[ESP1]Proposal for different options for the remaining unminted Electric Sheep NFT

TL;DR

After the 18 hours mint duration and 72 hours refund. A total supply of 3,048 Electric Sheep NFT is unminted in the Genesis Round Mint with 467 Electric Sheep NFT being refunded. The total amount of Electric Sheep NFT that is yet unminted will conclude at 3,515 Electric Sheep NFT.

The team is glad to announce the first proposal of Electric Sheep NFT. The DAO will be selecting 6 options on how the remaining NFT will be dealt with.

Detailed Information

Firstly, the team would like to thank everyone for being here and we are so glad for the strong support that you have shown.❤️

With the remaining 3,515 Electric Sheep NFT, 6 suggestions were picked from the community suggestions channel. These options are stated as below:

Option 1. Airdrop to all Electric Sheep NFT holders via a raffle

Run a fair raffle with each Electric Sheep NFT representing 1 raffle entry and the remaining NFTs will be airdropped to these winners.

Option 2. Burning all the remaining Electric Sheep NFT

The Team will burn the 3,515 remaining Electric Sheep NFT. This means that there will be 3,515 lesser people being able to be involved in the project fully and be part of the Electric Sheep Family. This also means we get to see less of the artwork of Electric Sheep NFT.

Option 3. Burn 90% and leave 10% as project treasury for growth

Burning 90% of the remaining Electric Sheep NFT and vaulting 10% as project treasury. The total count of 3,163 Electric Sheep NFT will be burned and the remaining 352 Electric Sheep NFT will be vaulted into the project treasury. The different use case of the treasury is listed at the bottom of this proposal.

Option 4. Change the collection size to a total supply of 7,000 Electric Sheep NFT and burn the remaining 3000 Electric Sheep NFT

This proposal was considered that it would be better to have a rounded-up number. The total count of 515 Electric Sheep NFTs will be vaulted into the project treasury and the remaining 3,000 Electric Sheep NFTs will be burned. Thus, a total supply of 7,000 Electric Sheep NFT will be left. The different use case of the treasury is listed at the bottom of this proposal.

Option 5. Change the collection size to a total supply of 7,777 Electric Sheep NFT and burn the remaining 2,223 Electric Sheep NFT

This proposal was considered that it would be better to have a cool number. The total count of 1,292 Electric Sheep NFTs will be vaulted into the project treasury and the remaining 2,223 Electric Sheep NFTs will be burned. Thus, a total supply of 7,777 Electric Sheep NFT will be left. The different use case of the treasury is listed at the bottom of this proposal.

Option 6. Secure the remaining Electric Sheep NFT for growth

A total of 3,515 remaining NFTs will be vaulted into the project treasury. The total supply will remain at 10,000 Electric Sheep NFT and the future community rewards will be relatively more. Also, we could see the complete artwork of the whole Electric Sheep NFT collection. The different use case of the treasury is listed at the bottom.

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Project Treasury Vault

The project treasury will be used for future marketing campaigns and community rewards, including but not limited to:

• Use for collaborations and partnerships
  (To secure future benefits for all Electric Sheep DAO members)
• Use for marketing campaigns
  (Marketing for exposure of Electric Sheep)
• Use as rewards for active community members and contributors
  (To reward active participants in the projects or contributors)
• Use as prizes for in-game competitions
  (Encourage participation for gameplay and engagement)
• Use as rewards that could be obtained with soul
  (Staking and to reward holders)