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Potion DAOPotion DAOby0xa11386BCFe676802194B0a547C9370719794fF060xa113…fF06

Potion Post Sale Token Allocation

Voting ended almost 4 years agoSucceeded

The goal of this proposal is to obtain an insight into what the various groups (Wise Wizards, Kelly Knights, OGs, Fellowship and Legendary) see as an acceptable token distribution model.

It should be clear that as the snapshot is based on PLUCK, the results will be analyzed OFFLINE, each wallet will be mapped based on the NFT types it holds and the amount. This information will then be used to gain a better understanding of which model (if any) is most likely to result in a successful reveal.

The accompanying spreadsheet can be found here: https://docs.google.com/spreadsheets/d/1vpWelBpWvkHY_QJX_IpaIr99NuIhI9AlscdNprfFsyQ/edit?usp=sharing

For more information, please visit the discord and read the lengthy discussions across all channels.

The crux of this proposal is as follows -- fellowship, advanced and legendary were not sold out (advanced was later canceled) and thus the question is how should the tokens be distributed.

All models adhere to the following logic:

First we calculate the tokens per NFT that each group would receive had all NFTs been sold out (this is weighted by the relative share that each group holds from the total passphrase).

Group -- Tokens/NFT -- $/token Wise Wizards - 8,195 - $0.33 Kelly Knights - 5,492 - $2.87 OGs - 1,344 - $0.00 Fellowship - 766 - $2.61 Advanced - 2,188 - $0.00 Legendary - 7,004 - $2.86

The next step is to take all remaining undistributed tokens and distribute them amongst the various groups based on a relative re-weighting of the secret.

Finally, this proposal agrees to maintain the initial 30% bonus for all entities that reveal within the initial 72 hours.

The models are as follows (each model determines the weights to set at the green cells in the spreadsheet in D31-36):

  1. All groups weighted equally - 1.
  2. Wise Wizards, Kelly Knights, OGs and Advanced - 1. Fellowship and Legendary - 4.
  3. Wise Wizards, Kelly Knights, OGs and Advanced - 1. Fellowship and Legendary - 8.
  4. Wise Wizards, Kelly Knights, OGs and Advanced - 1. Fellowship and Legendary - 12.
  5. Wise Wizards, Kelly Knights, OGs and Advanced - 0. Fellowship and Legendary - 1.

Option (1) is also known as the model proposed by Apophenia.

Option (5) is also known as Proposal 5 (https://snapshot.org/#/potiongov.eth/proposal/0xba6d3ea3aa473a5416236455205674ec2883bbaa3bbc8ed4fafc560dbd9815b2) that stated "Allocate weights to segments based on their relative percentage share of total secret, then divide by the amount of people who participate in the reveal event for each section.".

Options (2,3,4) are also known as the model proposed by Tessler.

Wize Wizards: Option 1 - 12,718 tokens/NFT - $0.21/token Option 2 - 12,386 tokens/NFT - $0.22/token Option 3 - 12,012 tokens/NFT - $0.23/token Option 4 - 11,700 tokens/NFT - $0.23/token Option 5 - 8,195 tokens/NFT - $0.33/token

Kelly Knights: 1 - 8,523 - $1.85 2 - 8,301 - $1.90 3 - 8,050 - $1.96 4 - 7,841 - $2.01 5 - 5,492 - $2.87

OGs: 1 - 2,086 - $0 2 - 2,032 - $0 3 - 1,970 - $0 4 - 1,919 - $0 5 - 1,344 - $0

Fellowship: 1 - 1,189 - $1.68 2 - 2,333 - $0.86 3 - 3,621 - $0.55 4 - 4,698 - $0.43 5 - 16,776 - $0.12

Advanced: 1 - 2,086 - $0 2 - 2,031 - $0 3 - 1,970 - $0 4 - 1,919 - $0 5 - 1,344 - $0

Legendary: 1 - 10,869 - $1.84 2 - 21,329 - $0.94 3 - 33,100 - $0.60 4 - 42,944 - $0.47 5 - 153,360 - $0.13

Off-Chain Vote

Option 1 (Apophenia)
435.06K 44.6%
Option 2 (Tessler, weight 4)
421.91K 43.3%
Option 3 (Tessler, weight 8)
71.39K 7.3%
Option 4 (Tessler, weight 12)
37.77K 3.9%
Option 5 (Proposal 5)
9.38K 1%
I do not support this model
0 0%
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Timeline

Mar 21, 2022Proposal created
Mar 22, 2022Proposal vote started
Mar 25, 2022Proposal vote ended
Oct 26, 2023Proposal updated