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Samurai Protocol
  • DISCLAIMER
  • Samurai Financial
  • 1. What is Samurai and how does it work ?
    • 1.1 - What is Samurai?
    • 1.2 - What is the total supply of HNR tokens ?
    • 1.3 - Now, how does it actually work ?
    • 1.4 - How does Samurai differ from RING?
    • 1.5 - Why is SAMURAI on the Fantom (FTM) ?
    • 1.6 - Is Metamask the only wallet compatible for now ? What about TrustWallet ?
    • 1.7 - Do I need to install a VPS?
    • 1.8 - Do I need to keep my computer running ?
    • 1.9 - Where can I see the size of the liquidity pool ?
    • 1.10 - Smart Contract Functionality
  • 2. Understanding the NODES
    • 2.1 How does the Lottery system work?
    • 2.2 How does sliding tax work?
    • 2.3 - How much does a node cost ?
    • 2.4 - Can nodes be transferred from one wallet to another ?
    • 2.5 - Are these real nodes ?
    • 2.6 - Why do you call these "nodes" ?
    • 2.7 - I don’t see my rewards every 4 or 8 hours. Is there a problem ?
    • 2.8 - What happens if I don't claim my rewards every time ?
  • Tokenomics
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  • Samurai AI
  • Vaults
  • MultiChain ZenGarden
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  • Sambot
  • ZenEstate
  • Governance Proposals
    • Samurai Governance
    • Initiate and adopt protocol level governance
    • SIP-1: Adopt and enforce an incentivised LP staking mechanism - Zen Garden
  • [EXTENSION] SIP-1: Adopt and enforce an incentivised LP staking mechanism - Zen Garden
  • SIP-2: Implement a Samurai native OTC NFT solution
  • [EXTENSION] SIP-2: Implement a Samurai native OTC NFT solution
  • SIP-3: Implement, adopt and enforce Samurai Vaults
  • SIP-4: Implement, adopt and enforce Samurai Multichain ZenGarden
  • SIP-5: Implement, adopt and enforce Samurai Levels
  • SIP-6: Replenish Samurai Levels rewards
  • SIP-7: Conduct an OTC NFT acquisition event
  • SIP-8: Retroactive funding
  • SIP-9: Expand MultiChain ZenGarden
  • SIP-10: Conduct an OTC NFT distribution event
  • SIP-11: Temporarily pause Samurai Levels
  • SIP-12: Replenish Samurai Node NFT's rewards
  • SIP-13: Levels v2 Product feature set Ideation
  • SIP-14: Deploy and fund Samurai Governance Vault
  • SIP-15: Implement, adopt and enforce Samurai Levels v2
  • SIP-16: Conduct ‘Settlement & Release’ initiative
  • SIP-17: Expand ‘Settlement & Release’ initiative
  • SIP-18: Implement, adopt and enforce an update to Samurai Node NFT RPC Endpoints
  • SIP-19: Implement, adopt and enforce Samurai Chat
  • SIP-20: Refine Samurai Levels Parameters and Conditions
  • SIP-21: Retroactive funding 2.0
  • SIP-22: Conduct an OTC NFT acquisition event
  • SIP-23: Conduct an OTC NFT distribution event
  • SIP-24: Enact a Samurai Governance Vault Conversion
  • SIP-25: Refine Samurai Chat Parameters
  • SIP-26: Replenish Samurai Levels v2 rewards
  • Articles / Announcements
    • Samurai is here!
    • Honour
    • News, updates, migration and plans for Honour
    • Clearing the air and moving onwards
    • The path towards sustainability
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  • Motivation
  • Specification

SIP-22: Conduct an OTC NFT acquisition event

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Last updated 5 months ago

Motivation

This proposal suggests for the protocol to conduct an NFT acquisition event using its bespoke OTC NFT solution / mechanism.

This will enable Samurai Node NFT holders to dispose of their NFTs without being subject to tofuNFT’s royalty fees and facilitate the potential disposal of their NFTs at bulk, considerably enhancing the user experience.

By selecting many Node NFTs at once, the solution shall allow users to sell and dispose of their Node NFTs at scale within the dApp interface in exchange for xHNR tokens. The Samurai Node NFTs shall be acquired using the xHNR tokens in the protocol’s treasury.

Specification

Conduct the NFT acquisition event at 25th of December 2023, 5PM UTC time.

The pricing of the Node NFTs within the OTC NFT’s acquisition event should be set in xHNR token terms and according to the floor price of the NFTs on TofuNFT -~ 15% to incentivise and encourage the use of Samurai’s OTC NFT alternative, in accordance with the rules stipulated in the feature’s initial governance proposal:

Utilise the xHNR tokens in the protocol’s treasury (specifically, up to a maximum of 1 071 870 xHNR that are currently situated in the Samurai Trade smart contract but belong to the protocol’s treasury) to conduct the proposed Samurai Node NFT acquisition event.

If there is a surplus of xHNR tokens that remain unallocated (not utilised to acquire Node NFTs), those shall remain in the protocol’s treasury.

The OTC NFT acquisition event shall unfold within Samurai's dApp at 25th of December, 2023, 5PM UTC time for a duration of 48 hours.

https://snapshot.org/#/samuraifi.eth/proposal/0x3c397ea966e8c809d352d208e73acef70bd1983d406f16be21d89ba8cc7b969c