# SIP-23: Conduct an OTC NFT distribution event ## Motivation This proposal suggests for the protocol to conduct an NFT distribution event using its bespoke OTC NFT solution / mechanism. This will enable Samurai Node NFT holders to attain Samurai Node NFTs without being subject to the royalty fees of NFT marketplaces and facilitate the potential acquisition of NFTs at bulk, considerably enhancing the user experience. By selecting many Node NFTs at once, the solution shall allow users to buy and attain Node NFTs at scale within the dApp interface in exchange for xHNR tokens. The Samurai Node NFTs shall be distributed using the Samurai Node NFTs in the Samurai Trade contract and all the xHNR tokens received in exchange for the Samurai Node NFTs shall be eventually transferred to the treasury. ## Specification Conduct the NFT distribution event at 20th of March, 2024, 5PM UTC time. The pricing of the Node NFTs within the OTC NFT’s distribution event should be set in xHNR token terms and according to the floor price of the previous OTC NFT event 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 Samurai Node NFT’s in the Samurai Trade contract (specifically, up to a maximum of 3155 Samurai Node NFTs) to conduct the proposed Samurai Node NFT distribution event. If there is a surplus of Samurai Node NFTs that remain unallocated (not sold/distributed), those shall be relocated to the protocol’s treasury. The OTC NFT distribution event shall unfold within Samurai's dApp at 20th of March, 2024, 5PM UTC time for a duration of 48 hours. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://samurainodes.gitbook.io/docs/sip-23-conduct-an-otc-nft-distribution-event.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.