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Wall Street ChadsWall Street Chadsby0xF850179289F0b6347244F80fC9D0c37Ed00d8d960xF850…8d96

Invest 1 ETH - Dollar Store Kids

Voting ended over 3 years agoSucceeded

Dollar Store Kids NFT minted on 1 September and has already seen 88 ETH in volume. https://dollarstorekids.io/

This NFT is the first NFT of its kind as is has embedded value within the NFT. Each Dollar Store Kid NFT has been embedded with $1 USDC of value. Each of these NFTs are not only worth the utility of holding a Dollar Store Kid, but also pegged to a single dollar. At any time, a Dollar Store Kid can be redeemed for $1 USDC. If a Dollar Store Kid is redeemed, the user is given back $1 USDC, and the total amount of Dollar Store Kids in circulation is permanently decreased by 1.

I understand that obviously the redeemable amount is not much but the concept of composable NFT's certainly interesting and has seen a lot of activity from whales. The NFT has been founded by https://twitter.com/0xFiftySix who is the co-founder and CEO of CapsuleNFT.

At time of writing, floor price is 0.05 ETH and I suggest to purchase 1 ETH worth (as many whales are currently doing). The art will be revealed on 9th September so purchase should be made beforehand.

50% of purchased NFTs should be sold when 0.1 or 100% increase in floor 30% of purchased NFTs should be sold when 0.2 or 300% increase in floor Remaining 20% (should be most rare) should be held as part of long-term investments and should be sold at a minimum of 1ETH

Off-Chain Vote

For
76 WSC39.8%
Against
101 WSC52.9%
Abstain
14 WSC7.3%
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Timeline

Sep 04, 2022Proposal created
Sep 04, 2022Proposal vote started
Sep 11, 2022Proposal vote ended
Oct 26, 2023Proposal updated