Proposal by AlabasterJefferson#6585 / AlabasterJefferson.eth

Note

This proposal has many variables at play. In a result that the winning vote is for a multi-variable option. The Council will decide what the final variables are. We simply do not have enough time to vote on each variable by mint day.

What is going on?

For Season 2 mint of Dino Babies in Space NFT we created an option for users to mint around 40% of available Space Pirates with their existing Dino Eggs. This feature was designed so that under January market conditions, all wallets that have held a ziggy for one month would be able to use their eggs to mint a space pirate.

With Space Pirate delayed 4 weeks from the original date, the math that went into the cost of space pirates no longer meets the goal of “All egg holders can mint.” If 80% of active wallets claim their eggs intending to purchase pirates, then the demand will exceed the supply of egg-mintable space pirates.

This does not ruin the play-to-earn game mechanics of Season 2. Pirates stealing eggs will still happen and Dino Eggs will still continue to have use outside of minting space pirates.

The only element at risk here is the concept that there will be a remainder amount of space pirates available for minting in the subsequent weeks.

This proposal asks the question Do we need to prevent a mint-with-Egg gas war? and If so, what should we do to address it?

How has the math changed?

In late January, there were ~2,200 holders of Ziggys generating under 2 dino eggs a day. With a target mint of early February, a pirate mint price of 28 Eggs was chosen as each holder will be able to mint on average 1.1 pirates. With 3388 available pirates for minting with Eggs, the generation rate would allow Ziggy holders to effectively get their max mint and still have a remainder as more eggs are generated across February.

However, due to the complicated artistry and prioritizing advanced P2E mechanics, the mint date has been extended by 3 weeks. This extension along with a consolidation of 1,800 Ziggy holders has increased the per-user generation rate to where the average user should be able to mint on average 2.4 pirates per wallet, thus potentially putting some wallets at risk of not purchasing a mint-with-egg pirate.

The levers at play

If we deem that something should be done about this situation, there are 3 levers we can modify to allow all potential wallets to mint a space pirate with Dino Eggs.

1. Price - We can edit the price of a space pirate to reflect the new average user generation rate and extend days until mint
2. Max-per-wallet - We can limit how many pirates can be minted with Eggs.
3. Max-per-transaction - Can limit how many pirates can be minted in one transaction

Considerations

This will not impact anything about the 5,500 pirates for eth mint. All ziggy holders will get to mint 1 pirate per ziggy held for eth.

• No change is an option.
• Engineering will be using 721A so gas requirements are naturally low
• The only risk we are facing is an Egg-mint gas war where the pirates may sell out

What you are voting on

This proposal requires a Ranked-choice voting. The voter will select their order of options from most preferred to least preferred. As options are eliminated, all votes from the eliminated option will go to their next preferred option. This continues until there is a 50% favorite. Note: select all the options you want ranked in one vote submission

• Change price to 56 Dino Eggs. By our calculations, if the Egg price of all pirates is 56 $Egg, then every wallet that can meet the threshold will get to mint their max pirates. This will however prevent ~800 wallets from making the threshold
• Change price to 70 Dino Eggs. At this price point, only 2,100 pirates can be minted on mint day, which then also leaves a remainder over time as more people generate/steal eggs. This will prevent ~2,000 wallets from meeting the threshold on mint day.
• Create a max wallet limit on mint day of 1 pirate bought with eggs. This would allow only 2,100 egg-mint pirates to be purchased on mint day, giving all users 24 hours to get one pirate with eggs. The price per pirate is 28 eggs.
• Create a max wallet limit on mint day of 2 pirates bought with Eggs. This would allow every wallet a chance to mint on mint day at the current price of 28 Eggs. However, 981 wallets will mint less than their total potential.
• Create a max wallet limit on mint day of your ziggy count. After calculations, this would allow ~4900 pirates to be purchased at max case scenarios. Holders who only recently bought multiple ziggys (in the last 2 weeks) would lose out on some opportunity. The price per pirate is 28 eggs.
• Create a max wallet limit of your ziggy count with a marginal decrease function. This would allow small holders to mint a near 1:1 ziggy to pirate wallet, but limit the total max a large holder has by up to 50% of their total ziggy count based on how much of an outlier their holdings are. The best comparison to this would be a marginal tax system where larger incomes pay slightly more relatively to smaller groups. The price per pirate is 28 eggs.
• Combine multiple options (discord vote for final)

Any option needs above 18% Quorum and to be greater than Reject option to pass approval on Final Vote.