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CityDAOCityDAOby0x34ef30c856CbaeDD604034b7202D9D7de23277dcgregfromstl.eth

How should we price the Parcel 0 Plot NFTs?

Voting ended about 4 years agoSucceeded

Parcel 0 will be divided into 950 plots. The original purchase price of Parcel 0 was approximately $100K.

The case for market price:

  • The DAO should minimize costs for citizens
  • We shouldn't be in charge of determining the land's worth

The case for a higher price:

  • Revenue for the DAO to spend on future land drops
  • Cost of the work done to make the drop a reality + gas fees
  • Not the whole DAO will be able to purchase plots, those who are whitelisted should pay for the opportunity to purchase
  • Too low of a price could make the NFTs appear insignificant

This vote will be done as ranked-choice voting.

Off-Chain Vote

0.5 ETH / Plot NFT
100 9.4%
0.25 ETH / Plot NFT
165 15.5%
0.1 ETH / Plot NFT
610 57.2%
0.025 ETH / Plot NFT
191 17.9%
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Timeline

Dec 08, 2021Proposal created
Dec 08, 2021Proposal vote started
Dec 13, 2021Proposal vote ended
Oct 26, 2023Proposal updated