Voting period: 7 days
Categories:
Social Proposal
Request for Action
Constitution Amendment
Abstract:
To propose a temporary stay on the sale of 1-character domains, building on the progress and framework established by P-014 to ensure these rare assets achieve their maximum potential value through strategic timing and data-driven optimization.
With only 36 in existence, 1-character domains are the most exclusive and valuable assets in the Tezos Domains ecosystem. Rushing their release risks selling these gems for far less than their true worth. By allowing the 2-character auctions to proceed first, we can gather critical market data—such as pricing trends, demand patterns, and speculative growth—which will enable a more informed and optimized approach for releasing 1-character domains.
This proposal ensures that the Tezos Domains ecosystem maximizes revenue potential without leaving money on the table. By aligning with the ongoing Tezos growth cycle and leveraging insights from the 2-character market, we can position 1-character domains to achieve significantly higher valuations—potentially $1M+ each. This is about protecting value, capitalizing on opportunity, and ensuring we don’t sell ourselves short.
Rationale:
- Rarity and Exclusivity: With only 36 available, 1-character domains are the rarest and most valuable in the ecosystem. Releasing them too early risks undervaluing their true worth, especially during a period of rising interest and activity in the Tezos ecosystem.
- Market Calibration and Optimization: Allowing 2-character auctions to proceed first provides critical market insights—such as buyer demand, pricing trends, and speculative growth potential—that can inform and elevate the strategy for releasing 1-character domains. These benchmarks ensure 1-character domains are positioned for maximum value.
- Timing with Growth: Tezos is entering a boom cycle, and delaying the sale of 1-character domains allows the market to mature further. A patient approach could yield significantly higher revenue, with potential for these domains to generate $1M+ each.
Details:
1-Character Domain Supply: Only 36 1-character domains exist, making them the rarest assets in the Tezos Domains ecosystem. This level of scarcity warrants a cautious and strategic release approach to ensure their full market potential is realized.
2-Character Auctions as a Benchmark: The 2-character domain auctions provide an ideal opportunity to gather real-time market data. Insights on buyer behavior, demand levels, and speculative pricing trends will help refine strategies for the 1-character auctions, ensuring the highest possible value for these rare domains.
Economic Context: Tezos has seen significant growth recently, and ongoing ecosystem developments suggest the potential for increased activity and higher spending power in the near future. Delaying 1-character domain sales ensures they are released during the most favorable market conditions.
Auction Strategy: While this proposal focuses on timing, it also leaves room for future discussions on the most appropriate auction format for 1-character domains, incorporating lessons learned from the 2-character auctions
Specification:
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Implement a Temporary Stay: Place a temporary hold on the release and auction of 1-character domains.
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Gather Insights from 2-Character Auctions: Allow the auctions for 2-character domains to continue as planned under P-014, using their outcomes to gather data on pricing trends, demand, and buyer behavior.
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Evaluate and Optimize: After the conclusion of the 2-character auctions, analyze the results to develop a data-driven strategy for the timing, pricing, and auction methodology of 1-character domains.
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Set a Reevaluation Timeline: Define a clear timeline for revisiting the 1-character domain strategy, such as after all 2-character auctions have completed or after a specific period of market activity analysis (e.g., 1-2 months).