**๐จ Treasure DAO Pushes Funding to 2026 ๐ but Faces Money Problems ๐ธ | Simple Breakdown ๐จ**
Treasure DAO (a gaming/NFT project ๐ฎ๐ผ๏ธ) says it can keep running until 2026 by stretching its USDC funds ๐ต. But thereโs a catch: theyโre struggling with money issues ๐ and had to shut down some projects ๐ซ.
๐ Whatโs Going On?
- ๐ธ Running Out of Cash: They spend $8.3M yearly but only have $2.4M saved up ๐ฆ. This money wouldโve run out by July 2025 โณ.
- ๐ New Plan to Survive Longer: By moving $785,000 from a partner (Flowdesk ๐ค), theyโll boost savings to $3.2M ๐ฐ, buying time until Feb 2026 ๐ .
- ๐ฐ Big Risk with MAGIC Tokens: They own 22.3M MAGIC tokens (worth ~$2.3M) ๐ฎ. If MAGICโs price crashes ๐, they might run out of money by Dec 2024 โ Feb 2025 โ.
โ ๏ธ Problems Theyโre Facing:
- ๐ Cutting costs by stopping games ๐ฎ and their blockchain project (Treasure Chain โ๏ธ).
- ๐ช๏ธ MAGIC token price swings could ruin their plans ๐.
๐๏ธ Whatโs Next?
A report ๐ on Monday will explain how theyโll manage money ๐ผ and whatโs next for the project ๐บ๏ธ.
๐ฌ Why It Matters:
If you hold MAGIC tokens ๐ช or care about Treasure DAO, keep an eye ๐ on updates. Their future depends on MAGICโs price ๐ and smart money moves ๐ง . #DAO #USDC