BIP 004 - Acquire 3 Nonconformist (Nonco) Ducks NFTs for Networking, IP, Perks, and More

INTRO

Duckmaster’s first NFT was an OG Bull. He’s shown supportive replies to Council interacting with him on X. He’s also built an impressive ecosystem, Ducks being the cornerstone.

Like most OG collections that are still active, Ducks have a wide variety of ways to get value out of participation. While this acquisition is, initially, about networking, IP use, and a longer hold investment, it opens the door for CW and thus holders to enjoy more granular perks, too.

PROPOSAL

Acquire 3 Nonco Ducks for up to .15 ETH total. If price suddenly spikes, contract is still valid but cannot be executed until 3 are available at this composite price (.05–including gas— max per duck). [Given current floor and gas prices, actual cost should be significantly lower than max.]

Automatic and Optional Limit Sales Orders

Automatic: If price ($WETH offer) of a single asset rises to exceed total cost (3 assets + gas) of acquisition, 1 of the 3 NFTs will be sold to recoup CW’s initial investment. Which of the 3 are least valuable and thus sold will be determined by Council.

Optional: If price of the remaining 2 assets reaches 10x initial acquisition cost, Council has the option to sell 1 of them for CW to realize this ROI.

SUMMARY

We talk about how great collabs are for this space. Let’s back it up with strategic action.

Acquire 3 Nonco Ducks for up to .15 ETH with fiscally-responsible riders built in to optimize this diversification.