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The Mothership DAO (Gray Boys)The Mothership DAO (Gray Boys)by0x709102aA75C7328641aeBc4133e97693ce0C8aa70x7091…8aa7

When, How Many, and Which Ones of the NFT World should we purchase?

Voting ended about 4 years agoSucceeded
  1. When? We need to complete the purchasing of NFT World before the airdrop snapshot

Seems the hottest proposal topic is to purchase NFT Worlds and make some developments. However, there is no time line proposed for the purchase in previous proposals. And I think its very important that we make the move asap before the $WORLD 1st round of airdrop snapshot taking place on 23rd December 2021.

  1. How many NFT Worlds to buy? We have 210 ETH in our treasury, as the NFT worlds’ natives, we Grey Boys to kick start our DAO by 10% ~ 20% of treasury allocation (21 ~ 42 ETH) to our own ecosystem NFTs is a reasonable decision.

--NFT Worlds may be one of the best performing NFT assets in the near future with high returns because we all know NFT World is currently significantly undervalued with so much good progress news coming up, upside potential is huge. ---Plus there is a $WORLD airdrop timeline coming soon on 23rd December 2021. And $WORLD token plays critical role to keep our NFTW +& GB dual-ecosystem dynamic and sustainable growth. It’s our native currency!
---In the recent RaritySniper ranking, https://raritysniper.com/nft-worlds, 10% ~ 20% of ETH spending might be able to get some decent amount of NFT Worlds and more or less of 200K ~ 400K air dropped $WORLD tokens into our treasury.

We could use the $WORLD reserve in our treasury for a lot of things apart from value proposition, such as marketing, promotions, events, networking etc, (when our treasury grow bigger we can even buy low sell high to stabilising $WORLD token price, which helps strengthen our ecosystem).

  1. Which ones to purchase? While we can sweep some floors, rarity should definitely be considered when setting up our portfolio. By adding rare Worlds, we are also supporting our NFT Worlds’ rarity structures.

Below are the detailed options of allocation and rarity ranges.

  1. 5% 10.5 ETH : 1X top 200 rank (floor-price), 1x top 500 rank (floor-price), the remaining funds to purchase as much as the floor-priced worlds. Before the air-drop snapshot.

  2. 10% 21 ETH: 2x top 200 rank (floor-price), 2x top 500 rank (floor-price), the remaining funds to purchase as much as the floor-priced worlds, before the air-drop snapshot

  3. 20% 42 ETH: 1 top 50 ranked, 2x top100 ranked (floor-price), 2x top 200 ranked (floor-price), 2x top 500 rank (floor-price), the remaining funds to purchase as much as the floor-priced worlds. Before the air-drop snapshot

  4. 20% 42 ETH: 21 ETH to purchase ASAP, allocation same as Option2 before the air-drop snapshot. Remaining 21 ETH designated for future vote of purchase in case price drop after air-drop, we may get some bargain, though without $WORLD token drop.

  5. 30% 63 ETH: 21 ETH to purchase ASAP, allocation same as Option2 before the air-drop snapshot. Remaining 42 ETH designated for future vote of purchase in case price drop after air-drop, we may get some bargain without $WORLD token drop.

Off-Chain Vote

5% (10.5 ETH) pre-airdrop
656 58.5%
10% (21 ETH) pre-airdrop
131 11.7%
20% (42 ETH) pre-airdrop
79 7%
20% (42 ETH), 21Eth pre-airdrop,
10 0.9%
30% (63 ETH), 21Eth pre-airdrop,
245 21.9%
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Timeline

Dec 20, 2021Proposal created
Dec 20, 2021Proposal vote started
Dec 23, 2021Proposal vote ended
Oct 26, 2023Proposal updated