Buy 5,000 sDAI worth of MARKEE tokens and become an Owner of the Markee Network

Beneficiary: 0xc6c2E9EFB898A42DB4137B07b727b45e0C353d81 (1Hive Council Safe)

Request Amount: 5,000 sDAI

MARKEE Received: ~115,000


Proposal Description

This proposal requests 5,000 sDAI from the 1Hive Common Pool to buy a Markee message and acquire MARKEE tokens during the Phase 0 RevNet stage.

If passed, funding from this proposal will go to the 1Hive Council Safe to be swapped for ETH and used to buy a message at markee.xyz. Messages bought there go directly to the project's RevNet in exchange for MARKEE tokens. The RevNet serves as the project's treasury, receiving both investment and revenue. MARKEE tokens are redeemable for a portion of the treasury and represent ownership in the platform and its assets.

Price in Phase 0 is 62,000 MARKEE per ETH - at current market rates for sDAI and ETH, 5,000 sDAI will buy ~115,000 MARKEE.

Background

In August 2024, 1Hive funded Markee's proof of concept development with 2,115 sDAI. That proposal delivered:

The proof of concept is live and is now ready to accept seed investment to fund the platform's first stage of growth and operations.

What 1Hive Gets

1. MARKEE Tokens (Held in Council Safe)