Abstract:

This proposal aims to introduce a strategic initiative to allocate 30% of the yield generated by COSMON’s treasury, on a weekly basis, to buy back & burn yield-bearing NFTs on the Cosmon marketplace. The objective is to increase the utility of yield-bearing Cosmon NFTs by boosting their associated yield received by holders via a buy-back & burn mechanism.# Motivation: COSMON, as an innovative NFT play-to-earn game based on the Cosmos ecosystem, has established a unique position in the blockchain gaming and NFT landscape. However, to sustain and enhance its market dynamics, it's crucial to ensure continuous liquidity and value appreciation for NFTs. Utilizing part of the treasury yield for NFTs buyback & burn will:

• Provides Liquidity: Increases trading activities, benefiting all marketplace participants.
• Increases utility: Buying back NFTs on the secondary market and burning them will reduce Cosmon NFTs supplies which in turn will boost weekly yield for holders in the future.

Implementation Strategy:

If passed, this proposal will initiate the following:

• On a weekly basis, 30% of yield generated by the Cosmon’s treasury will be sent to this wallet: ki16a6fdy060yaga9ednpnwldvfaqqds4yq8p5sr8.
• In the following days, The wallet mentioned above will use all available $XKI balance to buy listed NFTs at the floor price on the marketplace.
• All acquired NFTs by the mentioned wallet will be burned.

Voting Options:

• Yes: You agree with the proposal to allocate 30% of treasury yield for NFT buyback.
• No: You disagree with the proposal to allocate 30% of treasury yield for NFT buyback.
• No With Veto: You deem this proposal harmful to Cosmon.
• Abstain: Neutral stance, contributing to quorum without a preference.