MINO Now Below Backing

Hi everybody! Another heads up that the MINO market cap is now below backing! That means the treasury’s balance now exceeds the MINO token’s market cap.

For the DAO to be healthy, the MINO market cap has to exceed the treasury backing per MINO. This means MINO buying would have to occur!

If the MINO market cap remains below backing for too much longer, we will take a vote to distribute the treasury and end the DAO. We have submitted an update request to our snapshot strategy to make the voting fair!