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Hive InvestmentsHive Investmentsby0xdf165941F3330D53779df3B0b34B52adacAd6cc20xdf16…6cc2

Implementation of temporary floor price mechanism

Voting ended almost 4 years agoSucceeded

Bees, the team have had internal discussions about a topic related to Hexagon's release.

There are 2 options that the team is considering moving forward:

  1. Hexagon implements a temporary stagnated limit on floor price for the genesis collection, meaning that you will not be able to list your bee for sale below a certain price (9.5 HNY and is linearly correlated to the current mint cost). This would help to maintain higher mint volume due to less risk of price variation.

  2. Allow Hexagon to operate as a free market in which case there is the risk of large amounts of undercutting and potentially having a low floor, which means lower mint volume and less revenue to the protocol.

Please cast your vote as to which option you think is best moving forward.

Off-Chain Vote

Option 1
524 Bees93.7%
Option 2
35 Bees6.3%
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Timeline

Apr 07, 2022Proposal created
Apr 07, 2022Proposal vote started
Apr 08, 2022Proposal vote ended
Oct 26, 2023Proposal updated