We can raise funding through voluntary donations, there is no need for a forced deevaluation of ones assets.
This is delusional. The so-called assets have near-zero value at this point, especially considering lack of liquidity if trying to sell them.
A proposal to raise capital and put new effort to (re)build the game into something of significant value is 'devaluing' nothing. I take no position on the 10% specifically, but the idea that a made up database currency in a nearly-defunct game can't be diluted as part of a viable plan is taking things too far. The game owners can consider it IMO. Maybe it still gets rejected, which is fine.