SquadStrategy by Fab

DAO Proposal: Support SquadStrategy launched by Fab

Overview: This proposal outlines a strategic decision to support or not support a SquadStrategy project similar to PunkStrategy on ETH. The proposal is important because this strategy will be built on SquadNFTs , It has been proven successful of ETH but hasn’t been tested on BNBCHAIN. It will affect SquadNFT floor and possibly $SQUAD token price.

Basic Idea: Tokens(will be initially sold) sold will have 10% tax, of which 8% will be to buy the floor SquadNFTs, 1% will go to SquadSwap treasury and 1% to PixelSweeper treasury.

When an NFT is bought, It will be listed at 1.1-1.3x of the buying price. When an NFT is sold, 100% of the proceeds will go to token buyback and burn.

Initial Token Launch: 100% of the token supply will be provided together with 5 BNB as LP. To prevent sniperbots, there will be a 70% fee on start, degrading 1% per minute to 10% (1h => normal 10% fees). Squad NFT holders will get 10% fee discount allowing them to buy earlier.

NFT Sell: Resell prices can be configured from 110%-200%, the actual resell price is randomly uniformly picked in this range. For start this will be 110% -130% matching the 20% on average.

Contact Collections Breakdown: The contract will collect three types of funds:

1. Own token: 10% on every transfer

2. BNB: collected tokens are sold when contract has enough tokens (and not on buys to not hurt chart) for BNB. This BNB is used to buy NFTs. Can be triggered by anyone. Needs to provide a signed message from rareboard API of what the floor is. So no risk of selling squads for 3BNB to the contract).

3. WBNB: NFTs sold are payed in WBNB, this is collected and used to buyback and burn (can be triggered by anyone small chunks every few blocks to not allow shenanigans)

Proposed Dao Vote Options:

🔸 Support SquadStrategy project 🔸 Don’t support the project

Rationale:

🔸1. Will create a thick sell wall for SquadNFT: NFT prices set will be fixed and won’t be changeable if bnb price increases.

🔸2. SquadSwap Treasury: Will increase the treasury as 1% token trades tax will be sent to treasury.

🔸3. $SQUAD token: Could have negative impact on the $SQUAD token price as both tokens will be seen as SquadNFT related tokens.

🔸4. SquadSwap Volume: The strategy token will be listed and traded on SquadSwap which will bring volume to SquadSwap.

🔸5. Exposure: Following this Meta that has worked on ETH might bring new eyes to SquadNFT & SquadSwap.

🔸 6. SquadNFT Floor: Floor will increase as NFTs will be swept off the floor.

Discussion Timeline:

14 hours for open discussion, feedback, and decision making.

Pros:

1. Might bring new eyes
2. Provide DEX volume
3. Treasury increase
4. SquadNFT floor increase

Cons:

1. $SQUAD token price might get affected
2. SquadNFT might get thick sell wall