SP0041 Proposal for Asset Restructuring: Selling VeeFriends Brave Bison and Acquiring a MAYC Mutant

Introduction As we navigate through dynamic market conditions, asset restructuring can be a strategic move to optimize the potential reach and benefits derived from our portfolio. This proposal outlines a plan to sell our existing VeeFriends Brave Bison Token (#1308) and utilize the funds, supplemented with additional community wallet resources, to acquire a more promising asset: a MAYC Mutant.

Proposal Details Background: The VeeFriends Brave Bison Token (#1308), which has been part of our collection for over two years, currently has limited reach and a low Inspect ranking of 151. Selling this asset not only liberates funds but also provides an opportunity to invest in assets with higher potential for growth and engagement.

Asset Details: VeeFriends Brave Bison Token (#1308)

Quantity: 40 (identical Bison tokens) Current Market Dynamics: Floor Price: 1.67 ETH Existing Offer: 1.56 ETH (for the Bison in question) Inspect Ranking: 151 (indicating low collection follow and reach)

MAYC Mutant Inspect Ranking: 4 Unique Wallet Holders: 11,422 Outreach Potential: High, with promising Twitter metrics and substantial reach Developer: Yuga (noted for having substantial funds and the best reach in the sector)

Proposed Transaction: Sale of VeeFriends Brave Bison Token (#1308)

Estimated Funds to be Generated: Approximately 2 ETH, aiming to get a premium for the Bison character compared to floor

Purchase of MAYC Mutant Additional Funds Required: 3 ETH Source of Additional Funds: Community Wallet (67% of which will remain intact for future use)

Benefits of Acquisition: Increased Reach: Aligning with a project having substantial reach and engagement potential Enhanced Utility: Utilization of the asset in Otherside, which is launching its open beta this month

Benefits and Potential Risks:

Benefits: Expanded Reach: Aligning with Yuga's MAYC can potentially increase our outreach to a larger audience. Utility in Otherside: Owning a Yuga asset will allow us access to exclusive benefits in the upcoming Otherside open beta.

Potential Risks: Market Fluctuations: Like any other investment, the asset prices are subjected to market fluctuations which might affect the investment adversely. Resource Allocation: Utilizing a substantial part of the community wallet might limit our capability for future investments.

Voting Options Option 1: Sell VeeFriends Brave Bison Token (#1308) Option 2: Sell VeeFriends Brave Bison Token (#1308) + Utilize 3 ETH from the community wallet, along with funds from the prior proposal, to acquire a MAYC Mutant.

Voting Period The voting period is set for 72 hours, allowing community members ample time to evaluate the proposal and cast their votes.

Discussion Community members are encouraged to discuss the proposal extensively on our Discord channel, where detailed information will be available. Feel free to voice your opinions, ask questions, and share insights before the voting period commences.

Conclusion This proposal aims to strategically restructure our asset portfolio to enhance reach and unlock additional benefits through a promising acquisition. Your participation and votes are crucial in guiding the direction and future prospects of the BOTB community.