Dissolution Vote

FartStrategy is, above all else, a DAO. Token holders have the right to dissolve the DAO and claim the constituent Fartcoin. At any point the DAO can put up a vote to dissolve FartStrategy and allow people to burn their $FSTR for the vault’s Fartcoin (pro rata). If $FSTR trades below the value of its Fartcoin holdings for a prolonged period, this would make sense. Such a vote would have sufficient time and notice for all parties who are engaged with the FartStrategy ecosystem to be able to participate (minimum 1 week).

If the vote passes, FartStrategy would immediately stop minting new tokens and stop accepting new bonds. It would allow all outstanding bonds to mature. It would sell enough Fartcoin to repay all on-chain debts. Then, calculating how many $FSTR are in existence and how many Fartcoin are in the vault, fartstrategy.com would add a frontend tool that allows people to burn their $FSTR for a pro-rata amount of Fartcoin from the vault.

The existence of this mechanism suggests a fair value for $FSTR but does not guarantee any buyback or floor price at any specific time. Remember, above all else FartStrategy is an entertainment and comedic DAO, not an investment with any expectation of profit.