Proposal: Orderly ZKFG Liquidation Offer Capped at $0.15 per Token

MetaDAO Submission

Title:

Authorize ZKFG Liquidation Offer Capped at $0.15 per Token

Memo body, suitable for the app's Local notes field:

Authorize an orderly ZKFG liquidation offer capped at $0.15 USDC per ZKFG.
The offer gives holders a clean premium exit and avoids a contested governance process.
Full proposal: https://drive.google.com/file/d/1PP582ysjUE4BjCv_MVPbh_luuUsvIacA/view?usp=sharing

Summary

The proposer group holds a significant portion of the current ZKFG float, enough that a contested governance process would likely create uncertainty for holders.

This proposal authorizes an orderly liquidation offer for ZKFG holders at up to $0.15 USDC per ZKFG token.

The offer price of up to $0.15 represents approximately 2x the current market price and approximately 1.5x the ICO price.

Some Zinc token holders are concerned that ZKFG may limit Zinc's growth potential by creating confusion about where value and ownership accrue.

This offer is intended to provide a cleaner alternative by giving holders a direct premium exit rather than exposing them to prolonged uncertainty.

Current Token Distribution

• Mint supply: 12.90M ZKFG
• Excluded balances: 10.16M ZKFG
• Current float after exclusions: 2.74M ZKFG
• The current float number above excludes the ZKLSOL Treasury, Sentries Treasury Multisig, MetaDAO Vault Multisig, Futarchy AMM / MetaDAO Pool, and Meteora Pool Authority balances listed below.

Proposed Terms

• Offer price: Up to $0.15 USDC per ZKFG
• Offer premium: approximately 2x the current market price and approximately 1.5x the ICO price
• Settlement asset: USDC
• Funding source: 4GEYjTeuidxmnFHaEYUKRFDtBLBRw68cEzpfGPeWFYvo will fund only the portion of the purchase that the DAO treasury cannot cover, up to the amount needed to buy the estimated 1.50M ZKFG not already held by the proposer group.
• Purchase mechanism: the DAO will create a two-day DCA to buy ZKFG at up to $0.15 per token
• Unused funds: any unused USDC left after the DCA completes will be returned to the holder group wallet 4GEYjTeuidxmnFHaEYUKRFDtBLBRw68cEzpfGPeWFYvo