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2025 Vrbs DAO. No Rights Reserved.

20MomentRanks Asset Purchase Agreement

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Tx
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Ξ2

Summary

This proposal seeks approval from the members of VRBS DAO LLC to enter into an Asset Purchase Agreement (“APA”) with MomentRanks, Inc., a Delaware corporation. The agreement is for the purchase of certain assets, including software, intellectual property, and operational assets related to the MomentRanks platform.

Key Terms of the APA:

Seller: MomentRanks, Inc.

Buyer: VRBS DAO LLC

Transferred Assets: Includes, but is not limited to:

  • Software and code of the platform, including front-end and back-end code, smart contracts, and blockchain-related code.
  • Platform data, such as user data and transaction metrics.
  • Operational assets, cloud infrastructure, and third-party service accounts.
  • Legal and compliance documentation, marketing, customer support assets, and social media accounts.

Excluded Assets: The Seller retains all other assets not explicitly listed as Transferred Assets.

Assumed Liabilities: VRBS DAO LLC will assume liabilities related to the transfer and registration of the purchased assets.

Consideration/Cost to VRBS DAO LLC: The total consideration for the Transferred Assets is 20,000 Vrb Votes tokens, an ERC20 token on the Base Ethereum L2 Network, plus 2 ETH for the purchase of the Vrb Votes tokens to complete the transaction. Any ETH remaining after the Votes purchase will be returned to the treasury.

Access the token contract here: https://basescan.org/address/0xDFb1cd29c4aB6985F1614e0d65782cd136115b6A

Signatory: It is proposed that Jack Terry will serve as the authorized signatory to execute the APA on behalf of the DAO.

Rationale: This acquisition provides strategic value to VRBS DAO LLC by integrating a robust platform and technology stack that enhances the DAO’s operational capacity and market presence. It also strengthens the DAO’s technical assets, user base, and compliance infrastructure.

Transactions

  1. 0x57639443e683f89b1ea1c1c0180ef2a3ab421338.transfer(2 ETH)
0x68f...8fc
riderwayvoted abstain
4.4k VOTES9.77% Quorum
rocketman21.ethvoted abstain
16.6k VOTES36.96% Quorum
iheartdomains.ethvoted for
5.0k VOTES11.11% Quorum
afurmanczyk.ethvoted for
1.1k VOTES2.38% Quorum
Peterpandamvoted for
1,000 VOTES2.22% Quorum
OxOOxOvoted for
14.8k VOTES32.93% Quorum
Jerkvoted for
22.6k VOTES50.19% Quorum
punx.ethvoted for
27.8k VOTES61.74% Quorum
7mo ago
let's get MR PLAY on VRBs!
7mo ago
Hi folks - available to answer any questions over DMs. MomentRanks is the company I founded a few years ago, which built the Vrbs protocol and website. We are out of money as a company, and are shutting down. As part of the shutdown process, Jerk has negotiated with our board so that Vrbs has an opportunity to own the website source code + open source it.
7mo ago
Resubmitted the proposal to correct the title. Let me know if you have any questions.
Voting ended

7 months ago

Quorum

45.0k votes