0xAcid Ethereum 10k Marathon Club

Victory is for people who make it to the end.

“The two most powerful warriors are patience and time.”

The concept that "nothing lasts forever" makes progress more beautiful by encouraging us to cherish the present, embrace change, and strive for continuous improvement. This perspective fosters adaptability, gratitude, resilience, and an appreciation for imperfection and impermanence, enhancing the meaningfulness of our progress.

Indeed, setting an endpoint for a project is a bold and strategic decision. In a landscape where many projects struggle to create lasting products or become stagnant, having a clear final goal can differentiate your project and demonstrate commitment to its vision. Emphasizing the destination doesn't imply losing momentum; rather, it can motivate the team to work harder, like a dedicated marathon runner pacing themselves until they reach their target. This approach showcases persistence, hard work, and determination, which are valuable qualities in any endeavor.

Here's a proposal outline for the ETH 10k Marathon project:

Background:

https://discord.com/channels/1074290831160250398/1085839937011720202

The proposal seeks to establish a target of ETH reaching $10,000 for the treasury, thereby strengthening the connection between ACID tokens and the treasury's financial objectives.

Details:

Why call this plan the ETH 10K Marathon? During community conversations about $ACID Tokenomics, someone likened it to a race.

Alpha-Trip-Guide:

https://discord.com/channels/1074290831160250398/1087358666744795157

0xAcid alpha trip guide vol.1

In this race, your primary goal is to increase your share in the treasury. Not only can you expand your share by consistently vesting/locking, but you can also purchase discounted ACID Tokens using bonds at the opportune moment and lock them. All strategies focus on ROI, driven by short-term benefits from LSD. In the long run, there's only one finish line - ETH at $10,000 - and multiple winners.

Currently, most ACID tokens are locked, and our community has grown to over 10,000 members. At this point, 0xACID begins with the LSD narrative, marking the race's start, but the race's duration remains uncertain. Some participants will inevitably drop out, and the number of those celebrating at the finish line is uncertain. This race is a test of conviction, and those who reach the end will experience its true beauty.

Regarding the product itself, this race isn't overly challenging. Participants can obtain sustainable long-term returns by locking ACID tokens, which is why we start with the LSD narrative. We hope everyone can engage in the LSD domain to access more readily available long-term opportunities to hold ETH.

The 0xACID Team will continue developing more strategies and products to serve the ACID community. However, we also need to establish a long-term goal for holding ETH.

Proposal:

Liquidate the 0xACID Treasury when the ETH price reaches $10,000.

Liquidation method: Treasury assets will be distributed based on each address's ACID holding ratio.

Our community has reached a consensus, and the 0xACID vault will distribute the treasury to all ACID holders once ETH hits $10,000. There are 636 active participants (locked address count) currently earning wstETH rewards at an 35.25% APR, with the vault holding 4,700 ETH. Our ultimate goal is to reach a $10,000 USD valuation for ETH, making us one of the strongest bullish forces in the entire crypto market! Would you like to join this race? 

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“YOU ARE THE BELIEVERS.”