$CRUNCH LOTTERY & UTILITY
It is proposed that The DAO implement a lottery system for high end NFT's, with tickets be purchasable with $CRUNCH. The NFT would be purchased with DAO funds, and given away via lottery. The $CRUNCH that Chubbies spend on tickets will be used in two ways:
- Burned (Thus further enhancing scarcity of supply and the deflationary Ecosystem)
- Retained Earnings in the DAO
The lottery ticket costs will be adjusted based on the budget set by the DAO, and based on the current lottery prize.
Lotteries will also include opportunities to enter lotteries for whitelists of exclusive and prestigious projects. Lotteries will be run on a regular basis.
Example NFT's for raffle: Azuki, MAYC, Kaiju Kingz, Doodles, Llama Pass, etc.
These would be high ticket items!!!
To enter the lottery you will also NEED to be a Chubby Kaiju owner!
Off-Chain Vote
Allocate 0 ETH
13 1.5%
Allocate 10 ETH
44 5.2%
Allocate 20 ETH
123 14.4%
Allocate 30 ETH
284 33.3%
Allocate 40 ETH
16 1.9%
Allocate 50 ETH
374 43.8%
Re-visit Topic in Proposals Chat
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Timeline
Feb 20, 2022Proposal created
Feb 20, 2022Proposal vote started
Feb 22, 2022Proposal vote ended
Oct 26, 2023Proposal updated