Abstract
We propose the funding of 200,000 ARB tokens from the DAO treasury as a gas fee credit associated with claiming NFTs on Arbitrum chain on the Galxe platform. This proposal seeks to eliminate the cost of claiming NFTs for users, increase user participation, attract more partner campaigns, and reduce the barrier to entry for potential new users.
Motivation
The necessity of bearing the gas fees to claim NFTs has surfaced as a significant barrier for large-scale partner campaigns, and to broader participation on the Galxe platform. It not only discourages active user participation but also presents a high entry threshold for potential users and partners to discover the Arbitrum chain and its protocols. To foster a more inclusive environment and stimulate growth, it is important to tackle this issue head-on for a significant boost in Galxe campaign count on Arbitrum chain and user participation.
Specification
Overview
This proposal aims to secure 200,000 ARB tokens from the DAO treasury to cover user gas fees associated with claiming NFTs on the Galxe platform. By doing so, we hope to ensure the seamless participation of users in various campaigns, attract more partners, and facilitate the onboarding of new users.
Scope
The proposal applies to all NFT transactions on the Galxe platform that are conducted on the Arbitrum chain. All active and future users of the Galxe platform, along with potential and existing partners running campaigns, will be covered under this proposal.
Success Criteria
The success of this proposal will be measured by:
- An increase in user participation in campaigns after the reimbursement initiative is implemented.
- A surge in the number of new users on the platform post-implementation.
- The growth in the number of partner campaigns launched on Arbitrum chain on the platform post-implementation.
- Positive feedback and increased satisfaction from users and partners due to reduced cost barriers.
Timeline/Budget
The timeline for the implementation of this proposal is projected to be one month. The proposed budget is 200,000 ARB tokens from the DAO treasury. This figure will be allocated exclusively towards the gas fee credit for campaigns launched on Arbitrum chain on Galxe.
