CP_25-017: Coinage Zora Creator Coin Plan

Coinage has identified the opportunity to be a leading creator on the Zora platform. We have experimented by posting from our extensive library of IP and have found early success. Our Coinage Creator Coin reached a new all-time high on August 10.

As with our memecoin experiment, we believe that signaling to the market our intentions with our new creator coin is important. Some creators launch these only to immediately sell. This proposal seeks to implement a strategy that would signal we do not intend to sell our creator coin.

As discussed with Zora's co-founder on Coinage, it appears that Zora is building out a platform that could enhance Coinage's audience discovery quite a bit. As part of that, it could make sense to make a similar type of long-term commitment to ensuring our content gets in front of Zora users.

Context on Proposal 25-017

Coinage is already distinct from many creator coins on Zora in that we are a DAO steering our project and IP. Since we already have multiple lines of revenue, this creator coin is not necessary in the early stages for direct monetization.

But as we discussed in our episode on memecoins, they are still designed in a way that gives creators the ability to sell, which puts downward pressure on a coin's price. While Zora ensures creator coins are vested more slowly than other platforms, a portion is still released over the span of 5 years.

To support early price discovery, this proposal seeks to lock up Coinage's holdings of our creator coin at least through 2025. Plans beyond that date may come to look a lot like our plans for PLYBTN. Members are encouraged to join the discussion in our token-gated telegram.

Approving Proposal CP_25-017 would prevent Coinage from selling any Coinage creator coins in 2025.

NOTE: In order to vote, a wallet must now hold a Coinage Caucus or Network NFT. Our Caucus and Network NFTs allow holders to join our DAO/Co-op. To co-own the fastest-growing Web3 media outlet, you can mint one now. Become an official DAO member to become eligible for voting and patronage dividends. By minting, you will stand alongside the co-founder of Netflix, and other Web3 leaders today!