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$FLOOT & Familiars$FLOOT & Familiarsby0xd046B3C521c0F5513C8A47eB3C2011684eA80B270xd046…0B27

What should we do with the 57 Genesis Mana we can mint?

Voting ended about 4 years agoSucceeded

Genesis is likely Loot’s most active derivative project and the Floot and Familiar collective currently is able to claim 57 Genesis Mana with our 37 Loots. Before we lock the Loots in fractional.art, we could mint the Genesis Mana and do some things with these.

We could either sell the Genesis Mana (floor of GM is 0.22 ETH), try to mint some Genesis Adventurers by trading a few to buy others (floor of GA is 3.25) or do nothing. As Timshel said, it could be quite remarkable to coordinate the Floot and Familiar collective to mint Genesis Adventurers, which is a Loot coordination game on its own. Perhaps this (or these) Adventurer would have a special history in the Lore of Loot.

Downside of doing something with Genesis is that it would take time and delay the fractionalization of our Loots and the minting of Floots. In addition, we need to account for the gas cost of minting and trading.

See the full discussion here: https://loot-talk.com/t/what-should-floot-and-familiars-owners-do-with-the-current-57-genesis-mana/1982

Here are the 4 options:

  1. Mint the Genesis Mana and sell them. Revenue would be used to buy more Loots
  2. Mint the Genesis Mana, trade some and try to mint Genesis Adventurers. Sell remaining GMs
  3. Mint the Genesis Mana and lock them in the vault with the Loots
  4. Do nothing and let the future owner of these Loots mint these GM

Off-Chain Vote

Mint and sell Genesis Mana (GM)
256 66.1%
Trade GM to mint G. Adventurers
106 27.4%
Mint and lock Genesis Mana
25 6.5%
Do nothing with Genesis
0 0%
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Timeline

Nov 08, 2021Proposal created
Nov 08, 2021Proposal vote started
Nov 19, 2021Proposal vote ended
Oct 26, 2023Proposal updated