MutantCats DAO

PURCHASE PROPOSAL: NEO TOKYO

WHAT IS OUR AIM WITH THIS PURCHASE?

• Increase the value floor of MC.
• Long term gains through Neo Tokyo citizenship. (drops, mints, games, community)
• Access to The Citadell through an election process in the community. (A small multisig of 3 people will be voted individually)

WHEN?

• [23/11/2021] Now , this week we purchase before [28/11/2021] and elect as soon as the snapshots are finalized with the quorum needed.

Full Proposal in Notion: https://www.notion.so/mutants/NEO-TOKYO-PURCHASE-0232454f28db4f9c8adfcca2adf9e342 [Important to look for the election process of the representatives and new multisig wallet!]

What is Neo Tokyo? https://www.youtube.com/watch?v=qMSma83h1LY

Masterminded by @zssbecker and @elliotrades a free NFT collection you could mint by solving riddles. The community was tightly formed through these games. If you couldn’t mint you had to buy in. Their goal is to shake out paperhands and create a community of diamond handed people ready to be first movers in crypto and NFT investing, building and supporting the crypto gaming and metaverse community. The creators refer to NT as the illuminati of crypto gaming. The community is building its own structure at the moment, forming alpha funnel processes, newsletters, creating web apps, merch, you name it. Not much is known about how everything will work after “upload”, the ominous date where all the 4 NFTs will combine to create one genesis citizen, but there will probably be a staking mechanism that will be linked to citadel investments, like an index fund and launchpad and various metaverse applications which NT citizens will get first dibs on. (For now we know there was a large land purchase for the citizens forming one of the largest guilds in bigtime.gg but we assume involvement with Superfarm through Ellio and it has been hinted that “many face melting co-ops” with known metaverses are in the pipeline coming in the next weeks. General thought is to create passive yield from owning large parts of the metaverse as a community, through investment and involvement and diamond handing early projects deemed worthy by the community.

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Option 1 - Medium Tier Set A mid tier set will prioritize medium rare items keeping the cost minimal but still achieving at least medium yield, thinking a floor ID with low yield will not achieve our passive yield goals we didn’t include a totally floor option. Adding a floor item cache and floor land since those presumably don’t contribute to passive yield (could change). This set also does not contain withdrawable $bytes tokens.

• Total Cost at this time: 41,15 ETH

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Option 2 - Balanced Tier Set A balanced set is high yield on character and vault, otherwise floor items and land, disregarding elite ranking and unopened vault / $bytes tokens.

• Total Cost at this time: 90,18 ETH

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Option 3 - High Tier Set A high tier set will maximize yield, be of average rarity < 500 and preferably get an unopened vault for the bytes tokens. (It is said they are needed for upload, there have been hints at a burn mechanism)

• Total Cost at this time: 107,25 ETH

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Option 4 - Abstain We decide not to buy neo tokyo and wait for upload day to commence and then propose anew.