Thread #1, $100 USD

This proposal will have a $100 USD Bill tokenized and held in custody by the Governor.
Weavr Mortgage S.A. will manage the initial offering of the $100 Bill thread, and will transfer it to a custodial Governor upon completion of the fundraising effort; DAO willing.

The following content will be the description of the $100 USD Bill Thread:

Unique $100 Bill for Sale

Are you a collector of unique and rare currency? Look no further! We have a one-of-a-kind $100 bill available for purchase. This bill has a recorded and verified serial number, making it a valuable addition to any collection.

How to Purchase

If you’re interested in owning a fractional portion of this bill, you can commit funds to this Needle. Once the funds have been committed, the thread sub-DAO will review and approve the sale. After the sale has been approved, the Governor will post a 110% bond with the WEAVR platform to ensure the security of the bill. The pro-rata thread tokens will be sent to the buyer’s wallet after the payment has been confirmed and the thread has been created.

Please note that this offer is for the sale of a single $100 bill with a unique serial number and is not related to any other products or services. The thread sub-DAO and the Governor are not responsible for any issues or disputes arising from the sale of this bill. The buyer must comply with all applicable laws and regulations regarding the purchase and possession of currency. In case of the Governor fails to reproduce the same bill with the same serial number upon request, the Governor will forfeit the bond to the thread sub-DAO.

It’s important to note that the sale of this bill is not intended for illegal activities and any such use will result in the forfeiture of the bond and legal action being taken against the buyer. This bill is being sold as a collectible item and should be treated as such.

Don’t miss out on this opportunity to own a piece of history. Sign up to be a part of this needle and take the first step towards owning this unique $100 bill.

Benefits of owning a fractional portion of this unique $100 bill

  • A unique and rare addition to your collection
  • A valuable asset that can appreciate in value over time
  • A tangible and physical asset that can be held and admired
  • The Governor will post a 110% bond with the WEAVR platform to ensure the security of the bill
  • The thread sub-DAO will review and approve the sale before any purchase is made
  • The Governor will forfeit the bond to the thread sub-DAO if they fail to reproduce the same bill with the same serial number upon request

Disclaimer

This offer is for the sale of a single $100 bill with a unique serial number and is not related to any other products or services. The thread sub-DAO and the Governor are not responsible for any issues or disputes arising from the sale of this bill. The buyer must comply with all applicable laws and regulations regarding the purchase and possession of currency. The sale of this bill is not intended for illegal activities and any such use will result in the forfeiture of the bond and legal action being taken against the buyer. This bill is being sold as a collectible item and should be treated as such.

Please leave any comments or feedback about this proposal here; and participate in the onchain vote when ready.

3 Likes

Is it possible for only one person to own the whole $100 bill?

1 Like

If you buy it out! There’s a dissolution proposal that you can call on a Thread to “buy it out”, however 66% of the current owners have to agree.

Beyond that, you can’t vote with more than 10% of the total supply; you can keep buying thread tokens but it will give you less and less control.

2 Likes

When will the needle go live

It will go live in 9 days from today, as there was a bug in the previous version of this proposal that we could verify today.

Please vote on it when able

In order to meet Quorum, the tokens held in trust by Fractional Finance, inc were used to vote against the proposal - to ensure that FFI remains impartial to the overall vote itself; but provides sufficient voting power to stop the proposal from being disqualified.