Growing the NyoStore

To continue growth and activity within our community this document proposes setting aside a set percentage from the community royalties each week to pursue desirable items to include in the NyoStore.

This proposal is meant to work in conjunction with a new method of earning NyoCoins. Community members will be rewarded with NyoCoin by participating in Twitter Raids. A good community welcomes in new members and that is what we hope to encourage!

Purpose Funding the store can allow the team to make purchases of sought-after tools, utilites, or physical goods and make them available to dedicated community members through the NyoStore. This will bring value to holders since only holders can spend NyoCoins while everyone can earn them. Keeping the Twitter active is important and interest in NyoCoin will help.

Funds Required The initial recommendation is to utilize 50% of the royalties sent to the community wallet for funding the NyoStore. This equates to .5% royalty from any given week. This amount will fluctuate with the volume of the collection. It is also proposed that an initial injection of 4ETH is taken from current community funds to jumpstart the store.

Risks Spending money is always a risk. We will need to closely pay attention to what the community wants and what is reasonable to purchase, taking into account recent volume.

Further Action Required The cost of items and how many items are needed will need to be adjusted as the team gets an idea of demand and the NyoCoin Economy. Items included and the cost of items will be ultimately determined by the team, but input from the community is strongly considered.

Vote For - Approve all proposals and initiate usage of funds Against - Deny all proposals Quorum will be reached at 350 Nyolings casting votes