Summary
Klima is launching Oct 18. We hold 70MM pKLIMA that vest at 3.5%. To vest we will need BCT. The current BCT price for post 2008 credits is $4.35 per ton if we buy up to 50k tons and $3.95 if we go up to 100k. (Broker will accept OHM) Klima will launch with 256,000 circulating supply, making our first vest 8,960. Expectation is that BCT market when placed on chain will make BCT more expensive. Keeping a small stock of BCT will make vesting premiums more profitable.
Terms
We would like to gain consensus to purchase 100,000 tons $395,000 - Aprox. 355 OHM . (7 days MA pricing)
Vote:
Yes: Execute OTC deal at set terms
No: Don’t execute OTC deal