selling SNT with a profit

[ghost]

Bounty

As agreed in last tactical call, the Fund Manager is empowered to trade in best interest of LeapDAO. LeapDAO members requested to sell SNT tokens from Multi-Sig, with a fixed profit of 2632,50 DAI.

Scope

• receive 40500 SNT in Fund Manager address
• observe market for specified sell price 0.065 USD
• execute trade

Deliverables

• return 2632,50 DAI to leap multisig
• link to sell transaction via fund manager address

Funding Circle

General Circle

Bounty Owner/Gardener

@0x-vic as Fund Manager

Gain for the Role

taking first action to hedge LeapDAOs activities against market risk

Roles

bounty gardener/worker: @0x-vic / 200 DAI bounty reviewer: reality

Gardener checklist

• [x] I have attached one of the size- labels to this bounty
• [x] I have submitted this bounty via http://bounty.leapdao.org/viewform
• [x] I have added this bounty to bounty board here https://github.com/orgs/leapdao/projects/6

[ghost]

received: 115000 SNT @ 0.023 $ = 2675,82 $

cost of buying - this trade: 40500 x 0.023 $ = 931,50 $

target: sell 40500 @ min 0.065$ = 2632,50 $

final profit is calculated: profit from selling = cost of selling – cost of buying – fees

[ghost]

https://etherscan.io/tx/0xdf89d5c5d4af25330cf6d897dfc271e38f44e99f168402131535bcaadc2612d6

sold @ sell 40500 @ min 0.0739 $ = 2995 DAI

[ghost]

https://etherscan.io/tx/0x8dca72e7cfae20fee58e6bf78e418a4e62756785d9be6efbbe8731ca779fa657

2795 returned to Leap Treasury