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Tubby TurtlesTubby Turtlesby0x8569Fc9CCeEC5b680250b16667E9916d93Dd3C940x8569…3C94

change turtle minting costs

Voting ended almost 3 years agoSucceeded

Increasing the minting costs for the turtles can have several positive outcomes, especially cus a portion of those costs is being used to support teamsea. By gradually increasing the minting costs, the more funds can be generated for donations to not only teamsea but also towards more liquidity for shl.

An increase in minting costs could ensure that the collection remains exclusive and desirable. By gradually increasing the minting costs, the tubbies can maintain its rarity and exclusivity, leading to higher prices and more interest from buyers. It is also beneficial for people already holding turtles.

Also, increasing the minting costs can lead to more funds being generated for teamsea and shl token liquidity. With 10% of the minting costs going towards the purchase of a token like SHL and another 10% going towards teamsea, increasing the overall amount of minting costs can lead to more funds being generated for these purposes.

By gradually increasing the costs, the collection can generate more funds and maintain its exclusivity and I don’t think it will price out potential buyers since ewt price is low anyways. New propsed minting costs that will get unlocked after the following turtles ids have been minted. After 1500: 3.5 ewt After 1600: 3.75 ewt After 1700: 4.0 ewt After 1800: 4.25 ewt After 1900: 4.5 ewt After 2000: 4.75 ewt

Off-Chain Vote

Yes
12.48M VOTE91.3%
No
1.18M VOTE8.7%
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Timeline

Apr 04, 2023Proposal created
Apr 04, 2023Proposal vote started
Apr 10, 2023Proposal vote ended
Oct 26, 2023Proposal updated