Hello everyone! We had a couple of really good questions in the comments of our last newsletter as well as the White Paper today so just to be completely transparent we decided to create a post sharing with everyone these questions and answers.
User @edje posted the following questions:
As you see, I took the freedom to also purchase some tokens over at TribalDEX.
Perhaps I bought a bit too much? But then again, I like this setup a lot since the project seems to just want to impose a little barrier to entry with the low DOA token price over at TribalDEX, which essentially means to me you guys and girls aren't trying to rip off to benefit yourselves. Perrrfect!
May I ask: How do you plan to run all activities? With how many people I mean?
Also: Do the NFTs have utility? And will the utility differ between the two categories Reflection and Impression?
We responded with the following:
Great questions! Yes, so since MOONSHIFT is primarily a DAO voting token with trading being a far-off secondary usage, we wanted to make sure it was easily obtainable for initial investors. Obviously, that may change once the initial 2,000 on the market is bought up, but that is why we have the buy-back limit buy setup to buy them for 0.03 HIVE at all times. There's currently 60 HIVE in collateral on there but when that dries up, we will just start another one, and the MOONSHIFT that was bought through that mechanism will be relisted for however much HIVE is roughly equal to $0.01 USD at the time.
Once there is a larger base of MOONSHIFT holders and we have big DAO decisions to be made we will start doing DAO proposals through TribalDEX via their Token Fund feature.
There is a planned utility for the NFTs that will be announced in an upcoming newsletter, but it will be the same between the two categories. Reflections and Impressions only differentiate based on what type of category they feature, as we are ultimately looking to be a crypto artist collective we wanted to show that we value art early on with these collections. Look out for the announcement about NFT utility in the next couple weeks though!
We also received the following from user @memess
really nice troject except the founder share, 6K token of the total of 30'000 token that's like 20% of total supply, once you have the founder share burn or airdrop a bit of it, or it might scare investor if oneday the project price go to 1$. Still i bought like 50 moonshifter LFG
To which, we responded with:
Thanks for the comment and we really appreciate the concern you brought up. MOONSHIFT is primarily a DAO voting token rather than meant to be a speculative asset (although it being a cryptocurrency may make that an inevitability) so the only reason for the 20% founder share is for a majority stake in what is a decentralized artist collective "company" and not meant to be a backdoor buy-out, but we do understand that concern and will look into the possibility of burning some of this supply to ease any anxiety this may cause for users. Perhaps that could be one of our first DAO proposals once that mechanism is setup.
We will be announcing a private Discord server for holders, further utility for the MoonDreams NFT series, and Artist Partnerships in the coming newsletters so stay tuned!