CP_25-018: Offering a Discounted $COINAGE Membership Mint

Earlier this year, Coinage identified the opportunity to become a leading creator on the Zora platform. In short order, we have achieved that goal, with $COINAGE becoming the Number #1 creator coin on the platform this weekend by exceeding a $3 million market cap.

As you know, Coinage's creator coin is already distinct from many creator coins on Zora in that we are a DAO steering our project and IP. This proposal will further distinguish our creator coin from others as we seek to integrate $COINAGE into the "Alchemy of Attention" flywheel we've recently announced.

Context on Proposal 25-018

We believe that signaling to the market our intentions with our new creator coin is important. That was also why we approved CP_25-017 to not sell the DAO's unlocked $COINAGE through the rest of the year. Some creators launch these coins only to immediately sell. Not us.

But without offering holders anything to do with a creator coin, that only gives them the option to hold or sell. Instead, this proposal seeks authorization to give up to 100 holders of our creator coin a different option by opening the opportunity to mint a Coinage Caucus NFT to unlock membership in co-owning our DAO at a 30% discount to minting in ETH (currently priced at 0.25 ETH.) 

As all Coinage members know, there are incredible benefits to using a Coinage Caucus NFT to become an active member. Not the least of which is actually owning Coinage, and unlocking the ability to become eligible to vote in proposals like these, or to unlock patronage dividends.

Approving Proposal CP_25-018 would authorize Coinage to give 100 holders of our creator coin holders a 30% discount on minting a Coinage Caucus NFT. While that may sacrifice forgone ETH that the DAO would stand to receive for the transfer of these NFTs, we would continue to allocate $COINAGE.

Given our Caucus NFTs are on Ethereum Mainnet and our $COINAGE token is on Zora, approving Proposal CP_25-018 would also authorize the DAO to transfer 100 Caucus NFTs to $COINAGE holders via a separate checkout flow. Conveniently, this may accelerate the mint count to adjust Caucus prices higher pursuant to CP_25-015.    

Members are encouraged to join the discussion in our token-gated telegram.

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!