Purpose:
To create a new NFT Marketplace, DeFi project concept, and native token ($TRESR) that is layered on top of the pre-existing SmarterCoin token, bringing a new project concept to the SmartCoin Diamond Tier community.
Outline:
A [YES] vote means we will immediately begin development on a new project concept that utilizes the $SMRTR token while creating a new native token for use in an NFT DeFi loop, raffle marketplace, and growing cross-chain ecosystem per the GitBook presentation at smarterdao.com.
A [NO] vote means we will delay Project X and create a new call for project submissions to be voted on over the next 30-60 days.
This project will be led and project managed by Community Liaison, Jon Ray, and his team with a proposal governance system in place for community input and voting.
A [YES] vote will:
- Confirm the high-level plan as outlined in each section of the litepaper at smarterdao.com
- Create a new project concept and native token ($TRESR), while bringing new utility to $SMRTR
- Confirm & approve a loose 180-day development plan
- Confirm a Project Lead, early development team, and UX design team for building out roadmap
- Confirm that all Diamond Tier wallets at smarterswap.xyz have ability to claim a pre-mint allocation in the community-driven project relational to Diamond Tier status and Dec 17th JLP Balance (allocation & tokenomics to be determined after vote and consultation with tokenomics expert)
- Confirm JADE seed slug allocation and funding parameters
- Confirm a governance structure for future community proposals and voting
A [YES] vote confirms using the following as our DeFi loop assets:
- $SMRTR (burn token)
- $TRESR (native rewards token)
- NFKey
- Treasure Box Game
- NFT Marketplace
- Raffle Swap
Pros:
- Bring utility back to the $SMRTR ecosystem
- Create innovative new use case and tokenomics
- Diamond Tiers can claim a pre-mint allocation in new project
- Diamond Tiers have governance in project direction
- A competent development team and project plan are all lined up and ready to start immediately upon a [YES] vote
- Large community can help make early protocol successful and create strong foundation for additional features down the line
- If we succeed, it will be a true "Phoenix from the Ashes" moment, and we'll have done it together, as a community
Cons:
- Launching a new project is potentially risky and could fail;
- It will require the community to band together and provide constructive feedback via proposals, beta testing, and support, while combatting public fear, uncertainty, and doubt until the project has proven itself as stable and growing
- Contentious nature of some rogue aspects of community means we're starting from an emotional deficit that we'll have to overcome with competent work, transparency, education, and innovation
- There are still many unknowns and development problems to address that will require we compile the right team and give them the space and resources required to get it right
This vote is only for those with a Diamond Tier at smarterswap.xyz. Voting power will be based on formula listed in Early Governance section at smarterdao.com.
Vote 1: Proceed with NFT DeFi Marketplace utilizing $SMRTR token via burn mechanism and create a new native token ($TRESR) as outlined at smarterdao.com.