🚨 LayerZero Proposes Million-Dollar Purchase of Stargate 🚀
LayerZero has launched a proposal to acquire Stargate Bridge for 110 million dollars. The idea is to absorb the Stargate DAO and offer its STG token holders an exchange for LayerZero's native token, ZRO. This strategic move aims to accelerate integration and solidify the LayerZero ecosystem.
The Offer and the Community in Conflict
The proposal, which requires a 70% approval from STG holders, has generated significant controversy. Although the news spiked the price of both tokens, many members of the Stargate community question the offer price. They argue that, given the project's revenue history and its potential, the valuation should be significantly higher. The central discussion is whether the repurchase of ZRO tokens with Stargate's future revenue compensates for the removal of STG as an independent asset.
What’s Next?
The decision-making process will last seven days of debate in the Stargate DAO forum, followed by a three-day vote. If the proposal is approved, the token exchange will be made effective indefinitely, giving STG holders time to decide. This event will not only define the future of Stargate but will also set an important precedent for the mergers and acquisitions market in the Web3 space. The outcome is in the hands of the community!
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Disclaimer ⚠️
This publication was created for informational and educational purposes. It is not an investment recommendation, nor legal, tax, or financial advice. 🚫
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