We’re calling on the Dogelon Mars community to discuss here what you would like to do to help compensate Elongevity Enigma NFT holders.
Elongevity Enigmas are an NFT collection created by the Methuselah Foundation (MF) that is supposed to be “an aggregate of the Dogelon Mars and Methuselah Foundation community members who understand that the future lives at the intersection of longevity, space, and crypto.” MF represented to the Dogelon Mars community that holding an Enigma would give the holder rewards, including access to exclusive events on space, crypto, and longevity hosted by MF and its affiliates; as well as special insight into the cutting edge projects and partnerships. 10,000 Enigmas were minted, and there are currently 1,230 unique owners–many, if not all, members of the Dogelon Mars community. The mints were free, but Martians have been trading Enigmas back and forth for the past 2 years based on the Enigmas’ benefits, generating 196 ETH in trading volume.
In short, none of the Enigmas’ benefits materialized. Martians who purchased the Enigmas did so reasonably expecting MF would reciprocate with these benefits to Enigma holders. MF then sold most of its stake in $ELON to a group of investors. The Elongevity project is, for all intents and purposes, defunct. Many Enigma holders feel abandoned and angry. Several have repeatedly reached out to the Dogelon Mars administrators expressing their outrage that MF did not deliver on the Enigma’s benefits.
There several possible ways to compensate Enigma holders, who are a core part of the Dogelon Mars community:
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Use DAO treasury to directly compensate Enigma holders. The DAO has about $18,500 worth of ELON (based on current price) that was donated by MF. The DAO could vote to drop this ELON directly to Enigma holders. Dogelon Devs have said they could add some additional ELON to this pot. We would need to decide as a community how the ELON would be allocated. For example, we could give holders an equal amount, but some holders own multiple Enigmas. But if we allocated the ELON based on the number of Enigmas holders have, holders who only own one or a few Enigmas would get very little ELON.
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Burn a set amount of ELON per Enigma NFT. As a way to compensate the Dogelon community as a whole, we could vote to burn ELON as a symbolic but beneficial way to mark the end of the Elongevity project that gives a final utility to the NFT collection. The burned ELON could come from MF’s remaining stake of ELON (current value ~$11 million), which would of course need to be approved by MF. If they approve the idea, we would need to negotiate how much ELON from MF’s stake would be burned. Alternatively, the burned ELON could come from the DAO treasury (see above), but that amount would make a relatively small burn.
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MF purchase digital “land” for Enigma holders in the Dogelon Metaverse (credit to Nirelon for this excellent idea!). Enigma holders would become owners of this land on the Metaverse to make-up for the lost benefits their NFTs were supposed to give them. If feasible and MF agrees, we would need to discuss how the land on the Metaverse is distributed, because there will only be around 1,000 parcels of digital “land” in the Metaverse.
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Other ideas you can come up with.
After brainstorming and debating ideas we will hold a DAO vote. Discuss!