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https://opensea.io/collection/nouns
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dotnouns.⌐◨-◨
@dotnouns
gm! Shared this plan on X if you want to have a read. https://x.com/dotnouns/status/1904659764115615757 We are working on a restart and heavy improvement of nogs to avoid the same mistakes and solve some of its flaws. It's a bit frustrating that until 2 weeks ago we were creating some of the best infrastructures in the ecosystem and now everything we do is related to some sort of scam. We always shared the possibility to use part of our presale to make a strong rebalance of the supply and increase the rewards and utilities associated to nogs. That’s why we locked the presale for 1 year. In Nouns we are full of props that got funded and run without any execution. We always executed and continued to expand our infrastructure and supporting communities, mandate after mandate.
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Bixbite 👽
@bixbite
I need some clarify on this with a direct response…. When you say you’re going to rebalance the LP and burn $NOGS, does that mean you are also taking out the equal ratio of ETH from the LP?
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dotnouns.⌐◨-◨
@dotnouns
Hey bix! Yes, that eth will allow us to execute point 3 (Expansion of the Infrastructure). We always shared that if the entire amount of the LP was going to become not necessary we would have used part of it for strategic initiatives and to increase the utilities around nogs. That’s why we decided to lock the presale for 1 year before an additional longer lock. That was the plan for the presale. A way to cover liquidity and have the flexibility to improve eventual flaws and enhance the utility after the first year. But again, nothing is set in stone. We are still in a brainstorming phase and we are also working on other alternatives. We are going to share these with you asap so you can give me your feedback
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