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Wall Street ChadsWall Street Chadsby0x104DEa01de4A993797444CC2c4619D48E76E0446tenc84.savedsouls.eth

Idea: NFT trading group (Rapid Response Force)

Voting ended almost 3 years agoSucceeded

Hello everyone!

I already wrote my idea in the hq-general channel but got not really much reaction. This time as a "proposal idea": create a nft trading group. Almost in the same setting as the trader chads group.

Reason:

There are again many opportunities to buy or flip NFTs that will increase their price. I've set up my twitter account with many nft influencers (mostly BAYC or MAYC holder but also Azuki and others) "Influencers" is maybe a false term but they really know from what they talk. Also with the new Opensea https://pro.opensea.io/ it's much easier to check and analyze nfts and their development. We could also work with Blur or looksrare and all the other platforms that exist. This could be discussed later.

Core idea:

I want to build a group of people from WSC that are fast and agile when there's a new potential "hot" NFT on the market. I don't want to create a new "HODL" NFT group. The nfts we will buy, we will hold at maximum for like 3 to 4 months. Because I think everyone has seen that the price goes with the hype. When there's hype the floor price goes up. When the hype is over the floor price is decreasing faster than a feather in the vacuum room ;) I don't believe there will be many NFTs with the same development as BAYC or MAYC (those were the first mover).

As an example: my goal is more to buy at 0.1 or 0.2 ETH some nfts and sell them when they reach like 1 ETH or 1.5ETH. I don't want to hodl for a lifetime or stake some shitty jpgs to get rewards! This is really just for flipping nfts when they are still hot!

=> Big investments in nfts should be executed through a proposal. But for "little" investments or buys this group would be perfect. We dont need to write for every nft a proposal. The group would be free to execute buys and sells whenever they think now its time to buy or sell.

That's my core idea of the "nft trading group". It would be great if we could find some people from the EU, some from the US and maybe some Asians? So we would be attentive almost 24h/7days.

Best example: I read last week on twitter from a BAYC holder that Beanz (https://opensea.io/collection/beanzofficial) created by the Azuki group was released. The floor price to buy one second hand was 0.4 to 0.5 ETH. At the time of writing this proposal the floor price is now 1.7ETH! => 3x gain That would have been a short flip (holding the nft only one week) Always remember yourself dont get too greedy ;)

If the idea will be accepted, the next steps would be:

  • Discuss who wants to be in this group
  • Define up to which price a nfts is a "small" investment and therefore executed by this group without a writing a proposal
  • Define from which price a nft is a "big" investment and someone or this group should write a proposal to vote on the buy or sell.
  • How much ETH we would allocate for this group

I could imagine we could create a new channel (access to holders of WSC only) where we could discuss and share some hot nft ideas. Also other WSC holders could copy our nft buys and we could also write when we sell so that all WSC members have the chance to follow our group.

That was my idea! Let's discuss it in discord ;)

Please vote only "For" or "Against". Thanks!

Kind regards, tenc84

Off-Chain Vote

For
5 WSC62.5%
Against
0 WSC0%
Abstain
3 WSC37.5%
Download mobile app to vote

Timeline

Apr 18, 2023Proposal created
Apr 18, 2023Proposal vote started
Apr 25, 2023Proposal vote ended
Jan 17, 2024Proposal updated