NFT Acquisitions

In this section, we shed light on the intricacies of how the UNIRA DAO strategically acquires NFTs, contributing to the growth and vitality of our ecosystem. Our approach emphasizes community involvement, due diligence, and a commitment to transparent decision-making.

Selection Criteria: The UNIRA DAO is discerning in its choice of NFT collections. To ensure a prudent selection, we adhere to the following benchmarks:

1. Trading Duration: We exclusively acquire NFTs from collections that have been traded for at least 6 months in the market. This time frame ensures that the collection has a track record and has weathered market dynamics.

2. Trading Volume: The historical trading volume of the selected collection must surpass 5000 ETH. This criterion demonstrates the collection's market relevance and demand.

Mechanism for NFT Acquisition:

Stage 1 - Community Brainstorming: Community engagement is integral to our decision-making process. Any member of the UNIRA DAO can propose a collection or a specific NFT for acquisition. Suggestions can be shared on the DAO's official Discord channel or the UNIRA DAO forum website. The community discusses and provides insights into the proposal's viability.

Stage 2 - Creating an Official Proposal: After gathering sentiments from the community, the proposal's originator or any eligible DAO member can formalize the idea into an official DAO proposal. While creating a proposal, the wallet owner should possess a minimum of 500,000 UNIRA tokens. This requirement ensures a level of commitment and interest from the proposer.

Stage 3 - Proposal Details: A comprehensive proposal should include a description of the NFT or collection, the desired purchase amount in ETH, and the receiving wallet address. Importantly, the receiving address should correspond to a multisig wallet. This multisig wallet has reputable DAO delegates as cosigners, instilling trust and security in the process.

Stage 4 - Voting: The proposal undergoes a voting process within the DAO community. For a proposal to pass, it must garner "Yes" votes exceeding a predefined threshold value. Upon approval, funds are transferred from the DAO Treasury to the designated multisig wallet address. The multisig signatories execute the purchase and promptly deposit the acquired NFT into the UNIRA DAO Treasury wallet.

This methodical approach ensures that UNIRA's NFT acquisitions align with our community's interests, maintain transparency, and enhance the overall ecosystem. Together, we're shaping a dynamic and thriving DeFi protocol built on collective wisdom and strategic decision-making.