[FINAL PROPOSAL] Noodles

Doodle IDs for Kudos: 350, 1970, 2357

Discourse: https://forum.doodles.app/t/noodles-derivative-formal-proposal/402/ https://twitter.com/Noodles_NFT https://discord.gg/Noodles-NFT

Rationale: The creation of the Doodles derivative “Noodles” to promote our objectives:

1. Create a Doodles companion for NFT newcomers and existing Doodle holders
2. Fund the Doodlebank Treasury for its vision and goals

Goal: Create a community of 5,555 Noodles, with 833 (15%) free mints reserved for Doodlers. Commit 20% of initial primary sales to the Doodlebank. Set the precedent in which derivatives should be created and the manner that they are perceived in.

Cost: Expected net positive to the Doodlebank after revenues from primary sales.

-0 ETH out of Doodlebank +47.2 ETH into Doodlebank (if all Noodles are sold)

Timeline: Tentative launch date: December 13th - 17th, 2021 Launch date is to be determined and publicly announced to the community and Founders at least 3 days in advance.

We have high confidence in this timeline because,

1. Art & Noodle traits are completed, but we are always open to improvements and tweaks to reflect Noodles community culture in Noodles Discord.
2. Website is completed with working minting functionality.
3. Smart Contracts are completed and tested on Testnet and on OS.

Launch Plan: There are a total of 5,555 Noodles and the price will be 0.05 ETH. Noodles will commit 20% of primary sales revenue to Doodlebank & 833 free mints for Doodle holders who have claimed the ‘Free Mint’ role in our Discord. An allocated 1,000 general whitelists will proceed to mint the following day and the remaining Noodles will be held for general sale after.

Minting will take place over the course of 2 days, Day 1: Doodler’s Day

• 833 (15% of supply) reserved free mints (1 mint per wallet, 20 hours to claim)
• Reserve 50 Noodles for future marketing and promotions

Day 2: Noods’ Day

• 1,000 Whitelisted Noodle members (between 1-3 mints per, 12 hours to claim)
• Up to 3,672 general public sale (# of mints TBD)

Reveal (4 hours after start of general public sale)

Community & Marketing : Doodle-side

1. Tweet about @Noodles_NFT after the final proposal passes as the first community supported derivative Doodles
2. Retweet (2) promos and giveaways in the lead up for launch publicly announce the mint in Discord
3. Create a ‘derivatives’ channel in Discord highlighting Noodles + art
4. Raffle off free Noodle mint’s in Discord

Noodle-side

1. Giveaway (1) Doodles NFT
2. Run interactive competitions for outreach and community building

Accountability: Ethan is responsible for the organization of the community, Justin is responsible for back-end and smart contract security, Fidel is responsible for front-end website development with integration for smart contract mint functionality. Revenue earned from the project will be secured and managed with a multi-sig Gnosis wallet. 20% primary sales revenue to the Doodlebank is hard-coded into the smart contract to ensure the safety of funds and will be audited by Poopie. Sales phases will be rigorously tested on Rinkeby with the Doodles core team prior to launch.