Sunset FRENS, Use GLTR for TICKETs, Tickets redeemable for 10% restock fee.

AUTHOR: HARDKOR GOTCHIID: 15883

Since the introduction of GLTR and the launch of Realm, much discussion has been held on what is appropriate to do about tickets.

The FRENS mechanic is outdated and many feel causes unsatisfactory experiences for those who buy tickets and are at the mercy of DAO votes to delay raffles.

This proposal does three things -

Upon passage, FRENS emissions will be reduced by .1 FRENS and continue to be reduced by 0.1 FRENS per month, until they stop completely. Tickets will be purchasable with GLTR, and redeemable for GLTR at a 10% restocking fee Tickets bought with FRENS cannot be redeemed for GLTR, as there is no supply of GLTR allocated for this. A second sigprop could be raised, to have the DAO stake it's alchemica for GLTR, if this is desired. Currently, drop tickets(10k frens) have a floor of 2.5 GHST, which is 127k GLTR This would be 1.27 GLTR per FRENS at todays rates. To not further destroy the ticket market by undercutting it, Pixelcraft will set the FRENS/GLTR ratio at the time that Pixelcraft has the technology ready to release. This will prevent people from manipulating the market, as only Pixelcraft will know when they are shipping.