faint kiln
DAO needs at least one more round of funding
The last fundraising raised 10m$ for about 31$, considering that it's probably hard to find VC willing to buy it for more than 31$.
My idea is.
It's to raise funds by selling ILV of DAO for a daily limit of 50,000$.
This can raise up to $1.5m per month.
If ILV price is over 100$, the daily limit will be increased to 100,000$.
Advantage
・You can raise more funds than raising funds from VC (this year's ILV price is 38-107$)
・ILV becomes more decentralized
・You don't have to worry about raising funds for the next four years
・Determining the upper limit that the DAO can sell in a day can provide peace of mind to stakers.
I think this idea would clear up the funding issue.
Even as it is now, The DAO will still be able to sell as much ILV as it wants, but in that case, stakers may panic and sell ILV.
I think that by setting some limits, stakers will feel more secure.
I think this method is better than raising funds from VC if we can expect a bit of bull market over the next year.
Disadvantage
・There is an impact on stakers by selling ILV on the market.
I think that clearing the issue of development funds will be a plus for stakers.
・More ILV circulating in the market
Many people think that illuvium will succeed if it has enough development funds and time.
I also believe in success and staking about 5,500 ILV.
I really hope they succeed! hahaha
If DAO can generate sustainable profits in the future, I think it will be possible to increase the reduced ILV little by little.
Since the user base of PVP is the most important for success, I personally think that it is okay to pay a little more of game rewards as marketing expenses for the first year or two of open beta.
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