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Krause HouseKrause Houseby0xea0774226d998a2f513c3698901869189195C1b50xea07…C1b5

$KRAUSE Rewards Program

Voting ended over 3 years agoSucceeded

AUTHOR

dbag#3251

PROPOSAL

This proposal seeks to unlock 290k KRAUSE to fund a rewards program for Krause Court NFT minters

206k KRAUSE would be used to drop every Krause Court minter according to this scale below

$KRAUSE
Court-Side 4000
Club-Level 300
Upper-Level 20

90k KRAUSE would be used towards a multiplier bonus. Here’s how you’d win that multiplier:

  1. Enter 3 wallets, either yours or your friends
  2. If those 3 wallets were used to purchase and Krause Court NFT you will earn the following multiplier of the scale above:
Multiplier
Court-Side 0.75
Club-Level 0.5
Upper-Level 0.25

Ex. If you mint a courtside NFT and you refer 2 others that mints a club-level and a upper level you and your friends would receive a bonus drop of

Courtside Bonus (you): 4000(0.75) = additional 3000 = 7000 $KRAUSE total

Club-level (friend): 300(0.5) = additional 150 = 450 $KRAUSE total

Upper-level (friend): 20(0.25) = additional 5 = 25 $KRAUSE total

NOTE:

  • The 90k bonus is contingent on upper limit of participation. Any unused or reserved $KRAUSE would just remain in the Krause House multi-sig & not dropped to minters.
  • 296k KRAUSE makes up 5.92% of the Supply that will be part of the Krause Court Mint. Compared to the 15% that was airdropped from the Genesis mint

REASON

To bake in an incentive mechanism for our upcoming Krause Court NFT and also gamify our minting process to bring network effect into our growth strategy. This can also give a chance for those seeking $KRAUSE to have another chance to accrue more tokens. It also welcomes members to participate in governance.

Off-Chain Vote

For
17.91K KRAUSE23.4%
Needs Edits (say why in Discord)
1.45K KRAUSE1.9%
Against
57.21K KRAUSE74.7%
Download mobile app to vote

Timeline

Jun 17, 2022Proposal created
Jun 17, 2022Proposal vote started
Jun 20, 2022Proposal vote ended
Oct 26, 2023Proposal updated