IIP-86 MVI Fee Split Proposal

Just making a note here that as part of the switch over, I’ve asked that the Coop claims all tokens from my vesting contract (both vested and unvested), making a note of how many vested tokens were outstanding to be paid back at a later date. This helps me to avoid a large tax liability and further price risk due to no current process for the treasury to buy back tokens as set out in IIP-36 (tax in UK is due at price of claim). The contracts are not built to enable clawback without outstanding tokens being claimed, so this is a simple solution to avoid a forced claim.

The treasury have been notified and will pick it up as part of normal reporting. The responsibility for requesting the transfer at a future date falls to me and this note will act as record that this was agreed with the Funding Council (Dylan, Joe and Greg). This only applies to my contract.

10 Likes