Vault Usage Strategy
Starboys to the moon
Last updated
Starboys to the moon
Last updated
The DAO’s vault usage strategy can always be freely proposed by the members and will operated based on the participation of the community. However, the idea of the Board, who would have the most interest in the project, is bound to be reflected a lot. Board will actively participate in the proposal and seek consent from the DAO members. Therefore, we would like to share the Board's thoughts on how StarCollector DAO should make use of its vault.
NFT trading volume is exploding day by day, and there are too many NFTs we would like to purchase. Prices of blue-chip NFTs have now risen to a level that is difficult for ordinary individuals to buy alone. The cumulative number of NFT trading wallets is still only 1.2 million (as of 2022.02), and the value of top-tier NFTs issued with limited numbers will inevitably become even more unique. With BAYC being created less than a year ago, the NFT market is still in its infancy and is sure to grow rapidly in the future. We have two strategies with this belief on the ground.
(1) Buy and HODL Blue-chip NFT
We will secure as many blue-chip NFTs, such as BAYC, MAYC, Clone X, Azuki, Doodles, CoolCat, mfer, etc., as possible. We are confident as more users buy and trade NFTs, the greater the value of blue-chip NFTs would be, given the limited number of amount produced. Owning blue-chip NFTs is a privilege for whales, and whales will become bigger and bigger with their precious blue-chip NFTs. We will become a NFT whale as one community, united.
(2) Share White List (WL) Opportunities
As many of you NFT buyers would know, the way to make maximum profits in NFT is to maximize returns by minting initially through WL. But you would also know it's very hard to win WL on your own. Many people who have not enough time and less talent for creating fan-arts are envious of those who win WL.
Many projects often provide WL rights to holders through collaboration with other projects. However, since not everyone can receive this WL right, only a few lucky holders usually benefit from a raffle. Our board has also participated countless times in raffles, which provides WL with blue-chip NFTs, but has suffered repeatedly falling pain. We will not only benefit from the WL rights that can be provided externally, but will also allow the community to mint them directly so that everyone can share the benefits with community-owned NFTs. Of course, when community funds are used for minting, we will do it with the consent of the DAO.
We are well aware that the solidarity and activeness of the community is the most important aspect of an NFT project. However, we also understand well that Floor Price (FP) is the basis of the community's solidarity. The Board and Working Group will do our best to retain the hype of Starboys NFT.
(Sources: fool.com, Dune Analytics)
