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Content
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https://opensea.io/collection/nouns
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maty pfp
maty
@maty
Can someone help me understand the extra 100k in NounsWatch proposal? It seems the DAO is not getting revenue from the sales.. the team keeps the profits from sales πŸ€” why would the DAO pay on top of the profits?
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Rafael Miranda βŒβ—¨-β—¨ pfp
Rafael Miranda βŒβ—¨-β—¨
@dwiss
The revenue from the sales go into production, it’s not a profit for the team. The 50k or 100k is a success fee Nouns would pay for DWISS for promoting the DAO (our profit). If we do not successfully sell 500 or 1000 watches we make no profit
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maty pfp
maty
@maty
So you are saying you dont make any profit after selling 1000 watches? I find that hard to believe
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Rafael Miranda βŒβ—¨-β—¨ pfp
Rafael Miranda βŒβ—¨-β—¨
@dwiss
We do if we sell it full price, on the crowdfunding campaign we will price the watch 40% or 45% off. To get more awareness and sell more watches but very low profit.
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