Apply decide.fateofwagdie voting value to a Token of Concord (ToC) made by the WAGDIE Artist Guild.
MOTIVATION
To reward holders of the official community art collection.
RATIONALE
We fully understand the perspective that art itself is utility enough. However, weβd like to provide supporters of WAG with this small perk that imbues art pieces with sustainability and impact in the grander WAGDIE project.
IMPLEMENTATION
This is a major point of discussion. WAG has come up with two options:
Option 1: If you hold a piece of The WAG Collection, you will be able to receive a WAG ToC.
Option 2: If you hold a piece of The WAG Collection you will be able to enter a raffle with (# of WAG artists x 2) winners selected to receive a WAG ToC.
COMMUNITY PRESENTED: Option 3: There will be no WAG ToC. Instead, original pieces of The WAG Collection themselves will be allowed voting value.
SPECIFICATIONS
We are not tied to the idea of having the WAG specifically minted into the Tokens of Concord contract if there are other efficient means of integrating voting values to airdrops from another contract.
The assigned voting value of the WAG ToC is open to discussion as well. There has been ongoing dialogue on shifting the potency of certain ToCs and we are open to the WAG ToC launching with an assigned value deemed appropriate.
TIMELINE
TBD
OVERALL COST
-Minting and transfer fees of ToCs (WAG expense or WAG to reimburse).
SUMMARY
To thank supporters of the WAGDIE Artist Guild, we want to provide them with a small perk for holding pieces. We invite the pilgrims of the Forsaken Lands to express their thoughts on the matter.
Will this happen only once or will it happen with every collection released by the guild? In the first case it seems very good to me but in the second I think it could dilute the power of the ToC
I really donβt like the idea of creating ToCs for the vote as outlined in either option.
Would rather see the WAG pieces themselves used in the voting process.
Itβd be cleaner, less able to be gamed, and adds direct value to the pieces.
Creating / distributing a ToC decouples the voting value and the art value in a way that someone could sell off one portion without losing the other, and they really should be retained together.
I second the idea of allowing WAG artist pieces to be used as voting power. Itβs a minor lift, I doubt many will argue against WAG getting voting power and it doesnβt detract from value of ToC or WAGDIE.
It was this nuance that refrained me from even considering this option; the raffle system I felt addressed that by concretely limiting the number of incoming votes from WAG.
Both Option 1 and 2 still suffer from the same problem, though.
Editions are cheaper and consist of the same airdrop potential / raffle entries (unless you scale vs price). Itβs messy when you consider the inconsistent pricing and supply of WAG pieces and, while fine to just live with as part of the S1 release newness imperfections, it will fundamentally change structures for S2 and beyond.
If not implemented properly, this has substantial capacity to greatly benefit certain types of artists over others, and altering intentions / production for the WAG.
I think option 3 is best. As far as 1/1βs vs editions, I donβt think we need to differentiate, everything should just be 1 vote. The 17 donβt have additional voting power.
What do we think of giving people 1 vote for holding a WAG NFT, regardless of the amount they hold?
This kind of balances rewarding holders with a vote vs concerns about gaming this or diluting other votes.
Snapshot might have a strategy for this already. We can look into it more if thereβs interest in this strategy for WAG holders.
