End-of-Life Protocol
The SquatchFund may cease and dissolve the SquatchFund with a final distribution of dividends on January 6, 2030, (5 years after commencing sharing dividends with Squatch NFTs) unless unanimously voted by the SquatchTeam to continue the SquatchFund Protocol.
If the SquatchFund End-of-Life Protocol is triggered prior to January 6, 2030, the SquatchFund will offer to “buy back” Squatch NFTs on the OpenSea Marketplace at a price equivalent to the SquatchFund Trading Pool Balance, divided by 9,936 (the number of eligible Squatch Fund NFTs), less applicable transfer fees.
NOTE: In the event that this occurs, Squatch NFT holders may choose to retain their Squatch NFT, as a collectible NFT digital art asset, instead of selling back to the SquatchFund.
There are two potential "risk" events which have been assessed by the SquatchTeam for the End-of-Life Protocol for the SquatchFund.
1. Death or permanent disability of all of the SquatchTeam. This is seen to be highly unlikely, however, in the event of death or permanent disability of the entire team simultaneously, there are legal instructions to enact the End-of-Life Protocol. These instructions are held in trust by two independent representatives.
2. A huge market crash results in the SquatchFund becoming entirely depleted of tradable funds. This is seen to be highly unlikely bordering on impossible, given the diversified and varied portfolio of conservative through to higher risk investments within the SquatchFund – however, nothing in crypto is guaranteed (as we have all witnessed recently!)
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