Executive Summary

In light of prevailing market volatility and subdued demand, the core team recommends pausing the mint on the Blever platform, enabling secondary market trading for price discovery, and revealing the artwork for minted NFTs. These measures aim to enhance value for existing holders, foster community engagement, and position the project for sustainable growth. Prizes in $APE will be deferred until full mint-out, and revenue distributions will be calculated based solely on the current minted supply.

Background

Lazy Bull Club has achieved a minting milestone of 25%, reflecting strong initial interest from the community. However, recent market conditions—including broader economic uncertainties, fluctuating cryptocurrency values, and reduced liquidity in the NFT sector—have impacted minting momentum. Continuing the mint under these circumstances risks diluting holder value and prolonging uncertainty.

The proposed changes are designed to:

• Protect Holder Value: By pausing the mint, we prevent potential oversupply in a soft market, which could depress floor prices and erode confidence.
• Enable Market-Driven Valuation: Introducing trading allows for organic price discovery, empowering holders to realize liquidity and assess true market sentiment.
• Increase Transparency and Engagement: Revealing the artwork provides immediate utility and excitement for existing holders, allowing them to view and appreciate their unique "Bulls" NFTs without delay.
• Align Incentives: Deferring $APE prizes ensures rewards are tied to project completion, motivating future minting phases when conditions improve. Basing revenue splits on current supply maintains fairness and avoids speculative inclusions of unminted assets.

These steps draw from best practices in NFT project management, where adaptive strategies during market downturns have historically led to stronger long-term outcomes, as seen in successful collections that prioritized holder retention over aggressive expansion.

Proposed Plan

To implement this proposal effectively, the following actions will be taken in sequence:

• Pause Minting on Blever: Immediately halt new mints on the Blever platform to stabilize supply. This pause will remain in effect until market conditions improve or a subsequent governance vote approves resumption. Existing smart contracts will be audited to ensure a seamless pause without affecting minted assets.

• Enable Secondary Market Trading: Activate listings on supported marketplaces (e.g., OpenSea or equivalent platforms) to facilitate peer-to-peer trading. Implement any necessary royalty enforcement to sustain project revenue. Monitor trading activity to gather data on price floors and volume, informing future decisions.

• Reveal NFT Artwork: Proceed with a full reveal of all minted "Bulls" NFTs, allowing holders to access and display their assets via wallet integrations or project dashboards. This will include metadata updates and, if applicable, trait rarity disclosures to enhance perceived value.

Additional Details and Implications

• $APE Prize Distribution: All $APE-based prizes, including any raffles or incentives outlined in the project roadmap, will be withheld until the collection reaches 100% mint-out. This ensures prizes are funded from complete revenue streams and aligns with full project realization.
• Revenue Splits: Distributions of royalties, licensing fees, or other project revenues will be calculated exclusively based on the current minted supply of shares/NFTs. Unminted NFTs will not be factored into allocations, preventing dilution and ensuring equitable treatment for early supporters.
• Risk Mitigation: The team will monitor for any unintended effects, such as reduced community morale, and prepare contingency plans (e.g., community AMAs or airdrops) to maintain engagement.

Expected Benefits and Timeline

Benefits: Enhanced holder satisfaction through immediate visibility and liquidity; data-driven insights from trading to guide future minting; preserved project integrity in a challenging market.

Timeline:

Proposal Submission: Immediate. Implementation: Within 48 hours of approval, starting with the mint pause.

By pausing expansion, enabling trading, and revealing assets, we aim to build a resilient foundation for the project's next phase. The team welcomes community feedback and is committed to transparent communication throughout the process.

We encourage all stakeholders to participate in the upcoming vote to shape our collective future.