2025 Raffle proposal

Overview

The team alongside a contracted developer has come up with a new way to simultaneously reward holders , reduce frankenpunk supply and create buy pressure through the utilization of the funds from this proposal. The developer is currently working on the deployment of idea and it is planned to be done in January 2025 whereafter the idea will launch and holders will put their Frankenpunks to work.

Goals

Create a buzz and hype around the project again and bring in new members and reward people who have been loyal holders and took the opportunity to buy in while still cheap.

FrankenDAO Benefits

Utilise some of the treasury by giving back to holders and creating some hype and attention around the project again. Increasing the floor price of the collection through the raffle seasons which will run for 3 months and each season holders get tickets based on Frankenpunks held and additional for frankenpunks burnt which will incentivise sales and reduce listing's and create a large buy pressure due to the significant value of prizes aimed to be given out

Timeline

Funds to be used once the system is up and running and fully tested by the developer ( January 2025 )

Execution plan

Use the funds from this proposal to fund the prizes and all winnings which are given out during this activation which will all go back to holders

Budget and fund utilization

$30000 (+/-8eth) . Any unused funds by the end of the 3 month period will be either sent back to the Treasury or if this activation goes well , funding will be rolled into the new program going forward

What areas of the community does this touch?

Marketing, General

Proposed transactions

Transaction #1 FrankenDAO sends 8 $ETH to 0x38A7Bc76E5f02C8ABAAaC8Ccb23f9e52E3cEB45D