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The Council Session #001
Ended on 16.10.2022.
OPTIONS :
1️⃣ Each Legend gets an equal share of 0.02% adding up to 50% of the royalties. The other 50% will be kept in the treasury.
🟢 Unquestionably the fairest method. It can encourage even more activity among the lowest tiers of the collection.
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2️⃣ Each wallet gets a share based on the number of Legends it holds.
🟢 Similar to PoS voting, this option gives more power to the larger wallets. Dedicated supporters of the collection get a better reward than those who aren't as passionate.
🟡 Newcomers and those who can't afford a large number of assets may feel like whales are getting preferential treatment and get discouraged.
3️⃣ Majority of Legends get an equal share. Legends with specific traits receive a slightly bigger share.
4️⃣ Majority of Legends get an equal share. Legends with specific traits receive a significantly bigger share.
🟢 This can create a competitive market for certain traits which helps the collection overall. Similar to how laser eyes and astronauts almost always have high demand.
🟡 Similar to option 2, this can result in a small number of holders earning a giant portion of the royalties.
5️⃣ Each Legend gets an equal share. Expand the royalties from 50% to 90%. Treasury will receive only 10% of the royalties.
🟢 A higher rate of royalty redistribution can attract new investors. Bad Fox Motorcycle Club has the number set at 80%.
🟡 This can slow us down in regards of our long-term plans (i.e. establishing an esports team)
🏆 OUTCOME :
1️⃣ Each Legend gets an equal share of 0.02% adding up to 50% of the royalties. The other 50% will be kept in the treasury.
Last modified 2mo ago