Summary
This proposal seeks DAO approval to authorize the transfer of approx. 205,000 CTX from the Cryptex DAO Treasury to an individual participant. The transaction will be settled and administered by the Cryptex Finance LLC Multisig acting solely as the DAO’s off-chain administrative agent.
The participant will remit USD $250,000 in fiat consideration, calculated using the 30-day TWAP of CTX on Coinbase as of 11 November 2025, should this proposal be approved.
No discounts are granted to the participant. The participant intends to stake all acquired CTX and participate in DAO governance on the same terms as every other community member.
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Background
• The counterparty is an individual participant, not a venture fund.
• The participant has completed KYC verification and meets accreditation standards where applicable.
• The DAO has previously approved operating-initiative proposals settled off-chain under Cryptex Finance LLC’s administration.
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Transaction Terms & Economics
• One-time disposition of approx. 205,000 CTX from the DAO Treasury.
• Fiat consideration: USD 250,000, priced at the 30-day TWAP of CTX on Coinbase as of 11 November 2025.
• Settlement occurs only upon DAO approval.
• Cryptex Finance LLC will charge no fees to either the participant or the DAO for administering this transaction.
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Treasury Impact
Following settlement, DAO CTX holdings will decrease from 2,043,045.16 CTX to approximately 1,838,045.16 CTX.
A post-settlement treasury update will confirm balances, pricing, and proceeds.
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Settlement & Administration
Cryptex Finance LLC acts solely as off-chain administrative and settlement agent to effectuate the DAO’s instruction.
The participant will remit fiat consideration directly to Cryptex Finance LLC.
Cryptex Finance LLC performs only administrative and settlement functions and does not act as an issuer, broker, dealer, underwriter, custodian, or investment manager.
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Use of Proceeds
All fiat proceeds will be recorded by Cryptex Finance LLC and applied toward ongoing developer and protocol efforts in accordance with DAO initiatives.
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Counterparty Compliance & Optional Restrictions
• The counterparty has completed KYC, AML, and accreditation checks.
• Cryptex Finance LLC confirms compliance with sanctions screening against applicable lists (OFAC / EU / HMT etc.) prior to settlement.
• For U.S. regulatory purposes, this transaction is intended as a private, off-chain disposition to an accredited counterparty, with no general solicitation by the DAO, consistent with applicable exemptions under U.S. law.
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Governance & Process
If approved, the DAO authorizes Cryptex Finance LLC to facilitate off-chain settlement and transfer approx. 205,000 CTX in accordance with the pricing methodology and terms above.
This proposal remains subject to all Cryptex DAO governance requirements, including quorum and approval thresholds.
Following settlement:
• A post-close update will be published within 1 day, documenting final price, proceeds, source/destination wallet addresses, and on-chain transaction hashes.
• If any material deviation from stated terms occurs, a confirmatory governance action will be posted for ratification before closing.
• Cryptex Finance LLC will retain all KYC, accreditation, and settlement documentation consistent with applicable record-keeping standards.
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Risks
• Operational risks include counterparty settlement delays or on-chain execution errors.
• Regulatory risk remains inherent given evolving digital-asset frameworks.
The DAO and Cryptex Finance LLC will continue to implement reasonable KYC/AML/sanctions controls and maintain compliance with the stated regulatory positioning.
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Voting Options
YES — Authorize Cryptex Finance LLC, as the DAO’s off-chain administrative agent, to facilitate settlement and transfer approximately 205,000 CTX from the DAO Treasury to the designated multisig for completion of settlement, and to administer proceeds per this proposal.
NO — Do not authorize; DAO Treasury balances remain unchanged.
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Disclaimers:
This proposal does not constitute an offer to sell or a solicitation of an offer to buy any security or financial instrument.
It represents a governance decision by the Cryptex DAO to approve a one-time disposition of treasury assets through an administrative process.
Ownership of CTX conveys only those rights established by the Cryptex DAO smart-contract system.
The transaction will comply with applicable AML and sanctions requirements.
For U.S. regulatory purposes, the parties intend this to be a private disposition to an accredited counterparty under applicable exemptions, without public solicitation.
Neither the Cryptex DAO nor Cryptex Finance LLC makes any representation or guarantee regarding the outcome or success of this or any subsequent initiative.