Nomo Player Token: Buyback

We have been listening to feedback from people minting player tokens and need to community to weigh in on the Nomo Player Token Buyback.

Concept: Give early minters who minted players that have no chance play and generate points the opportunity to exchange their player token for the opportunity to mint another player. This stands to benefit the community members that took part in this first mint and ended up with players that stand little to no chance to score any points in the league.

If a player meets the eligibility criteria, which will be based on the total number of snaps played. We are specifically limiting this to the practice squad level players that don't actually play each week.The minter can opt-in to swap their player token for 300 DAI.

The core team will use the DAI that went to the treasury from the sale of Player Tokens to buy back players for the same price as the mint. This gives the minter the chance to mint a new player token.

Current DAI in DAO Treasury from 20% of Nomo Token Sales: 62,760

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Buyback Timing: Start: Friday 11/19, 5:00 PM EST End: Tuesday 11/23, 5:00 PM EST

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Eligibility Rules:

• 764 players with the lowest total number of snaps played for the 2021 season, to date. *Means they played under 40 total snaps this season.
• Players on the Injured Reserve (IR) are not eligible if they do not meet the snap count criteria.
• Buyback will continue until the DAI in the wallet is gone or we hit the deadline. Whichever comes first.
• First come, first serve.

Steps:

1. Check if your players are eligible
2. Submit your Player Tokens ID# and your wallet address in a new ticket via the discord Support Bot. #📝feature-requests
3. We will confirm that the player is eligible
4. If the player is eligible, we will ask you to send the Player Token to the this Wallet Address that is owner by the DAO: 0x5FBd8AE80e26D82922f69aa51A99737dCd748f12
5. Once we have received the player we will transfer 300 DAI to your address.

Check if your players are eligible here: https://docs.google.com/spreadsheets/d/1uigClPp1UqJpgxMqRYneJi9RrWKYdMGWjMgem7b2TBk/edit?usp=sharing