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Tubby TurtlesTubby Turtlesby0x0690C9892e2DfbD6D7AE5c9601483100F0BBCa57tubbyturtles.eth

10% minting cost -> liquidity pool

Voting ended about 3 years agoSucceeded

For the first half of the turtles that have been minted half of the EWT received from 10% of the minting costs were used to buy SHL from the liquidity pool. Those bought SHL then were paired in the liquidity pool with the other half of the EWT. This created small buy pressure and small increase to the total liquidity amount.

All 2100 turtle were planned to be airdropped 1000 SHL as initially stated on the website. Later it was decided to only airdrop the current 811 minted turtles at that time. So there is still 1.289.000 SHL remaining from the tokens that were allocated for the airdrop. This proposal is to potentially use those tokens paired with the received EWT from 10% of the minting costs to not buy SHL anymore, but only to fully boost the increase in liquidity for SHL.

There are two options to choose from, mentioned are the (simplified) pros/cons: Option 1: Sell half EWT for SHL, then add to the EWT/SHL liquidity pool:

  • creates small buy pressure
  • creates small increase in liquidity
  • remaining airdrop SHL tokens will stay in a wallet until re-allocated later to any other plans Option 2: Pair the received EWT with remaining airdrop SHL token:
  • creates no buy pressure
  • creates big increase in liquidity
  • remaining airdrop SHL tokens will be used up for this plan

(This proposal is only about the "one-time" 10% from the minting costs, not the ongoing 2.5% from the secondary sales from any turtle. The 2.5% will remain to be used to buy SHL with half the amount to then add to the liquidity pool)

Off-Chain Vote

Half buy,half increase liquidity
200.74K VOTE83.8%
Full boost liquidity
38.87K VOTE16.2%
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Timeline

Jan 10, 2023Proposal created
Jan 10, 2023Proposal vote started
Jan 14, 2023Proposal vote ended
Oct 26, 2023Proposal updated