Omniflix: oNFT Param Change: Decreasing the collection fee from 100FLIX to 25FLIX

Abstract

This proposal suggests adjusting the NFT collection creation fee on the OmniFlix platform from the current 100 FLIX to a more manageable 25 FLIX. This adjustment reflects the recent increase in the value of FLIX and aims to maintain accessibility for new creators.

Overview

With the launch of the FLIX token, an NFT collection creation fee of 100 FLIX was implemented to deter spam collections and preserve the quality of projects launched on the ecosystem. As the value of FLIX has increased, so has this fee in USD terms, which could deter new creators. This proposal aims to balance the need for spam deterrence with accessibility for creators.

Proposal Details

The proposed reduction in the NFT collection creation fee from 100 FLIX to 25 FLIX is based on the current FLIX value. This adjustment will still be subject to community debate due to the potential volatility of the FLIX token. It is suggested that this is a temporary measure. A future proposal could consider pegging the FLIX collection creation fee to a fixed USD value via an oracle or similar mechanism, to prevent the fee from drifting too far from a community-agreed value. This would also avoid the need for governance adjustments each time the fee needs to be revised.

Future Considerations

In addition to regular reviews of this fee, future proposals could consider initiatives for new creators experiencing financial hardship, such as loans or grants, to cover the initial cost of the collection creation process. This would ensure only committed artists enter the ecosystem, while also providing opportunities for those who need them.

Summary

The proposed adjustment for the OmniFlix NFT collection creation fee is as follows: Current Fee: 100 FLIX Proposed Fee: 25 FLIX

Community Discussion for Reference