This current period marks the second time we have distributed NFT rewards. We were allocated ~177k ALGO to distribute, and that has resulted in participating volume of ~568k ALGO. The current outcome marks a fantastic result for the program, For GP12 we are trying something totally new that is much…

Better idea this time! good work always innovating as the other marketplaces try and copy your original idea

better than last period. i am not completely sold on tickets as a luck approach means it could leave a bad taste to those who in some sense “should” have won the pot tho. i can see random people creating NFTs and selling them to friends to get tickets as now you can win by just selling some NFTs an…

I advocated for Rand to do this in the past so I like the idea. I didn’t like how they implemented it because their rules had weird hours and there was not a raffle leaderboard. Also the rewards were middling. I think overall the focus on secondary is more important ATM as we’ve had way to many dro…

The minimum sales volume is interesting, what would you set the threshold at?

thought about it more and i think any minimum is probably still easily gameable. think about a number and just do a shuffle with 1 NFT at that price… something like 5k is probably still better than nothing, but you should look at former rankings to determine how much volume might make the most sense…

GP12 NFT Rewards Proposal - ALGOxNFT

Governance Discussions Rewards Proposals

silvio_rules May 16, 2024, 6:44pm 8

i thnk the min should be lower than 1000, maybe 100, not everyone has a lot of algo t spend

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GP12 NFT Rewards Proposal - ALGOxNFT

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