Should pBTC-on-BSC-v1 be accepted as a payment method for the Early-bird NFT Sale on BSC?
Summary: The pNetwork-powered NFT Sale on BSC (Phase 1) is planned to open with an Early-bird NFT Sale that offers 2,500 NFTs to the public (out of the 5,000 NFTs total to be sold on BSC). While the Early-bird sale is open for everyone, this proposal brings forward the possibility for pBTC-on-BSC holders to participate and access the NFTs batch with their pBTC-on-BSC-v1 tokens (the ones affected by September’s pNetwork hack).
If accepted, this proposal would enable pBTC-on-BSC holders to get the NFTs (up to 2,500 NFTs, no maximum limit per single address, no anti-sniping restriction applied) at the Sale price of $ 920 per NFT paying with their pBTC-on-BSC.
If rejected, the Early-bird NFT Sale would be open for BNB payments only.
Motivation: It is in the shared interest of the project to have a growing and engaged community. The NFT Pre-sale (3,000 NFTs) sold out in seconds, showing interest among pBTC-on-BSC holders for the pNetwork-powered NFT Collection. For this reason, this proposal brings forward the possibility for pBTC-on-BSC holders to access the NFT Collection using their pBTC-on-BSC tokens directly.
Specification: The Early-bird NFTs Sale is currently planned to accept BNB payments only. Because of the support received from pBTC-on-BSC holders during the NFT Pre-sale, this proposal is aimed at giving these individuals the opportunity to participate in the Early-bird NFT Sale on BSC directly with pBTC-on-BSC.
If approved, this proposal would enable pBTC-on-BSC holders to participate with no limits and no anti-sniping rules in the Early-bird NFT Sale. The Early-bird sale offers 2,500 NFTs out of the 10,000 NFTs total within the collection. 3,000 of these were sold out in the NFT Pre-sale, 5,000 of these are to be sold on BSC at a fixed price of $ 920 each and 2,000 of these are to be sold on Ethereum/Ethereum L2 via an auction starting at $ 920 each.
The NFT Collection is underpinned by 4 elements, 2 of which are still unrevealed and are planned to be revealed after the Early-bird sale therefore giving Early-bird participants the opportunity to access the Yolo ecosystem ahead of time.
The creation and launch of a pNetwork NFT Collection is aimed at generating additional value for pBTC-on-BSC holders affected by a recent hack. If approved, this proposal would collect part of the proceeds from the NFT Sale in pBTC-on-BSC that would be burned to reduce the overall pBTC-on-BSC circulating supply. Such an approach differs slightly from the currently approved compensation plan (yet it would lead to the same overall reimbursement size while with minor timing/distribution differences - given it is completely opt-in, if this vote was to pass any pBTC-on-BSC holder would be able to get a full reimbursement for as many pBTC-on-BSC as they want, in the form of NFTs priced at $920, assuming their decide to join the Early-bird NFT presale and assuming they agree with the $920 price. If they don’t join it, no further action is needed), details as follows:
- the current compensation plan is designed to recoup value from the NFT Sale (Phase 1 on BSC) entirely in USD-stablecoin to be distributed to pBTC-on-BSC holders (coming from the NFTs sold in BNB);
- this proposal proposes a change in the plan that would enable pBTC-on-BSC holders to purchase the NFTs directly in pBTC-on-BSC. This would mean recouping value from the NFT Sale (Phase 1 on BSC) partially in USD-stablecoin to be distributed to pBTC-on-BSC holders (coming from the NFTs sold in BNB) and partially in burned pBTC-on-BSC (coming from the NFTs sold in pBTC-on-BSC, similarly to what happened for the NFT Pre-sale).
Because of the nature of the proposal, this vote is open for pBTC-on-BSC holders only and requires a 50% quorum to be approved.
Vote is now open on Snapshot BSC: Snapshot