The cold truth culture has been a long time supporter of 1hive and is requesting 20 HNY or $10,000, which it will use to add COLD-HNY LP and placed in a unicrypt locker for 1 year to show the long term commitment cold has to 1hive. This is in return for the ~$40,000 in indirect value cold has already brought to the 1hive community and the value it will continue to bring. Here are some reasons ctc is asking 1hive to trust this proposal:
- Many of the team members are 1hive members and contribute significantly to the 1hive channels in both discord, tg, on the forum and are active voting members of the 1hive DAO. Some of these members are @thejewler, @dw, @coldtruthculture, @pab, @dw, @monstrosity, @yambidi, @chuy, and @zer8 just to name a few.
- COLD buy pressure on HNY - Cold has already purchased ~$8,000 in honey (12 HNY) since feb 2021. Until the burn phase, cold has and will continue to use 50% of it’s revenue to buy honey. After the ‘diamond hands’ airdrop, coming soon, cold will begin it’s burn phase. During this time cold will use it’s revenue accordingly; 75% will be used to buy COLD and 25% to buy HNY. 50% of the COLD will be burned the remaining 25% will be paired with HNY to continue adding HNY-COLD liquidity.
- 1hive community was a reciepent of the largest cold airdrop more than doubling the circulating supply adding an additional 322,000 cold tokens at approximatly $32,000 in USD value.
For these reasons Cold is requesting a bootstrapping partnership with 1hive to double the current liqudity and also as a thank you or as recognition that cold is leading the way modeling a true 1hive partnership where it will continue to develope new active members, more supporters of the 1hive community and use the revenue to apply a constant loop of buying back the 1hive token ($HNY).
Still don’t know about ctc? Here are some of the highlights.
- A community to hang out, talk and learn about digital assets, NFTs, share ideas, share artwork and reward people that do the right thing!
- Join the team of artist, submit your application as an artist.
- Revenue will be used to buy 50% cold and 50% hny until burn phase.
- Burn phase begins after second airdrop then all revenue will be used to buy 25% HNY, 75% Cold (50 of the 75 cold will be burned forever until 1,602,618 cold tokens are removed from circulation)
- Check out the new website
- Farm some NFTs Now and get more cold tokens check out the 8 week reward program. Farm on unifty.io
- Make a request for a specific art piece
- Cold is a DAO looking to use Gardens for governance as soon as it is live.
- Possible token distribution depending on the DAO
CTC Gnosis Safe ETH address to receive funds: 0xCF9Fb268df00058ab9Cd1B5a33E83cB3374a51c9