LITTLE GHOSTS - NFT PAWN SHOP

LITTLE GHOSTS - NFT PAWN SHOP

This DAO is about solving an issue that all NFT's owners have experienced at least once.

What to do if you need a quick buck and you have no liquidity or cash left .. but you do have this huge collection of NFT's, or in-game inventory?

Solution: you could go to the in-game PAWN SHOP of Little Ghosts. Simply trade in your goods, and get some liquidity that way. Or come back later and buy your NFT's back with some added interest.

Say you have a Buff +6 ghost, with the current floor price being 0.45 BNB. The pawn shop could relieve it from you at say a 50% discount = 0.225 BNB. You are relieved because at least you have some funds now. And the pawn shop owner made a bargain, and can chose to relist that NFT or inventory immediately back on the market at a sensible price and with profit.

If your NFT is not sold after a certain period of time, and say you now have some fresh funds available once again, you could buy your items back at a certain interest rate - so not at the full sell price it is officially listed, but still making sure that the pawn shop makes a profit.

Ideally, the pawn shop would be run by the community wallet through smart contracts.

There would be possible limitations to how much the pawn shop can purchase per day // or relative to the amount of BNB or ECTO available within the community wallet if it is indeed run by that wallet.

A pawn shop would help protect the floor price of our NFT's getting too low.

And if run by the community wallet, it also makes sure that the project stays actively involved in its own success.

The pawn shop would also be a great way for new users to buy something on the cheap, from a known vendor (community wallet) hence supporting the project even further.

This proposal requests a big effort from our DEV team, so patience will be required if this one is accepted.