Reduce Supply - CERULEAN

Summary

Reduce the supply of all remaining songs on CERULEAN.

Overview

CERULEAN is a 6-track project released in November.

1. CERULEAN (feat. angelbaby).
2. KYŪKETSUKI.
3. NYUMBANI.
4. GRAVITY.
5. DESPERADO No. 2.
6. LOST EN ROUTE.

Collectors of the full set are able to earn an EP Token (EPT) which grants a pro-rata share of 5% of primary and secondary sales.

Each song was originally released with a supply of 250 editions - or a total of 1500 editions across all 6 songs on the project.

This proposal looks to reduce the supply of all remaining songs on the project.

Motivation

CERULEAN currently holds the top 6 slots on the Sound Viral charts.

Despite this - there are still ~500 editions available for sale across every song aside from CERULEAN.

Reducing the supply will make the remaining songs more scarce, and reduce the number of potential set collectors - thus increasing the value of each EPT to existing holders.

Assuming the proposal passes - the remaining editions that will need to be sold will change from 504 editions to 190 editions at the time of writing.

Specification

Reduce the supply of the following songs from 250 editions to the following.

1. CERULEAN - 250 editions (unchanged)
2. DESPERADO No. 2 - 200 editions
3. NYUMBANI - 175 editions
4. KYŪKETSUKI - 175 editions
5. GRAVITY - 150 editions
6. LOST EN ROUTE - 150 editions

This will change the new total supply of CERULEAN from 1500 editions to 1100 editions.