Treasury Proposal: CoinList Distribution

Summary: Proposal to enable up to 30M $NFT to be distributed through CoinList for a serious marketing push and to get wide exposure among other crypto communities.

Proceeds from the distribution through CoinList will be directed to the Community Treasury, following payment of CoinList’s fees.

Background: CoinList (coinlist.co) provides a platform for digital asset companies to distribute their tokens to non-US parties who are interested in becoming a part of new token protocols and ecosystems. CoinList prides themselves on compliant distributions, focusing on crypto-savvy audiences outside of the US, and carefully vetting all parties through Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance processes.

Some of the biggest and most well known names in crypto space have raised funds or distributed tokens via Coinlist: NuCypher ($2.2b FDV), Filecoin ($151b FDV), Dfinity, Solana ($7b FDV) and ofcourse the one you should definitely know - FLOW, the NFT giant ($1b mcap / $42.5b FDV).

First case of an already traded token (like in our case) being distributed through Coinlist is ongoing at this very moment - Rally.

Rally ($RLY) token price increased ~3x after the Coinlist news got released to the public. Graph: https://i.gyazo.com/4d8c53972f35e8dba3da85c91df396ee.png

Proposal: This proposal will authorize CoinList’s distribution of up to 30M $NFT from the NFT Protocol Treasury.

The distribution terms should include:

Up to 30M $NFT will be distributed by CoinList to non-U.S. parties at a negotiated price based off the reference price, calculated as the 15-45 day trailing average price of $NFT. Several Months of lock-up period for any transaction, during which $NFT purchased may not be traded. And a gradual distribution schedule. Capped maximum purchase amount. A "Yes" or "No" vote would signal the team about the communities sentiment regarding this proposal.