Content pfp
Content
@
0 reply
1 recast
1 reaction

Elad pfp
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
21 replies
7 recasts
54 reactions

rafa pfp
rafa
@rafa
When I read this, my first impression was “now I can _melt_ a Noun into $nouns” To clarify, the only way to get $Nouns is to deposit a Noun into the contract, therefore supply is still restricted correct? The implication seems to be: 1/n
2 replies
0 recast
3 reactions

rafa pfp
rafa
@rafa
if we add this functionality, anyone can write a proposal to _melt_ one or more treasury Nouns and airdrop $nouns to a variety of new builders / fans — creating a new type of engagement method and potentially governance signal process.
1 reply
0 recast
2 reactions

rafa pfp
rafa
@rafa
Furthermore, it allows anyone with one or more Nouns to _melt_ theirs to be able to purchase items denominated in $nouns — or sell their $nouns if the market premium exists for the fungible asset.
0 reply
0 recast
2 reactions