Prop 250: Collection Creation Fee Update
With the current surge in the $STARS price, the creation fee became more expensive. In the future, we would like to have the price based on a USD value, to avoid the current fluctuations. While integrating with the Oracle still needs some time to be launched, the Stargaze team would like to propose the following fees in USD:
Type | USD Base Value proposed | Reference Standard collection | 99 USD - Open Edition | 33 USD | 1/3 of Standard Collection fee Migrate to Updatable | 66 USD | 2/3 of Standard Collection fee Updatable | 165 USD | Standard + Migration fee WL Flex (non featured) | 165 USD | Same as Updatable WL Flex (featured) | 495 USD | 3x from WL Flex-non-featured
*The fees will be adjusted to the base USD price from this proposal if there is a big change either upwards or downwards of the STARS token price. That means if STARS gets to 2x from the current value, we will lower creation fees by half. If STARS lowers to half from the current value, we will double the creation fees, keeping the same “stable” USD price. *The adjustment will happen until we have the Oracle in place.
As a reminder, all fees are Fairburned. None go towards Stargaze/Stargaze team. 50% is burned and 50% goes back to Stakers.
By voting YES to this proposal, you agree to set a USD value for each Collection Creation Fee, which will be adjusted accordingly from time to time by the Stargaze Team. By voting NO to this proposal, you don’t agree to set a USD value, keeping the collection creation fee as is. By voting NO WITH VETO, you believe this proposal is malicious and that there should be a penalty to the current proposer.