a wise decision as their value could increase over time. With the upcoming Aribtrum network launch, the tokens may also gain more adoption, which could see their value soar. However, holding the tokens could also tie up valuable resources that could have been used for other projects.

Deploying ARB Tokens

Deploying ARB tokens towards the development of the Stargate network is a possibility being considered. This move could be beneficial as it would increase the number of resources available to the network, helping to drive innovation, and enhancing the user experience. However, it would require careful decision-making to ensure that the funding is invested in ways that have a significant impact on the platform and its functionalities.

Commissioning ARB Tokens

Commissioning the ARB tokens for specific purposes or projects could be another option. This move would require the DAO members to identify the areas where funding is needed most and commission the tokens to finance the development of such projects. Such a move would ensure that the resources allocated are put to good use.

Conclusion

The decision by Stargate DAO members on what to do with 1.6 million ARB tokens is an important one. With various options to choose from, they must weigh the possible outcomes of each decision carefully. Ultimately, the decision made will have an impact on the direction the network takes in the future.

FAQs

1. What is Stargate DAO?
– Stargate DAO is a decentralized autonomous organization responsible for managing the Stargate network’s resources, including financial allocations, development, and governance.
2. How much are the 1.6 million ARB tokens worth?
– The tokens are worth less than $2 million.
3. Who advised Stargate members on the handling of the ARB tokens?
– MaxPower from LayerZero Labs advised Stargate members on the handling of the ARB tokens.