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Based LoansBased Loansby0x7c23Ec85618C51Ab13310df4aAe8bc2DC9Cd4D380x7c23…4D38

BLIP69-Based Rugs Completion

Voting ended almost 5 years agoSucceeded

The Based community has worked together for the last three months to create Based Rugs, a decentralized NFT platform. The platform utilizes a native $RUG token to coordinate decentralized governance and create additional incentives for artists: https://basedrugs.medium.com/introducing-based-rugs-7af158e5c5c0

The community has nearly finished Rugs. This includes a frontend, backend (with IPFS database), and recruitment of more than 30+ artists. The frontend is a specially designed webpage that uses 3D objects and Windows 95 designs to create a very unique platform experience: https://ibb.co/c207XrK

We are in the works with two protocols for future integrations of Rugs into their galleries. However, we have not received the smart contract work or heard from the smart contract developer about the status of his work, so we need to hire another contractor to finish this. We have paid roughly 20ETH in current costs on the project, but the current contractors are unable to finish the project without the smart contracts.

We are requesting 300K BLO to hire a smart contract engineer to develop a (1) token contract, (2) governance contract, which the current team is capable of testing and incorporating into the front end and Snapshot.

The incentive for the BLO communities are (1) support Based artists who have contributed a significant amount of “creative capital” to the organization, which will be monetized through the Rugs platform, (2) promoting the growth of a NFT platform for future collaboration (e.g., NFT lending), (3) promoting the Based ecosystem writ large.

Off-Chain Vote

Yes
339.36K 93.1%
No
25K 6.9%
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Timeline

Jun 22, 2021Proposal created
Jun 22, 2021Proposal vote started
Jun 23, 2021Proposal vote ended
Oct 26, 2023Proposal updated