Proposal #7

Proposal (Spending) 1,000,000 Loomi to acquire "God of Creepz"

Acquiring God title for Creep #9457 - the first creep ever purchased by the Creepz DAO. Spend 2k on first name 5k on last name as follows:

Name Creep #9457: "God of Creepz"

Title = God First Name = of Last Name = Creepz

Purchase to be made as soon as possible after approval.

As a community controlled Whale and the largest holder of genesis Creepz, we should make some waves.

Summary

• God title gives the Creepz DAO a clear leadership status and an in game flex.
• Naming our first Creep, #9547, “God of Creepz” celebrates the Creepz DAO and its history.
• God title has extraordinary promotional value.
• The proposal Burns 1,007,000 Loomi.

Pros:

1. Names will be used in all in game utility. This is stated in the in the Overlords announcement. While we are still in the dark with regard to specific utility, as the largest holder of Creepz, the Creepz DAO should strive to obtain the maximum utility across all assets.
2. Leadership – Spending 1M Loomi on “God” title is a vote of confidence in the Cold Blooded Creepz, the Founders, and the ecosystem. Further, it demonstrates our position as a leader in the Creepz community. This is important because we are the biggest holder of Genesis Creepz and we should project that through our actions.
3. Promotional value: The “God” title is prestigious and a way for the DAO to flex. When people see the DAO doing cool stuff they will be encouraged to participate. We can and should leverage this across the entire Creepz ecosystem and use it encourage membership in the DAO. We can use it to help drive sales of CreepzDAO NFTs.
4. Character Development - Storytelling is a huge driver of value in the Creepz ecosystem. As a DAO, we are part of the Creepz story but we also have our own story to tell. I believe that naming Creep 9457 “God of Creepz” is integral in telling this story. How will the “God of Creepz” interact with the Overlord? With the DAOverlord? Will these be friendly relationships or will they be contentious? Will he be a freedom fighter? A revolutionary? Will he attempt to establish a Democratic Republic of Creepz? Character development will bring long-term value to the Creepz ecosystem, to the Creepz DAO and to the CreepzDAO NFT.

Cons:

1. Opportunity costs in general – All Loomi spends will have an opportunity to cost. Creepz DAO is currently earning 156,200 Loomi per day, slightly over 1,000,000 Loomi per week. Spending 1,000,000 Loomi on a “God” tier name will not prevent the Creepz DAO from obtaining ID lizards or Creepz x Loveless NFTs.
2. Opportunity cost specific to ID Lizards – Bear in mind that we have no proposals on ID lizards currently, thus we have no coherent strategy or goals as a point of comparison. While it is true that spending Loomi on “God” title will reduce the balance available to spend on rarity, it will not prevent us from minting two ID lizards and investing into their traits. It just means we have 1,000,000 Loomi less to do it with (approximately 333 points at sacrifice temple).
3. Opportunity cost specific to Loveless Collab – We have not articulated any strategy or goals when it comes to the loveless collaboration. This makes cost/benefit analysis extremely tough. In the absence of pricing info and a Loveless mint strategy, the opportunity cost is speculative, but it does exist. Spending on “God” title might mean we don’t have the funds to mint at a 1:1 ratio but it won’t preclude us from minting Creepz x Loveless NFTs.