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Elad
@el4d
gm, @davidbr and I are working on the $nouns token, backed by Nouns. 1M $nouns <-> 1 Noun NFT. you're invited to read this short spec doc and reply with your feedback. thanks! https://docs.google.com/document/d/1Uz4l8bAPaA2_gsUVZsZo_1dAmggAiYIn5sYba1IK10Q/edit?usp=sharing
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ns
@nickysap
So if 1 Noun is pegged at 1M $NOUNS and vice versa, how will volatility impact the underlying value of the NFTs as speculators inevitably come forth? To my understanding, growing/maintaining the effective value of Nouns NFTs is a DAO goal. Also, how much $NOUNS does one need to participate in the DAO?
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Elad
@el4d
there will definitely be a close relationship between the price of $nouns and the auction price of Nouns. As for DAO participation, we're leaving the design out of scope for now, with the intention to figure it out in a subsequent version.
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