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SkvllpvnkzDAOSkvllpvnkzDAOby0x119b49A1C266c67656d098c320b697cC5Ce94C43taekwonkrypto.eth

DAO NFT Purchases

Voting ended about 4 years agoSucceeded

In an effort to shine light on the SkvllPvnks DAO as well as continue to bring long-term value to holders (i.e. - build NFT vault), this proposal aims to provide approval for the SkvllPvnks dev team to make "BlueChip" or "2nd Tier" NFT purchases on behalf of the DAO alongside conversations in the holder's channel (for approval).

This allows us to 'move fast' when a deal arises and, also, to make WETH offers to get deals.

At the time of this proposal the community wallet holds 26.5E and this proposal aims to spend between 12-18E investing in NFT's that we believe will hold value and appreciate over time, even if a pullback is coming, and can provide some positive marketing for SkvllPvnks.

Examples that have been discussed are:

  • Mutant Ape Yacht Club (6E)
  • 0N1 Force (1E)
  • Rumble Kong League (.8E)
  • Veefriends (8E)
  • Cool Cats (7.25E)

Others can be added during this purchase period as long as it is discussed in the holders channel.

A reasonable scenario here would be to convert 8E into WETH and make offers on MAYC flippers in profit, trying to catch one on the way down after this pump.

At the same time, it's also reasonable to simply buy one.

In the end, however, this proposal does not aim to structure a particular investment, but to APPROVE the DAO to make purchases 'when a good deal arises' and the vote to 'move on this' will be done in the #skvllpvnks-holders channel with a call out and a Discord Y/N vote on a post.

At the same time, it does empower the DevTeam to make purchases without DAO approval because the DAO trusts them that if the value proposition feels strong, then go for it.

An example of this was the Coinbase 0N1 announcement. At the time, the floor was .6 and it rocketed to 1.2 (and since pulled back to 1.05), so 'news' like this can be profitable (to flip) and would not require voting in the holder channel (too slow).

You can view discussion around this in the holders channel here: https://discord.com/channels/840964023406690314/886013958128037889/909152026250854462

Off-Chain Vote

Yes, pre-approve the NFT spend
867 93.9%
No, HODL the E
56 6.1%
Download mobile app to vote

Timeline

Nov 14, 2021Proposal created
Nov 14, 2021Proposal vote started
Nov 15, 2021Proposal vote ended
Jan 17, 2024Proposal updated