BRYAN LEGEND DROPS IN FOR A CONTROVERSIAL DISCORD MESSAGE
Legend dropped into the Official Safuu Discord late night yesterday, 3/29, to tell the community he will be utilizing the Safuu Insurance Fund capital, along with the Firepit funds, in the Vulcan Blockchain ecosystem. Legend coined the phrase,” Vulcan Development Program (VDP).” As this would be used to further the liquidity of Vulcan/OOXY.
“………However it is my opinion that the council treasury has not been utilised over the past months in practical fashion and as such going forward from now, all SIF funds as well as all SAFUU tokens held in the ‘accessible firepit’ will be sold/extracted for BNB on the 1st April and then rerouted to the Vulcan Development Program (VDP), to strengthen the liquidity in $VUL directly.”
@BLEGEND, DISCORD MESSAGE ID : 1090819714084773919
FOLLOWING THE ANNOUNCEMENT – SAFUU PRICE TUMBLES
As of writing now, Safuu price is $0.09484. In the past 24 hours the price has fallen -23.87%. Investors were quick to sell the news when Bryan presented the idea of taking the Firepit funds/SIF, and allocating them to VDP.
Bryan tried to alleviate the turmoil, by laying it lightly calling it an “early April Fools joke.” This did spark a bit more of a buy back as there was a slight spike in the chart, but soon after, Bryan retreated on the joke, and came forward that the news presented earlier was correct.
“I’m rolling with what I announced earlier today. There is no “April fools joke”. Please understand that all SIF + ‘accessible firepit’ assets will be rerouted to the Vulcan Development Program (VDP). This is now in action immediately and indefinitely @everyone P.S. Thanks to the few council members who have helped in bringing this action to fruition.”
@BLEGEND, DISCORD MESSAGE https://discord.com/channels/885440478277931021/885440478735134722/1090855888136441897
A DIVIDED COMMUNITY, TORN COUNCIL & OPTIMISTIC CEO
Bryan shortly headed an AMA after the last Discord message, to explain the reasoning behind the decision, and the rational needed to understand the actions that were going to be made moving forward by him. Bryan cited that Council had been slow with making decisions and moving forward with their $REVIVE token as a way to migrate from Safuu to Safuu V2. The Council said they were working on website development, Crew 3 initiatives, which took a lot of majority of their time, along with DAO voting structure that would hold their time hostage.
Making the executive choice, Bryan came out with the VDP idea, to utilize the funds from Safuu in a positive manner, but in this, citing the death of the token. Drawing the connection from this, the FirePit Keys have always been in Bryan Legends hands. Upon this removing that capital, would be the demise of the Protocol.
THE FINAL RULING ON THE TURMOIL AT HAND FOR THE SAFUU/BNB FIREPIT LP
After backlash, and listening to the community, Legend decided hours later to apologize for his behavior and reverting his proposals for the Community, citing that the Council will have further tasks with the fate of the Safuu token.
THE FINAL PROPOSAL FOR SAFUU AND REVIVE FROM THE COUNCIL
Join and View the Announcement Here : https://discord.com/channels/885440478277931021/885441459619250196/1091084311987486750
The SAFUU Council has been able to negotiate an EXCLUSIVE agreement which we feel aligns in the best interests for ALL SAFUU holders.
We have held multiple Council discussions and were able to formally come to a legal agreement of the following beneficial terms for EVERY SAFUU holder.
The following terms have been preliminary agreed upon between the SAFUU Council and BL as the official representative of OOXY Labs:
$150,000 USD from the Council Funds Treasury will directly be invested to secure OOXY Tokens by depositing into the official OOXY Treasury Wallet. This does not fall under the normal “Sacrifice” condition. Instead, the commitment is EXCLUSIVELY HELD under token purchase conditions, where the SAFUU DAO purchases $150,000 USD worth of OOXY tokens from OOXY labs.
This will be done under the following terms and conditions which are signed off on preliminary:
20% total bonus.
Written agreement in this purchase between the SAFUU DAO and OOXY labs.
10% day 1 the first day of launch token unlock.
90% of purchased OOXY tokens are subject to linear daily release vesting schedule 11 month bond.
REVIVE Token is the beneficiary of those terms under the agreement between the SAFUU DAO and OOXY labs.
The SAFUU DAO transitions from SAFUU on to REVIVE and is entitled to all the above mentioned terms under the REVIVE DAO structure.
The REVIVE DAO is free to use those funds as they wish to use them at their own terms and conditions.
The Council agrees to send $150,000 USD in USDT stable coin to the official OOXY Treasury owned wallet deeming the agreement as valid before the OOXY sacrifice event (that is due payable on or before April 12th 11:59 PM UTC).
All of the above terms are subject to further Council negotiation between the SAFUU Council and BL representing OOXY labs and have been preliminary agreed upon as a step towards the final negotiation process that will finalize the above terms in a written form.
We believe the OOXY Token to represent the best bang for buck and the wisest choice given its potential in its tokenomic value which aligns with the original SAFUU Vision and the Expansion of the Vulcan ecosystem.
https://discord.com/channels/885440478277931021/885441459619250196/1091084311987486750
