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ReidarReidarby0x17B9c8863b3bD8D5Fdb9497378fD0cDa29C15AE1redvulkan.eth

Buy 3 $ETH worth of Pixel Vault Mint Pass 2s

Voting ended almost 4 years agoSucceeded

Proposal 059: Buy 3 $ETH worth of Pixel Vault Mint Pass 2s

Asset: Pixel Vault Mint Pass 2s

Total Price: 3 $ETH worth

When: Upon the passing of this proposal

Why: Rumors are starting to heat up about sidekick minting possibly starting soon. On top of that, Rusty on Twitter found a potential Easter Egg of the minting starting on 4/28. Regardless of the rumors, the Mint Pass 2s should be a solid play due to their deflationary nature. People tend to wait for news to drop until they start buying up an asset. While no concrete news has dropped on sidekicks yet, once it does I believe there is going to be a scramble to buy more. I anticipate the number of sidekicks needed to reach level 7 is higher than some are anticipating, further driving demand.

There are also many ways we can play this, giving us some flexibility. We can use them to burn and generate our own relatively high-level sidekick or sell them later on as others look to buy.

Bear Case: Entire NFT bear market, PV announces lower than expected number of MP2s needed for max-level sidekick leading to less demand, liquidity drain on the market from upcoming Otherside land and Moonbirds projects (although I think most people have already set aside their ETH for these projects)

Off-Chain Vote

For
133 RDR16.1%
Against
575 RDR69.8%
Abstain
116 RDR14.1%
Quorum:132%
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Timeline

Apr 15, 2022Proposal created
Apr 15, 2022Proposal vote started
Apr 16, 2022Proposal vote ended
Apr 09, 2024Proposal updated