What problems with @DeGodsNFT I see right now and how we can solve them?
There’re 4 problems and 5 solutions.
I should say right off the bat that I'm a big fan of the Degods and I want us to do well more than anyone else
There will be no FUD here, just my view from the outside, more not as NFT trader but as a IRL businessman
Problems and solutions
Solution #1
Remove PTS from the degods
Benefits:
Immediately solves the issue with zero pts DeGods
Just trade as before, by attributes, as it was in the days of solana(Best times tho🥲).
Easiest solution
Transfer PTS from degods to De{ID}(your DeGods account).
You used to stake and get coins on your account, now you get prizes on De{ID} as well
So technically everything is already implemented
Just transfer PTS to holder from all the Degods he has atm
For those who have Degods with PTS - it's good.
For those who have Degod(s) with low PTS - just nothing will change, in fact.
Problem #1:
How to attract new users?
They will have to buy from the market and start stake from scratch, thereby falling behind the rest by a huge margin
From the problem arises👇
Solution #2
Give 100k pts to all the degods
PTS is literally worth nothing to the team.
Well, just tweak down the chance of cool prizes, ok, they are close to zero😁
Who had lots of pts got better
Those who had low pts - got much better as their % got closer to the max
Newbies - getting interested in buying
Problem #2:
Weak prizes were, and now, in the moment, even more so
Yesterday we won the most delicious current prizes (ETH and BTC degods).
And right now the best prizes are the 15th Iphone or a set-top box, which is nothing at all.
And just right now what to attract new/old blood👇
Solution #3
Improve the utility in a very juicy way
Add very juicy prizes, for hundreds thousands of dollars, or better for $million+ 1 prize
This prize will give a buzz and get a lot of attention and retention from community
It's pennies for the team, believe me.
Accordingly, there is a growth, even just to gamble, people come in and this is where we give credit to the team.
And implementing👇
Decision #4
Give the opportunity to buy PTS for DUST.
Token grows, everyone is happy.
The team is happy, it always reflects well on the floor.
Also a lot of whales invested not only in NFT but also in the token itself
Better prizes+ability to buy points for token = a solid win w/o risk
There is still an important PROBLEM #3:
The toughest PTS "gamblers" and drainers
If the prizes are even tastier, there will be even more people willing to buy the closest PTS Degod to floor
Drain points, try your luck, and sell it into the bid.
Between the decision to "give 100k pts to everyone" and after removing PTS from degods in accounts there is a risk of getting new hundreds of NFTs with 0 pts.
Solution #5, kinda radical
Make stricter conditions on utility
For example, lock in staking for a month, then participate in the opening - ok.
Or make the withdrawal from staking worth 30 $DUST tokens
Would already stop most from draining
Problem #4
Farmers are staying.
Blur farmers don't touch points.
They just take from the bid and sell into the bid next,
They don't care about Degod, they got from bid, or the points, or the utility.
They're just fixing loss and farming the blur.
In a growing market, farmers sit with empty bags, but it can't grow forever.
And here is the dump, panic again, again farmers start dumping, what do we do with them?
5.Solution, the most radical one.
Raise the royalty from 0.3 to 3.3%.
Some of the crazy farmers will stay, but it will be much more painful.
But, most will just drop out of the collection
And regular holders/traders already do all transactions through OTC.
Or they will see the right actions of the team and quietly be ready to share the commission, as it was before.
There have been different royalties at different periods and we have seen organic growth
Waiting for feedback on what you agree and what you don't👇
Exclusive Art Collaboration 🟧
We are excited to announce that together with @btcordinal, we have prepared 7 unique NFTs for the BTC Frens collection, which will be released this week!
So, turn on your notifications not to miss anything! WE ARE STARTING! 🚨
We are officially transitioning to Chapter 2 of our story🟧
We are pleased to inform you that Chapter 1 is officially coming to an end. We have achieved incredible success, and so have you. ⚙️
What's in store for you? 🧵
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