Define DAO illuvitars mint

[hazy scaffold]

Hello. This is an IIP draft, for a topic that was discussed a while back, which is maybe ready to be submitted.

Summary:
The DAO should mint some illuvitars(d1sks) at no cost and add them to the DAO treasury.

How to:

1. A percentage has to be defined as to how much the DAO can mint based on the total minted amount.
   Example: The DAO can mint 5-10% at the end of the illuvitar sale. Or maybe 5-10 illuvitars per 100 minted throughout the period.
2. Usage of these treasury illuvitars has to be regulated by the council.
   Example: An IIP is approved about giving x illuvitars from the treasury to the marketing team to promote the games.

Reasoning:

1. This will align the incentives of the investors/the DAO by both benefiting from the upside of the product.
2. This allows for a "free" marketing budget.
3. This allows for some extra competition/tournaments/leaderboard rewards.
4. By having this defined before the actual sale, investors will know what dilution to expect when they do their research.

Discussion points:

1. The DAO can vote to mint illuvitars after the sale, but that can create FUD around the product.
2. Maybe the ability to mint illuvitars beyond these defined percentages can be forbidden, just to strictly define the total amount beforehand.

Some archived talk about this:
#1003469605005692948 message

I know @gentle chasm was thinking about writing this up for a while, but I took the initiative.
Since this was discussed with the previous council, I'd love to hear thought from current <@&814435151307866142>

[gentle chasm]

Previous council had approved a budget for marketing for Illuvitars to be clear, was discussed a while back here https://docs.google.com/document/u/3/d/1P2XviLU-kydIFoPzaqaoVi35LDSuDgj82ERgwy2rYG4/mobilebasic and a few times since then, I’ll have to get the exact numbers that’s been decided on now as it’s changed a few times. But to the best of my knowledge this was essentially approved by previous council and it’s close to those numbers. I think the % after was scrapped and it’s just a hard number now.

[random elk]

When Kieran and deraji filled me in on the current marketing budget for illuvitars this was also my first thought. But the primary use case is actually to use the d1sks to market the illuvitars. Therefore you need them predefined and pre allocated to allow you to do that

[hazy scaffold]

It all makes sense, but maybe it's good to have it in writing before the sale because the previous illuvitars IIPs do not have these written in. Maybe premint with concrete value and an option to postmint to a specific %.

[random elk]

Yeah we were working on it but all the gov v2 and so on took priority 🤣🤣 im confident an iip will be passed before illuvitars

[hazy scaffold]

I'm pretty sure if it's not written and the team mints these we'll see a shitstorm.

Cool. Then it's good to have this here collecting feedback meanwhile. Thanks @random elk

[random elk]

No problemo