SP0042 - Proposal for "Purchases for Approved 5E" to Revitalize and Expand Marketing and Utility Opportunities for BOTB
Introduction As we venture forward to rejuvenate the Bulls on the Block (BOTB) community, a well-recognized OG NFT collection, we are considering leveraging the current market conditions to connect with vibrant NFT collector communities. This proposal delineates the potential purchases from selected projects that have shown substantial promise and are aligned with our re-engagement strategy.
Proposal Details Objective: To judiciously allocate a budget of 5E for acquiring assets from projects that have strong foundations and could facilitate vibrant collaborations, consequently enhancing BOTB’s visibility and engagement in the ecosystem.
Background: In light of the bear market conditions, this proposal seeks to re-engage communities with members who were active during the summer of 2021. Leveraging the lower prices, the plan is to connect with communities possessing a robust NFT collector base, thereby revitalizing BOTB’s presence and activity in the space.
Proposed Purchases: We propose the following purchases with the respective reference floor prices (note: actual purchase prices may vary):
Doodles: Reference Floor Price - 1.4E Otherdeed: Reference Floor Price - 0.60E Cool Cats: Reference Floor Price - 0.55E Azuki Elementals: Reference Floor Price - 0.40E Lil Pudgys: Reference Floor Price - 0.27E CyberKongz VX: Reference Floor Price - 0.12E
Benefits: This initiative aims to foster connections with communities boasting a robust NFT collector base. As an OG NFT collection, BOTB has a legacy to build upon. By rejuvenating these connections, we aspire to take advantage of the lower prices prevailing in the current bear market, thus providing an avenue to build relationships with likeminded communities.
Potential Risks and Mitigation: The primary risk associated with this venture is the prevailing bear market conditions, which might further depress asset prices. To mitigate this, we will undertake purchases ASAP, considering the floor prices and in consultation with Bullish Bear, who orchestrated this snapshot. Quick discussions on Discord will precede the execution of purchases to maintain transparency and incorporate community insights.
Implementation Plan: The selected assets will be acquired on an ASAP basis, adhering to the prevailing floor prices. The community, in consultation with Bullish Bear, will facilitate expedited discussions on Discord prior to finalizing and executing each purchase, ensuring that we act swiftly while maintaining a community-driven approach.
Discussion: Community members are encouraged to delve into the details available on Discord, engage in discussions, and voice any questions or concerns before voting. This iterative process will facilitate informed decision-making and foster community consensus.
Voting Options Yes: You support the proposed allocation for the purchases. No: You do not support the proposal. Abstain: You choose to abstain from voting on this proposal. Voting Period The community can cast their votes over a period of 72 hours from the time the proposal is posted, facilitating widespread participation.
Conclusion This proposal represents a strategic move towards revitalizing BOTB’s presence and fostering new alliances in the NFT ecosystem. We believe these careful acquisitions could serve as a catalyst for engagement with communities that have heritage to the Summer of 2021. Your active participation in this voting process is vital in guiding BOTB towards renewed growth and visibility.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
0x9C87...10c1B3 | 298 | Yes |
0x4599...f6eB91 | 224 | Yes |
0xE64E...08ADe5 | 188 | Yes |
0x8D74...2F3e13 | 166 | Yes |
0xE0Cf...76cB73 | 147 | Yes |
VOTE POWER
Proposal Status
- Wed September 13 2023, 12:57 amVoting Period Starts
- Sat September 16 2023, 12:57 amEnd Voting Period
Current Results
1-Yes
1,422
2-No
3
