Proposal Discussion Channel: https://discord.com/channels/584743270828081152/970088356946010142
Proposal Champion: Leonidas
Proposal Stakeholder: Leonidas
Overview: Sell 20 CryptoSkulls with unclaimed Demonic Blood on the secondary market to start diversifying The Crypt with more liquid assets that we can then use to fund future proposals. The Crypt is currently made up of only CryptoSkulls with unclaimed Demonic Blood. It is best practice to slowly diversify any portfolio into multiple assets to help mitigate risk.
Funding Transparency: The 20 skulls will be sent to a new hardware wallet managed by Leonidas that will never be used for anything other than CryptoSkulls DAO. This wallet is meant to be an extension of The Crypt and all assets held in it are owned by CryptoSkulls DAO. It is neither practical nor secure to perform complex proposal executions through a multisig wallet such as The Crypt and for this reason an external wallet is needed. All proceeds from the sale of the 20 CryptoSkulls will be converted into USDC and sent back into The Crypt upon all 20 being sold.
Additional Details: At the time of listing, the CryptoSkulls must be priced at at least 10% above the floor price on OpenSea.
Timeline: Targeting a 10-day sell window however may go over or under this number. Leonidas will use his discretion during these 10 days on how to proceed in an attempt to have a minimal effect on the CryptoSkulls floor price which may result in going over 10 days. 10 days is just the target. Some days 5 skulls might be sold and others zero.
Team Experience: Leonidas sits on the Skull Council and has been buying and selling NFTs for over 4 years.
Funding Request: A. Total Requested: 20 floor CryptoSkulls with unclaimed Demonic Blood B. Initial Amount: 20 floor CryptoSkulls with unclaimed Demonic Blood C. Completion Amount: None
Receiver: Leonidas managed proposal execution wallet 0x3318339Ab931D30dCc5e70b112a6330eCC060085