Proposal To Purchase NFTX Tokens

It is hereby proposed that the DAO purchase $NFTX tokens for the purpose of voting them in the NFTX proxy votes for floor DAO Gauge Wars and other votes as decided by the DAO.

With the possibility of 15ETH bi weekly sweeps of eligible NFT collections like Bgans getting closer, now it the time to act.

NFTX holds 9000 gFLOOR which can be voted in NFTX proxy votes which can and often do include proxy votes for Floor DAO Gauge Wars.

I believe the best thing we can do to positively affect the price of Bgan NFT's, other than make the public aware of their value due to the most important aspects of Bgans, such as beauty, historical significance, early AI Gan PFP status, Etc..... is to keep liquidity flowing into Bgans with the goal of long term deep liquidity and NFT financialization for Bgans.

I believe that currently the most effective way to do this is via Floor DAO gauge wars.

Gauge wars are held every two weeks and there is a vote for which collection or collections are swept with the FLOOR DAO earnings for subsequent 2 week period.

This is great, but it may get even better. With the V2 of Floor DAO, assuming it is implemented, there will be a fixed amount of ETH per gauge war to be used to sweep eligible NFT collections which includes Bgans. It was set to be 10 ETH every two weeks but it seems it may be 15 ETH every two weeks.

In the most recent Gauge war, Bgans garnered 40.75% of the vote. This would equate to a 6 ETH sweep of bgans for this two week period.

Bastard DAO currently holds approximately 1500 gFLOOR tokens which is the token used to vote for the collections to be swept. Our DAO votes these each gauge vote and we have seen the sweeps come in as promised.

The NFTX DAO holds 9000 gFLOOR tokens and they normally hold a proxy vote each gauge war for where to direct these holdings.

The potential to garner a larger than normal amount of gFLOOR votes exists as witnessed by previous NFTX proxy votes.

The result of this previous vote in particular shows the out sized voting power that is possible but in no way guaranteed or representative of most votes by owning $NFTX tokens.

For this vote, Bgans won 63% of the vote with only 67 total $NFTX tokens voted for Bgans. Now this is NOT normal at all, but it shows the type of out sized vote that is possible.

It is not realistic to think this will happen again or that this is normal, but either way, if our DAO holds $NFTX we will be able to vote them in a similar manner as we currently vote our gFLOOR tokens every two weeks.

This will give us a percentage of the 9000 gFLOOR votes controlled by NFTX as well as holding the $NFTX token as a productive asset in our DAO.

It is hereby proposed that our DAO uses 3 WETH to purchase NFTX tokens for the above stated purpose.