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DecentralandDecentralandby0x5E23D08324f017d5425e59A2782C9ae27aCE09580x5E23…0958

Would you support a proposal to allow fractional MANA sales in the secondary market?

Voting ended almost 4 years agoSucceeded

by 0x6a77883ed4e65a1df591fda2f5252fd7c548f198 (Fancy)

The option to price your wearables for fractional MANA does not currently exist on the Marketplace UI, however the smart contract already allows for it. Would you be in support of updating the Marketplace UI to allow for fractional MANA pricing?

Rational

*There are over 150 items in the primary market which are listed below 1 MANA. This eliminates a reasonable resale market.

*The small group that already appears to be pricing for fractional mana are mostly item farming accounts/bots.

*By opening up the secondary market to lower valued items, it will increase the interest and accessibility to the market. New users could save for higher valued or more desirable items without having to spend fiat to participate. Many people cannot afford to purchase MANA, but almost everyone has items they have been given through events or content creator giveaways.

*This could potentially SAVE the DAO in matic gas fees by reducing the number of junk listings which never sell, and get relisted by the thousands on a daily basis. By establishing an actual value, less valuable items may find their way to the end consumer or long term investor faster.

I previously submitted a similar proposal, but didn't take it seriously or put much effort into it. You can read that here: https://governance.decentraland.org/proposal/?id=40bb3970-93dd-11ec-831d-95af4f79cd2a

If this poll passes the approval threshold, I will open a forum post to discuss concerns and any other type of feedback to make sure this is something everyone approves of. Thanks for your time!

  • Yes
  • No
  • Invalid question/options

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Off-Chain Vote

Yes
4.41M VP99.9%
No
2.37K VP0.1%
Invalid question/options
0 VP0%
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Timeline

Apr 11, 2022Proposal created
Apr 11, 2022Proposal vote started
Apr 16, 2022Proposal vote ended
Oct 26, 2023Proposal updated