This program aims to reward both Collectors and Creators based on their activity on EXA Market and to bring traction for Algorand NFTs. This version takes in consideration the feedback we received from the Community to ensure a more fair and equitable program experience.
Please feel free to provide any feedback if need be
It seems like there is still time to add crosschain initiatives correct? I thought this was still in the prelimanary proposal phase?
Adding new users/wallets and a marketing plan should be at the for front of every proposal. With you guys adding tokens to buy NFTs which is an awesome feature, I would really hone in on this feature as it could easy attract more users. You could even team up with Folks Finance or bridge dapps to use their wrapped tokens to gain users outside the ecosystem to come over and use their native token they are use too.
I personally think a more diverse plan is better, but this is an upgrade from the last rewards and hope that progression happens at a fast pace. You guys have a good thing on your hands
I like the balance EXA hit between rewarding collectors/creators. My main issue is the 4 week period. Is there any way to increase the duration by starting the period 2 week earlier? And even extending the duration? It would be less rewards per weekly cycle - which would give a better overall distribution.
We’re creating horrible peaks of trading. There’s now been 2 weeks of knowing rewards are coming, and there’s another 3 weeks to wait until they are deployed - collectors are sitting and waiting for them to start, creators are delaying their drops. In NFT its all about momentum and this stop/start nature needs to be fixed asap for NFT rewards to truly benefit the eco.
EXA Market is currently a secondary marketplace, adding for instance WAVAX or WSOL won’t have much of an impact now. We believe this could have an impact when creators will be able to drop NFTs using these assets. We will work towards that when our primary market will be released.
Unfortunately, this won’t be available for this proposal.
Thank you so much for your feedback on the Proposals. I have shared some of that feedback on a document for Marketplaces to consider applying in this Program or future ones (if applicable).
In regards to the NFT Rewards Program calendar, we have tried to follow the DeFi timelines since the Pilot. For this time, since many operational deadlines were colliding with the Holiday season, a Marketplace has requested to push things a bit further in time which caused an average 2-week delay in the Program start.
Thank you again for your feedback and please know that I am doing my best to minimize to impacts on the ecosystem when the Program is not live as well as the timelines.