Degenz secondary trading fees

Proposal: Degenz secondary trading fees

Last year, in the height of Degenz FUD, we agreed to form a DAO and route all secondary trading revenues to the DAO wallet. At present there is 15.24ETH in the DAO wallet (https://gnosis-safe.io/app/eth:0xB4EC12C4Ff409aD520101352bfcA450434012909/balances). Since the initiation of the DAO there have been zero proposals for use of the funds.

We are proposing the following:

1. The total proceeds of the current DAO wallet get sent to a new multisig, co-controlled by OSF and Mando. This wallet will fall under what we will establish as "Degenz Research".

2. All future secondary trading fees will be routed to the Degenz Research wallet.

We intend to use the proceeds for the following:

1. Re-design and build the http://degenz.co/ website. As part of this, we would like to be able to upload all reports and content to the website, which would be accessed via a web3 login with one's Ethereum wallet (so disbanding the existing Google Drive).

2. Hire additional researchers. We are already in contact with bringing people onto the team to help write reports; these are people we know IRL and have a knowledge of crypto, NFTs and traditional finance markets; pretty much identical backgrounds to Mando and myself.

With the additional report, we would produce 5 reports a week, covering all topics from new mints, blue-chips, coins, gaming, music and more. So we would be producing at least 260 reports a year, making Degenz a knowledge hub and driving value to Degenz. This would form the beginning of a more aggressive expansion for Degenz as an alpha group and beyond.

In return, we want to give Degenz and Re-Genz LIFETIME access to all content that we produce. We think what we will be producing is going to be unique (AFAIK no one else is producing written or in-depth reports) and expanding our team is going to allow us to up both the quality and quantity of reports. The eventual goal is to charge an annual subscription for website content only, but we expect the price of Degenz and Re-Genz should be meaningfully higher before we do that. Having full access to the Discord, giveaways etc will remain as preferential benefits to the NFTs over the annual memberships.

We will continue to work with RugRadio and be able to use it as a platform to promote Degenz (so far we've only done a small amount of marketing this year but it has seen our Discord users double from 2.5k to >5.k). We will also continue to work with Flips and aim integrate synergies there with Degenz.

In summary, taking back control over the secondary trading fees will allow us the opportunity to grow this into a much bigger platform, providing consistent and quality content, and have a real shot at driving some value to both Degenz and Re-Genz.

Voting will end on tomorrow, Wednesday 9th March at 8PM EST.

We will be hosting an AMA in the Discord voice lounge tomorrow at 5PM EST.