GrailersDAO

Authors: #grailers-cafe and #prop11-final-mint-before-12-9 participants . Typed up by @mathewzilla

Vote #2 - Pricing

Goals:

• Raise enough eth to purchase 2/4 more Incomplete Control mints (8 total or 10 total)
• Raise funds in a timely manner to allow multisigs to commence acquiring IC mints before the option claiming window closes on 19th November.
• Price mints to satisfy three goals: reflect price discovery from previous auctions; allow quick sale; not punish previous DAO entrants through over-dilution of tokens

Parameters of a snapshot vote:

• Vote 1: Total eth to raise: ~300 eth (4 ICs) vs ~150eth (2 ICs) vs 0eth (no more ICs)
• Vote 2: Price - Ranked preference voting 1.8eth (166/84 mints) vs 2eth (150/75 mints) vs 2.25 (136/68 mints) vs 2.5 eth (120/60 mints)

Further details:

• Totals to raise do not reflect eth already in the treasury to allow headroom for operations (cost of pre-minting NFTs, covering gas etc)
• Timing: Within 24 hours of auction close - Wednesday 17th November
• Raise allows multisigs to use judgement in deal making (to purchase 1 or 3 or 5 ICs depending on market and available funds)
• Makes no change to already planned auctions ending Tues 16th November