Nouns

One Noun, every day, forever.

nouns.wtf

Imo we limit ourselves if we make it too formulaic to a Noun. Should be like quantitative easing: we need power to mint! 😀

One version is 1000 $nouns are auctioned everyday

there’s two paths floated for $nouns:

1. allow ppl to convert nouns to $nouns at a fixed ratio (eg 1 noun = 1,000,000 $nouns)

2. issue a separate token supply that the dao manages / sells.

i lean #1 b/c i don’t like the idea of managing two token supplies… but @wilsoncusack thinks #1 is limiting.

thoughts?

personally, i think acquiring $nouns independent of redemption against an NFT, might be important for a wider funnel. Else $noun distribution ends up similar or a subset of current Nouns NFT holders which likely is limiting. I am in same camp as Wilson 🤔

Founder @ /atrium  (atrium.art) . Making nouns.movie ⌐◨-◨

#1 still allows someone to just buy $nouns from a uniswap pool (like any other erc20 token). it's just that the introduction of *new* erc20 supply has to come from the nfts being locked up

this makes sense. i saw the last tweet around increasing supply at will via the DAO which helps creating a token supply with hard ceiling