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For the wonderland community I agreed Buy $ 25 million Sifu Vision Tokens.
This was a few months after Schiff was forced to resign from his role as Treasury Manager in Wonderland over his criminal record.
The DeFi protocol has passed the governance proposal to invest in SifuVision with 89% of the votes. Next is the over-the-counter (OTC) acquisition of $ 25 million worth of tokens.
With this acquisition, the Wonderland Community will own more than half of the market capitalization of SifuVision tokens (currently $ 42 million). Tokens are linearly vested over 12 months using the Sablier stream.
Sifu submitted the proposal and was the second largest voter in the proposal. He provided 51,000 TIME tokens to the 321,000 TIME tokens (89.27%) who voted to support the proposal.
39,000 TIME tokens (10.37%) voted against the proposal.
TIME tokens traded in the range of $ 33 to $ 25 throughout the voting week. That said, Sifu spent about $ 1.7 million to get enough votes to buy $ 25 million.
Voting took place almost a week later. Deliberation By the community. According to the suggestion The purpose is to:
“We continue to benefit from Sifu’s management and communication using a small portion of the Treasury. Expectations for the benefits of this partnership with the founder.”
This could be an attempt by Sifu to return to Wonderland after being previously deported. He claimed that the new token was part of his original vision for Wonderland.
According to him, this is an opportunity to continue that vision “without conflict of interest and friction of DAO.”
0xSifu is a former financial manager of Wonderland DAO who was banished by convicted criminal Michael Patryn.
Patryn has a history of being convicted of identity fraud and co-founder of Quadriga CX. Canada’s crypto exchange failed when co-founder Gerald Kotten disappeared with more than $ 160 million in investor funding.
Disclosure has forced Sifu out of Wonderland DAO, but he remains active in crypto space. Sifu Token is his latest venture and its usefulness is to make money. Website.
