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NFTEarthNFTEarthby0xD131F1BcDd547e067Af447dD3C36C99d6be9FdEBwestonnelson.eth

[NIP-005] TEST WEBHOOKS - Preparations for Rev Share Implementation

Voting ended over 2 years agoSucceeded

This proposal is to the NFTEarth DAO to approve the specific implementation of the Revenue Sharing Program, using a highly creative and unique tokenomic model for aligning incentives. Based on the concept of vote escrow; the team has adapted the concept to extend to Layer2, change the timing of locks, and introduce an LP token (a Balancer BPT token as the token to lock). This will account for 40% of the weekly Rev Share Distribution; sent to the contract in $USDC.

The other unique component is that of the Earthlings NFT - with only 4,444 ever to exist; they will create a unique economic incentive that benefit both the DAL and holders and likely lead to highly active secondary marketplace trading (of which both NFTEarth DAO and stakers benefit from by virtue of marketplace fees and also royalties).

Off-Chain Vote

Yes, let's do it.
3.21M NFTE100%
No, not the best way.
2 NFTE0%
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Discussion

NFTEarth[NIP-005] TEST WEBHOOKS - Preparations for Rev Share Implementation

Timeline

Jun 15, 2023Proposal created
Jun 15, 2023Proposal vote started
Jun 18, 2023Proposal vote ended
Oct 31, 2024Proposal updated