Description This proposal request is for NounsDAO to burn Lil Noun #1 held in its treasury.
 In connection with prop 210 (redirect all future Lil Nouns emissions back to the Lil Noun treasury), the goal of this proposal is to begin the process of exiting our treasury’s Lil Noun position and the first symbolic step is sending token #1 to the official Ethereum burn address: 0x000000000000000000000000000000000000dEaD.

Let me be clear, Nouners are encouraged to join and participate in various sub-daos as they please. However, we need to be careful cultivating these relationships so that they don’t create conflict of interests and favouritism which ultimately hurt future sub-daos coming down the pipeline. For example, we narrowly avoided a catastrophe with prop 76 (giving a free Noun to Lil Nouns -- not even a month after their launch). That prop was put on-chain by a fellow Nouner whale who currently holds 313 Lil Nouns in their wallet. I understand that it can be difficult to make decisions that go against one’s financial interest, however I feel that many of us Nouners have reached a point in our lives where we can make those selfless choices.



In conclusion if this proposal were to pass, a followup proposal will be created to burn the remaining +720 Lil Nouns. The process of manually attaching every Lil Noun token transfer tx to the proposal will be quite time intensive, however I will volunteer to undertake this arduous task myself. 



Thank you to all my colleagues for taking the time to read the proposal.


Description This proposal request is for NounsDAO to burn Lil Noun #1 held in its treasury.
 In connection with prop 210 (redirect all future Lil Nouns emissions back to the Lil Noun treasury), the goal of this proposal is to begin the process of exiting our treasury’s Lil Noun position and the first symbolic step is sending token #1 to the official Ethereum burn address: 0x000000000000000000000000000000000000dEaD.

Let me be clear, Nouners are encouraged to join and participate in various sub-daos as they please. However, we need to be careful cultivating these relationships so that they don’t create conflict of interests and favouritism which ultimately hurt future sub-daos coming down the pipeline. For example, we narrowly avoided a catastrophe with prop 76 (giving a free Noun to Lil Nouns -- not even a month after their launch). That prop was put on-chain by a fellow Nouner whale who currently holds 313 Lil Nouns in their wallet. I understand that it can be difficult to make decisions that go against one’s financial interest, however I feel that many of us Nouners have reached a point in our lives where we can make those selfless choices.



In conclusion if this proposal were to pass, a followup proposal will be created to burn the remaining +720 Lil Nouns. The process of manually attaching every Lil Noun token transfer tx to the proposal will be quite time intensive, however I will volunteer to undertake this arduous task myself. 



Thank you to all my colleagues for taking the time to read the proposal.