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KaraStar DAOKaraStar DAOby0xcF4e2657FfB9161D0aab23742e390b38a13Ade530xcF4e…de53

Part 3: UMY Stability, $KARA and Breeding Cost

Voting ended almost 4 years agoSucceeded

UMY Stability, $KARA and Breeding Cost

Previously I have made 2 proposals that have been voted on:

  1. https://snapshot.org/#/karastar.eth/proposal/0x3755d886b7a3c6a8b613c77efef510464b29d7f0a6d25f7a1e53c18f8b4ccee4

  2. https://snapshot.org/#/karastar.eth/proposal/0x8ea379c6f0b1be3d5308ff7490018d041fb7bfc5b16c8351c63b73f0ae271f17

Breeding cost need to be adjusted to market needs.

What's happening right now: Just an example: Kara A (0 Number of Breeds) Requires 150UMY Kara B (0 number of Breeds) Need 150UMY So if you want to breed it, you need 300 UMY for one breed.

Recommended: Kara A (0 Number of Breeds) Requires 150UMY Kara B (0 number of Breeds) Need 150UMY

Base UMY (Price 0.10) breed 300x0.10 = 30 USD for one breed (without breed count) Requires a fixed value $Kara token for breeding (All breed counts use a fixed number Example: 5$Kara

UMY price in Market at 00.00 UTC : 01/02/2022 UMY Price 0.10 Kara A (0 Breed Count) + Kara B (0 Breed Count) Requires 30 USD to breed. 30usd / 0.10 = 300 UMY for nursery + 5 $Kara

02/02/2022 UMY Price 0.08 Kara A (0 Breed Count) + Kara B (0 Breed Count) Requires 30 USD to breed. 30usd / 0.08 = 300 UMY for a nursery 375 UMY + 5 $Kara

03/02/2022 UMY Price 0.05 Kara A (0 Breed Count) + Kara B (0 Breed Count) Requires 30 USD to breed. 30usd / 0.05 = 300 UMY for a nursery 600 UMY + 5 $Kara

04/02/2022 UMY Price 0.12 Kara A (0 Breed Count) + Kara B (0 Breed Count) Requires 30 USD to breed. 30usd / 0.05 = 300 UMY for a nursery 250 UMY + 5 $Kara

This is an example of a change in UMY prices for nursery costs. What has been suggested now is good. However, making monthly changes did not make UMY stable.

Functions for Games:

  1. Evaluate the UMY per day using nursery fees in USD. So that the price of UMY remains stable in the market because it will be consumed again for Breed.
  2. Teach KARA NFT prices to be stable and calculated/affordable.
  3. With UMY stability, ROI for new players will also be faster (1mo)
  4. Consumption of UMY will be more stable because the movement of breeding prices will change according to market prices.
  5. For breeders, there will be a distinct advantage with stable and good Kara NFT prices.
  6. Make the game more interesting and stable so that new players will be more interested in playing.
  7. Keep $Kara token stable so that $Kara token is more useful and everyone starts collecting $Kara. Not only stored and used for trading.

Off-Chain Vote

Agree
92.19 49.9%
Disagree
92.52 50.1%
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Timeline

Feb 09, 2022Proposal created
Feb 09, 2022Proposal vote started
Feb 10, 2022Proposal vote ended
Oct 26, 2023Proposal updated