Pre-Proposal - Establish Visions of Verico Second Sale Page and Pack Burn Mechanic
Pre-Proposal: Establish Visions of Verico Secondary Market DAO Pricing and Pack Burn Mechanic
Purpose
ANY REFERENCE TO NUMBERS ARE PLACEHOLDERS AS THIS PROPOSAL WILL NOT BE RAN UNTIL CLOSER TO THE VISIONS OF VERICO LIVE SALE END DATE AND A REMAINING PACK POOL IS IDENTIFIED.
The purpose of this proposal is to establish a path for the SPS DAO to sell Visions of Verico (VoV) Packs once the live sale has concluded. With the end of the live sale the SPS DAO has (?~200,000?) packs of VoV remaining and no vehicle to sell them. This proposal will establish a DAO Pack Reserve for future initiatives(ex. Chests/Bundles/Etc.), provide a secondary market opportunity for purchase of VoV cards, establishing a burn rate for packs to prevent dead stock in the DAO and provide value through scarcity.
Timing
Begin DAO Secondary Market sale of VoV packs on August 18th, 2026, in line with the start of VoV Alteration and Fortune Seeker Draws.
Establish Pack Reserve For Future DAO Initiatives
- Reserve ?500?(1% of live sale total) packs for DAO initiatives to be determine in the future
Examples of use:
- Seasonal/Limited Chests Rewards
- Event Rewards
- Content Creator Giveaway Pool - Set a deadline to distribute all DAO Initiative packs by Dec. 31st, 2027, at which point any remaining packs in DAO control will be burned.
- Reserve ?2000?(4% of live sale total) packs for DAO "Gift Boxes" style sale (Credit Only)
- Provides VoV packs for sale similar to Winter Fest/Summer Fun events.
- Requires "Gift Box" VoV pack value be set to $4.00 (matching final VoV Pack Pool on Secondary market) - Set a deadline to burn all DAO "Gift Boxes" packs that remain unsold on Dec. 31st, 2027, matching DAO Initiative packs above.
Example "Gift Box"(but not limited to):
- 5x VoV Packs ($20)
- Common Land Plot ($10)
- 10k DEC ($10)
= $35 Credit Purchase ($40 Value)
Pricing Structure
- Establish Escalating VoV Pack Pricing on the Secondary Market.
- Divide the remaining ?180,000? packs into 5 equal pools (36,000 each)
- List the first pool at $3.00 on the Secondary Market
- List the remaining 4 pools at $0.25 increments ($3.25, $3.50, $3.75, $4.00)
Establish VoV Pack Burn Rate
- Set timeline for Secondary Market pools to be burned
- Pools are burned at the end of each month until the end of 2026 based on the table below
Conclusion
The Visions of Verico packs destined for the DAO at the end of sale need some manner of disposal so they don't sit in DAO assets forever. This proposal provides a secondary market for purchase as we move towards Land Buildings being released and attempts to prevent overlap with future land card development.
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STOP500 packs reserved for prizes etc. 1% of current demand of Verico packs. Please make this edit.
Love this proposal, the only thing I'd change is the amount for "Future DAO Initiatives"...I'd say maybe 5k packs should suffice, less the better honestly. But this proposal will have my vote for sure!
After discussion here and with users in Discord the below has been updated for this pre-proposal:
Changed From
Establish Pack Reserve For Future DAO Initiatives
Reserve ?20,000? packs for DAO initiatives to be determine in the future
Examples of use:
Changed To
Establish Pack Reserve For Future DAO Initiatives
Reserve ?500?(1% of live sale total) packs for DAO initiatives to be determine in the future
Examples of use:
Set a deadline to distribute all DAO Initiative packs by Dec. 31st, 2027, at which point any remaining packs in DAO control will be burned.
Reserve ?2000?(4% of live sale total) packs for DAO "Gift Boxes" style sale (Credit Only)
Set a deadline to burn all DAO "Gift Boxes" packs that remain unsold on Dec. 31st, 2027, matching DAO Initiative packs above.
I would go to 4,500 Packs in the "Gift Box" reserve, so the total for the reserve is 5k Packs. If we are getting close to the $4 price point in those Gift Boxes, let's bump that number up a bit. We want the DAO to receive as much USD as possible from these packs.
I am not against this increase and it looks like you are thinking along the lines of nopeace4u in held packs. This would reduce the number of packs held in the Secondary Market Sale and ear mark the packs for sale at the highest pools price point in the future when we should have more information about Buildings on land and Foreman.