Buzzed Bear Hideout

Status: Proposal BIP-007 Author(s): CryptoChicca

Discussions-to: Refer ‘buzzers’ in discord, and Celebrate Halloween - Reward Loyalty & Bring In New Members - Proposals - Buzzed Bears (buzzedbearhideout.com)

Created: 11 October 2021

Implementation (optional): Commence 14 October 2021 if passes BIP. ‌

Buzzed Summary

Let us get our pumpkins out and celebrate Halloween! This draft proposal is made to reward the loyalty of Buzzed Bear holders and promote new growth into the Buzzed Bears Hideout.

Abstract ‌

This proposal will:

1. Purchase 1 floor bears for giveaway / promotion in the lead up and on Halloween (approx cost .05 Eth inc gas costs)
2. Purchase 5 floor bears for raffle to Buzzed Bear holders (approx cost .25 Eth inc gas costs)
3. Purchase 5 derivative art from SAURFENG for raffle to Buzzed Bear holders (approx cost .25 Eth)
4. Create Halloween theme art to overlay on Buzzed Bears using bot technology (similar to the suitmybear scenario) (no cost, thank you mesk85 and alexpanda already implemented!)

**NB - it is noted that the founders may have some bears set aside. If up to 6 bears can be allocated for this purpose, then the costs above will reduce. This proposal highlights the maximum anticipated cost.

Motivation ‌ This proposal seeks to reward loyal bears and also to promote the BBH brand to increase members for greater resource load spread and enhanced decentralization benefits.

Specification ‌ Overview ‌

This proposal will be implemented as follows:

1. 1 x floor bear giveaway on twitter to announce the launch of the Halloween campaign, approx 14 October 2021. Winner to be drawn on 31 October 2021.

2. Halloween Package raffle (1 x floor bear and 1 x derivative) to be raffled off with a raffle bot on 5 separate dates between 14 October and 31 October. All bear holders that are verified in discord and click the bot prior to the end of each raffle are eligible to enter. This encourages people to not only join the giveaway in item 1, but also to buy a bear and register in discord to be eligible for further raffles in this point. A bear holder may only win once, otherwise, reroll. This is about rewarding loyalty. These giveaways should be also promoted on twitter to encourage more bears into the hideout.

3. Art to be developed with a Halloween theme by Mesk85, so that it can be overlayed onto each Buzzed Bear. Alex Panda to work up the bot to enable this to occur. Complete - thank you both, and thank you bears for getting excited by this and getting our name out there.

Rationale ‌

The reasons for this proposal are:

1. Rewarding loyalty
2. Celebrating Halloween
3. Promoting the Buzzed Bear Hideout name
4. Reducing FUD through perceived inactivity
5. Raising the floor through getting the Buzzed Bear name out there and promoting wonder and excitement about the brand through the Halloween period and people purchasing bears to get into the Buzzed Bear Hideout community and ongoing raffles.
6. More growth means more revenue for Buzzed Bears because each sale provides a 5% royalty return to the honey pot.

Technical Specification ‌

We register the derivatives as a special buzzed bear Halloween collection, which are also available to trade on the open market. They would not form a vote in the DAO, but this is a nice acknowledgement to recipients and artist who is a bear member. Founding team to determine if they are listed on Ethereum or Polygon in the best interests of all bears. This should be done prior to awarding the raffle to the bear holders who win.

Test Cases ‌

I have seen very successful promotions with Wicked Bone Club. They listened to the community and created excitement through promotion and new initiative and the brand has substantially increased in value, benefiting all holders.

Copyright ‌

Copyright and related rights waived via CC0.