Summary
This BIP proposes the sale of Sorare Account 1 (“Max”) cards to long-time contributor and account curator Max, for the agreed amount of $42,500 USDC.
This transaction finalises Max’s exit from his role as a BlackPool DAO contributor and Sorare asset manager, while ensuring the DAO receives mutually agreed compensation consistent with market conditions for the account.. Proceeds will return directly to the BlackPool Treasury, strengthening overall liquidity and enabling redeployment of funds towards new strategic initiatives.
Mandate & Recipient of Funds
In line with the mandate granted to the BlackPool Association to execute operational activities on behalf of the DAO, the Association shall facilitate the transaction strictly in an execution-only capacity, without assuming ownership, custody, or liability for the assets, and act solely as the executor of the sale.
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Buyer: Max (current account manager & contributor)
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Sale Price: $42,500 USDC
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Recipient of Funds: BlackPool Treasury
Subject to receipt of the agreed consideration, all rights, title, and custody of Sorare Account 1 and its associated digital assets shall be transferred to Max, who shall assume sole responsibility and ownership thereafter.
Why This Matters
The sale of Sorare Account 1 (Max) represents an important step in both honouring contributor agreements and strengthening treasury flexibility.
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Contributor Exit: Provides a clean and transparent mechanism for Max to exit his position as a Sorare asset manager and contributor to the DAO.
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Valuation: The agreed $42,500 USDC reflects a mutually agreed price between the DAO and Max, consistent with prevailing market conditions, and provides the DAO with compensation for the account.
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Treasury Strengthening: Proceeds from the sale will flow directly back to the DAO, adding liquidity that can be redeployed into ongoing and future strategic priorities.
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Clarity of Custody: Removes ambiguity around contributor-held assets by formalising ownership transfer, aligning with best practices in DAO treasury management.
Deliverables
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Execution of the Sorare Account 1 (Max) buyout transaction, subject to DAO approval and confirmed receipt of payment.
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Receipt of $42,500 USDC into the BlackPool Treasury.
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Confirmation of full transfer of account ownership and associated assets to Max.
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On-chain and DAO forum documentation of the transaction for transparency.
Budget Breakdown
This transaction adds to DAO reserves rather than drawing down treasury:
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Incoming Funds: $42,500 USDC to the BlackPool Treasury
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Outgoing Assets: Sorare Account 1 (Max) cards transferred to Max
No additional operational budget is required.
The Association’s role is limited to administrative execution. At no point shall the Association or its officers be deemed to have taken ownership of, or liability for, Sorare Account 1 or its assets.
Timeline & Milestones
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Week 1: Upon confirmed DAO approval and verified receipt of $42,500 USDC, execute transfer of Sorare Account 1 cards to Max.
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Week 2: Confirm transaction settlement, update DAO treasury records, and publish final report to the DAO.
Compliance & Legal Considerations
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The Association’s role is strictly limited to execution on behalf of the DAO and does not imply ownership, custody, or assumption of liability for the assets.
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The DAO confirms that this transaction represents a final settlement of obligations relating to Max’s prior role as Sorare asset manager.
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The transaction is conducted on an arm’s-length basis and no further claims, warranties, or liabilities shall arise for the DAO or the Association beyond execution of the transfer and receipt of funds.
Voting Options
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For: Approve the sale of Sorare Account 1 (Max) cards to Max for $42,500 USDC, with execution subject to DAO approval and confirmed receipt of payment as set out in this proposal.
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Against: Reject the proposal; retain Sorare Account 1 under DAO ownership.
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Abstain: Abstain from voting.