BEEFY Proposal

What

Beefy NFTs will be a collection of NFT Images:

• 5000 Beefy Cow Club NFTs
• There are 93 different themes(everyone will find at least one theme he/she likes)
• Every single NFT is unique(tho this means there will be no Rarity rank)
• Living on the Ethereum Blockchain.

Why

These NFTs serve a few purposes:

• To bootstrap liquidity to a 80% BIFI 20% ETH weighted Balancer pool, which can then use the veBAL and Gauge system to promote long-term token-holder alignment
• To give the beefy community the NFT collection they have always wanted
• To increase the liquidity/volume of BIFI on mainnet
• To spread awareness about Beefy.com on mainnet, a large network which is the hub of NFT trading Furthermore, at the end of a liquidity lockup period, the funds will be released and NFT holders can redeem their percentage of the liquidity; essentially they get their tokens back minus the developer percentage, which will be held very low.

We also propose a sell tax on each NFT:

2.5% TAX

• 1.5% TAX goes to 5 year locked up LP
• 1% TAX for marketing/giveaways

Users can be incentivized to further lockup their liquidity, earning trading fees and perhaps more perks along the way. The NFT will not be destroyed upon redeeming, but each NFT can only be redeemed once.

Who

Tilty as the founder and frontend dev Pepecow as the NFT image creator and co-founder: helped build Celsius community in its early days Alderian as the Solidity dev: 10 years coding experience, new to solidity

Pepecow has a small team that does the images with him. Aside from this small task force, we hope to get some help from beefy people in the marketing department.

When

When beefy launches on mainnet (soon ™) The NFT images are all done! The Website is up, there is no web3 connection available yet, but the landing page is available: https://beefycowclub.com/ (lots of changes/fixes coming, kep your eyes peeled!)

How

Here is where the Go To Market comes in. We plan to collaborate with a lot of beefy partners of course, weso has indicated that this is possible. But we also will be seeking collabs (giveaways, twitter spaces etc) with existing NFT Projects and Ethereum protocols to spread awareness of both this project and beefy in the mainnet space.

Issues

Getting enough BIFI if we mint out.

Here we have two options, with the first being the favorable one: Buy BIFI OTC from the likes of qidao (their community wants them to sell), or we can market buy BIFI. This will likely cause a spike in the price but if we set realistic target prices and buy into large liq., it should not matter too much; these processes will obviously happen under a multisig.

Bottom line: What we want

Assistance/knowledge transfer on marketing and go to market, as that is something we have no experience in. Chance for a twitter space with beefy where we introduce and talk about the project Retweets :)

3000 usdc for artist costs 2000 usdc for contract deployments = 5000 usdc

For any questions please ask in the beefy discord :)