The NFTFeed team proposes a vital decision for our community regarding the exchange of $WSHARKIE tokens for Sharkie NFTs. This decision will significantly impact the future direction of our project and the value of our NFTs. We present two options for our DAO members to vote on:
Option 1: Allow Exchange of $WSHARKIE for Sharkie NFT This option enables holders of $WSHARKIE tokens to exchange them for Sharkie NFTs at a predetermined rate of 0.011 ETH/NFT (approximately $31). This exchange is based on a rate yet to be announced (TBA).
Benefits:
Expansion of DAO Community: By allowing the exchange, we can potentially add more users to our DAO community. This inclusion can foster a more robust and diversified community.
Rewarding Airdrop Participants: This option acts as a reward for those who participated in Airdrop Season 2 of NFTFeed, acknowledging their support and contribution to our ecosystem.
Considerations: This approach may increase the number of NFT holders, potentially affecting the exclusivity and rarity of the Sharkie NFTs.
Option 2: Do Not Agree to Exchange
This option keeps $WSHARKIE tokens and Sharkie NFTs separate, maintaining the current structure without allowing an exchange.
Benefits:
Maintaining NFT Value: By not allowing the exchange, the value and rarity of Sharkie NFTs could be preserved, potentially enhancing their worth in the market.
Considerations: This decision might disappoint some $WSHARKIE holders, especially those who anticipated utilizing their tokens for acquiring NFTs.
Additional Considerations for Both Options:
Future Developments by NFTFeed:
Regardless of the decision, NFTFeed is committed to continued development and exploration of Initial DEX Offerings (IDOs) in new blockchains. This strategic move aims to expand our reach and enhance our platform's capabilities. Utility of $WSHARKIE:
The $WSHARKIE token will retain its utility regardless of the voting outcome. It will be used to buy and sell Sharkie NFTs and serve as a fee for the upcoming Social Engagement function of our NFT Aggregator. This utility ensures that $WSHARKIE remains a valuable asset within our ecosystem. Conclusion This voting decision is crucial for the direction of NFTFeed and the value of both $WSHARKIE tokens and Sharkie NFTs. We urge our DAO members to consider the benefits and implications of each option carefully. Your vote will shape the future of our community and project. Let's make a decision that aligns with our collective vision and ensures the long-term success of NFTFeed.