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Sitting on $23k Mcap
@tendytigerton
Ca:
EQAUaXNNIGnCq96R6NDZBCZxC0TyFyVmwZozuiNhFTzBeC7R
GM, guys.
Lately, I’ve been thinking a lot about the sustainability of the Yaya project. I’ve spoken with the founder of StonksLabs about whether Yaya’s trading fees could be allocated to the CTO wallet.
As we all know, to keep the CTO going and continue building the project, we need funding for things like a Codex subscription and the X blue checkmark. I also can’t keep asking the community every month to contribute at least 1 GRAM to the Yaya wallet.
However, Kruzd told me, as the CTO lead, that the developer who originally deployed Yaya will always receive fees from Yaya’s trading volume, even though that developer is doing nothing to build the project. Meanwhile, the Yaya wallet has not received any share of those fees, even though I have already submitted the CTO application to StonksLabs.
At first, I believed that the former developer would never sell the 5.4% of Yaya’s supply that he held. However, what he did yesterday suddenly selling 1.8% of the total supply really shocked me. He still holds another 3.6% of the supply, which could be sold at any time.
This makes me feel that, as the CTO lead, I am putting a lot of effort into building this project without receiving anything in return. The Yaya community could also be dumped on at any time by the former developer, who still holds 3.6% of the supply.
Therefore, I see two options: either I stop building Yaya, or we relaunch Yaya on TopBlast so that the trading fees can be used to continue developing the project.
I have also seen that Mikey is very supportive of developers, and if we reach first place, we may even receive a buyback from Parabola. What do you think as members of the Yaya community? I look forward to hearing your opinions.
Thank you.