As many of you know I have been in talks with MetaFactory over the past week or so regarding digi-physical merch for BeetsDAO. We’ve been discussing in the brand-storming channel and a group of us have decided to prioritize a BeetsDAO genesis bomber jacket!
While we will not have to pay for merch production (MF handles this and all logistics), I propose that we allocate funds to purchase bomber jackets for all ~57 of us and additional 3-5 jackets to be gifted to print holders and 4/20 drop holders. We will purchase these 60-65 jackets at a slightly discounted rate, and after that we can decide if we’d like to make it available to the public on MetaFactory's shop.
There are a number of considerations we can get into if this is approved, for instance:
MetaFactory estimates that the bombers will cost between $90-$220. Thus, to be conservative I want to assume we order 65 jackets at $220 per unit. This comes out to a total max cost (assuming $2450 ETH) of 5.83 ETH.
It is worth noting that we will be handsomely rewarded in MetaFactory’s $ROBOT governance token for this. Currently the rate is $3 worth of $ROBOT to every $1 spent on the site. This rate will soon decrease, but the fact of the matter is this is not only a way to establish our brand and get a priceless genesis digi-physical NFT, but also an investment in MetaFactory. We’ll be airdropped enough $ROBOT tokens to offset the ETH that we spend (and then some).
When it’s all said and done we could just swap the $ROBOT back to $ETH and recoup our costs completely. My vote would be to hold $ROBOT because it is aligned with our mission and vision, but my point is that this is a low risk scenario.
A YES vote on this proposal is a vote to allocate up to 5.83 ETH for this purchase.