As we all know, BNB Chain NFTs are now available for listing and sale on OpenSea this week. The integration of BNB Chain and OpenSea’s standard core brings the chance for Baby Wealthy Club to meet over 1 million existing NFT users from this world’s leading peer-to-peer NFT marketplace.
Unfortunately, the BabySwap NFT market, where most of the Baby Wealthy Club sales happened, was not covered and scanned by the OpenSea data contract. It means most of the trading activity and trading volume of Baby Wealthy Club will not be included and counted on OpenSea, past and future. This fact is causing a great negative impact on the market performance of our collection, including volume, ranking, trending, etc.
Amidst this background, this proposal seeks to approve the fund for an OpenSea Market-Making plan. We expect this Market-Making plan to help BabyWealthy Club rank top on OpenSea, bring more exposure to Baby Wealthy Club, and finally benefit all precious wealthy babies. (We scheduled the launch of BabyRichCoin next week, which will be during the market-making period.)
Budget: Up to 8.75 BNB
Time: 3-7 days
If the proposal passed, we will transfer out 50 BNB for market making on OpenSea and make sure we rank top. As the fee rate on OpenSea is 2.5%, the estimated cost is 1.25 BNB per day. So the budget for a 7-day market making is up to 8.75 BNB. The actual volume and time will be adjusted based on the market. The left fund will be returned to Bank right after. At the same time, we will keep in contact with the OpenSea team and see if they can help include the BabySwap NFT market data.
Let’s make Baby Wealthy Club shine again!
Snapshot Link: Snapshot
Start date: Dec 2, 2022, 12:00 PM UTC
End date: Dec 4, 2022, 12:00 PM UTC