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DegenzDAODegenzDAOby0xDcaE87821FA6CAEA05dBc2811126f4bc7fF73bd1osf.eth

How many Degenz should be burnt to obtain Re-Genz?

Voting ended over 4 years agoSucceeded

Of the 11,111 original Degenz, 2092 were burnt by being sent to the null address 0x0000000000000000000000000000000000000001 (OpenSea has told us this will be reflected "very soon"). This leaves a total of 9019 Degenz remaining, of which 413 are held by the dev wallet, and 169 by OSF (both occasionally used for small giveaways).

As you know, we have been working on a new collection, Re-Genz. After weeks of discussions the overwhelming feedback is the community supports a burn of Degenz to obtain Re-Genz, which will result in a further reduction in Degenz supply. We are therefore proposing two options:

  1. Burn 2 Degenz for 1 Re-Gen, with a maximum supply of up to 3333 Re-Genz.

  2. Burn 3 Degenz for 1 Re-Gen, with a maximum supply of up to 2222 Re-Genz.

The option to burn will be left open for 5 days, as to give everyone an opportunity and avoid gas wars. If Re-Genz were to fully "sell out", Option 1 would see a final supply of 2253 Degenz and 3333 Re-Genz and Option 2 would see a final supply of 2253 Degenz and 2222 Re-Genz.

Voting will close August 16th, 6PM EST.

Off-Chain Vote

2 for 1
1.29K 58.5%
3 for 1
913 41.5%
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Timeline

Aug 13, 2021Proposal created
Aug 13, 2021Proposal vote started
Aug 16, 2021Proposal vote ended
Oct 26, 2023Proposal updated