ORIGINAL PROPOSAL
• Buy two WomenRise NFTs at floor, sell 1 at 100% profit to recoup total cost basis and sell the other for 1 ETH, total profit of 1ETH.
CURRENT STATUS
• Total cost of both NFTs was .653 including gas. Royalties are 7% and OpenSea charges 2.5% so in order to recoup, after costs .653, we needed to sell our first WR NFT at .722. We sold for .87 and netted .78735 which means we are profitable by .13435 ETH on the ENTIRE investment, even if the second NFT goes to ZERO.
NEXT STEPS
• The original proposal suggested selling for 1 ETH. If we did that, we’d net .905 ETH and total profit would be 1.03935 ETH. Nearly in line with the original proposal.
POTENTIAL DEVIATION AND VOTING OPTIONS
• Given the quick success of the investment and the fact that we have a guaranteed profit even if the second NFT goes to zero, it seems logical to let this second NFT ride a bit longer. I am proposing a second vote with two choices....
Voting "SELL" would signal you prefer to sell based on the original proposal for 1ETH or floor if higher at the time of listing.
Voting "HODL" would signal you prefer to deviate and HODL. We will have this same discussion again in 2 months from now on April 1st, or when the Floor hits 3 ETH - whichever comes sooner.
NOTE - A 67% SUPER MAJORITY IS NEEDED TO CHANGE THE DIRECTION OF THIS PROPOSAL FROM IT'S ORIGINAL PARAMETERS
REASONS TO VOTE "SELL" FROM LEGWEAK (ORIGINAL PROPOSER)
• I think there is something to be said about not re-opening an investment from the DAO after it has reached a consensus vote. • We could use this as a learning opportunity to be clearer in our proposals and set better parameters that encompass more possible outcomes. • I am afraid that some people that voted for the original proposal will not vote in the follow-up.
At the end of the day, I look at blockchain and DAOs as being transparent, and permanent, unwavering ledgers. In this case, we would be editing a previously voted on proposal and that would cause token holders and participants to lose faith in our mission.
REASONS TO VOTE "HODL" FROM LEGWEAK (ORIGINAL PROPOSER)
• We’re in the green. We’re chads. We’re trying to go toDAOmoon, right? We are profitable off that one sale, even if the second NFT goes to zero, so why not try to maximize profits? • The artist is speaking at VeeCon (May '22) and that could be even more rocket fuel for this already thin floor. • The diversity movement in NFTs is real and this project has a very wholesome message behind it. The most notable, similar project is World Of Women which currently has a floor of 8 ETH. Others like Crypto.Chicks (2ETH Floor) and Boss Beauties (3.2ETH Floor) have also shown that good art and a good message can be successful • Market conditions can change quickly and I think it would be prudent to give this more time given the fact we are in the green no matter what.
"My vote will be placed on "HODL" and re-evaluating at 3ETH or in 2 month, whichever comes first." ~Legweak