Lower royalties and allocate fixed amounts towards loyalty items and events.

Introduction: We stand at a pivotal moment to catalyze our collective growth and recognizing the importance of adapting to our community's evolving needs, we propose a strategic adjustment to our royalty structure. This adjustment aims not only to reduce trading fees but also to directly invest in activities that enrich our community's experience and cohesion.

Objectives: Lower Trading Fees: Reduce barriers to trading within our community by decreasing royalties from 7.5% to 5%. Bolster Community Engagement: Directly invest in the community through the loyalty store and exclusive events. Enrich Community Experiences: Foster memorable, real-world connections through IRL events. Sustain and Grow Our Community: Maintain a balance between immediate benefits and long-term community development.

Proposal Details:

Royalty Adjustment: Immediate Reduction: Lower royalties to 5% across our collections, facilitating more accessible trading and dynamic market activity.

Strategic Allocation of Royalties: Loyalty Store (25%): Enhance our loyalty store with digital items, exclusive merch, signed collectibles, and experiences like attending the X Games or other significant events. IRL Events (25%): Allocate funds to support and expand our IRL events, including the Shredfest snowboard event in California, the Lisbon surf event, and the Innsbruck pop-up party, among others planned for this year. Community Treasury (50%): Continue supporting a broad range of community initiatives, including athlete sponsorships and charity projects, through the community treasury.

Benefits:

Increasing Trading Activity: Lower fees are expected to stimulate trading and collection engagement. Enhancing Member Benefits: The loyalty store and IRL events offer direct value and unique experiences to our members. Strengthening Community Ties: Events and experiences foster stronger connections and memorable moments among members. Supporting Sustainable Growth: A balanced approach to royalty allocation ensures long-term viability and community development.

Implementation Plan:

Upon approval, the changes will be implemented immediately, with the royalty adjustment taking effect across our collections. Each month, we will transparently allocate the specified percentages of royalties to separate wallets designated for the loyalty store, IRL events, and the community treasury, ensuring clarity and purposeful use of funds.

Feedback and Voting: We invite all community members to share their thoughts and feedback on this proposal in our Discord's proposal section. Following discussion, we will move to a formal vote using Snapshot.org, adhering to our commitment to democratic and community-driven decision-making.

Timeline: The proposed changes will be enacted immediately following a successful vote, with the new royalty distribution starting from the next monthly cycle.

Closing Thoughts: As Shredding Sassy continues to evolve, it's crucial that our practices reflect both our community's aspirations and the dynamic nature of the NFT landscape. This proposal represents a step forward in our journey, offering a balanced approach to reducing trading fees, enhancing member engagement, and ensuring our community's vibrant future.

We look forward to your feedback and participation in shaping the next chapter of Shredding Sassy.