Proposals
caution
We estimate that the proposal materials are a ~20 minute read. Before reading this page, make sure you have seen the materials in Progression, Resources, Voting, and Rewards.
Expansion Proposals​
1. Community Reward (Recommended)​
tip
We think this proposal will put control of expansion back to the community since a majority of the new available supply (Buildings & Units) will be claimable by current holders. Target floor price is controlled by community, its history, and value of Aether's platform utility.
We'll place a target on expanding to either Phase 4 or Phase 5. From our current active holders; we should expect Phase 5 which has a maximum supply of 4697, assuming ~60% of this is actualized our target supply would be ~2800. This phase will allow us to reserve new supply to all current holders. Meaning of the controlled supply 1160 we would be able to meet the 1004 subscribed rewards (or less depending on # of active holders). This means that up to 86% of AetherCore supply will be given back to our holders. Alongside the upside of building ownership. The remaining supply will be held in the treasury for partnerships and promotion.
This path does not persue a "new" mint campaign, rather majority of supply is delegated to the community to control. We won't be collecting initial mint funds that could cover the gas required in airdropping a reward. Instead we'll be introducing a claim model that will require our holders to mint a Claim Ticket at a low cost that will cover contract gas fees in Minting, Wrapping, and transfer of the NFT. Since up to 86% of controlled supply is going back to current holders; dev funds will come primarily from royalties & new mints from building owners. Note: Claiming window will be open for 1 month.
In the case where there are < 288 claims we'll only move into Phase 4. This proposal doesn't require the active designation and eligibility will be determined by their claim action directly.
2. Public Mint & Building Dutch Auction​
caution
The 33% allocation here is over subscribed. This proposal targets Phase 4 (progression #20) where we only have 288 controlled supply, 96 to be distributed back to holders (~10% chance). This means that in most cases, holders wont get a reward.
Could reach dead-lock phase if properties aren't minted out.
This reflects the original format that Aether was distributed. Progression is bumped by 5 and new buildings are minted in this space according to the seed. 50% of these buildings will be set to Public allowing anyone to mint in these buildings at 0.10 ETH. After minting, buildings will be auctioned off in a dutch auction style starting from 10 ETH.
Current holders will be allocated with 33% of the entire minted property supply distributed at random with the following weights. (Note: Wallet must be active to receive the reward)
Proceeds of the mint funds will be used to fund the minting, wrapping and reward additional properties to existing holders. After the 48-hour minting period or when available space is maximized, the mint price for new units will be reverted to 0.05 ETH (for building owners). (Note: Penthouse units will receive another penthouse in their reward)
3. Building Dutch Auction​
caution
The 33% allocation here is over subscribed. This proposal targets Phase 4 (Progression #20) where we only have 288 controlled supply, 96 to be distributed back to holders (~10% chance). This means that in most cases, holders wont get a reward.
Similar to #2, however in this case we use building dutch auctions as the main format to raise funds. New unit supply will be created by building owners who mint new units. Progression # is bumped by 5 and new buildings are minted in this space according to the original seed. Private buildings will be minted and placed on dutch auction at 10 ETH. Current holders will be allocated with 33% of the entire minted property supply distributed at random with the following weights. (Note: Wallet must be active to receive the reward)
The ability for our team to facilitate the minting, wrapping and reward is dependent on the size and reception of the dutch auctions. We may need to adjust the allocated supply to balance additional funds and gas fees required.
4. Candy Machine​
warning
The 33% allocation here is over subscribed for Phases < 6 (Progression < #30). This is an ambitious step given the current market trends; and will require outsized marketing and promotion efforts that Aether Labs team may not have the capacity to deliver on.
Instead of needing to understand the complexity behind property tiers, mint privacy, and progression factor, we instead distill the newly available supply into a literal candy machine where there is one item is being deposited per mint at mint. Simplicity over complexity.
Expansion will come in the form an intermediate Aether Ticket NFT. This ticket will carry a maximum 10,000 supply at a minting cost of 0.15 ETH and will only be open for a 48-hour time period.
After the mint, leveraging mint funds, those who hold an Aether Ticket will be rewarded a Aether property during distribution phase. Distribution is random and will include units & buildings. We don't expect to mint the entire supply, rather the key benefit of this approach is that we use this mint to understand the actual demand for the community to expand and can move progression according to this actual demand.
Current holders will be allocated with 33% of the entire minted property supply distributed at random with the following weights. For example, if we have 3000 tickets minted, an additional 1000 properties (units & buildings) will be rewarded to current property holders. If there is less new supply then active holders, the available holder allocation will be distributed randomly. (Note: Wallet must be active to receive the reward)
Proceeds of the mint funds will be used to fund the minting, wrapping and reward additional properties to existing holders. (Note: Penthouse units can request receive another penthouse in their reward)
5. Delay Expansion​
This option delays expansion decision to a later date (6 months). The Aether Labs team will continue to persue the development roadmap to boost utlity of the platform under our Roadmap objectives.
6. No Expansion​
Favors scarcity over expansion. Removes the option of future expansions to create true scarcity. Limits future growth and funds. The Aether Labs team will continue to pursue the development roadmap to boost utility of the platform under our Roadmap objectives.
Implementation​
Depending on the approved proposals above, it will take additional time for the team (Aether Labs) to develop the tooling and contracts to facilitate the process, we expect this process to take place in April. In the case of non-decision we will be deferring expansion to a future vote when the proposal better meet the wishes of the community and or demand from the market.
Appendix​
- For the holder reward: We'll take a snapshot of all owner wallets and sum up their holding weight (as shown in tables above). The chance for reward is equal to a holders weight, over the sum of all weights. If the reward chooses on an inactive wallet, this reward will land into the treasury instead for future claim from the inactive wallet (within 6 months).
- The newly available supply will include buildings that have already minted units in them. These buildings once assigned to their new owner will retain the existing expansion properties. (ie. Buildings will be able to expand if there is a future expansion)
- As part of the expansion and new wrapper contract proposed, existing properties will be given a new visual treatment across our UI and OS. The new NFT image asset will include the minting year of the asset alongside a QR code to bring anyone directly to Aether.