P-014 ACTIVE: Opening Up 1 Character and 2 Character Names

Governance Proposals
1

Voting period:

14 days

Categories:

Social Proposal

Request for Action

Constitution Amendment

Abstract:

This proposal confirms the desire to open up registrations for 1 character (1D) and 2 character (2D) names. A launch plan (via Objkt & TED auctions) and a suggested auction strategy is provided.

Rationale:

Releasing 1D and 2D names is crucial for the TED DAO’s progress to serve the community as an infrastructure naming service. By making these rarest domains available, we ensure they are put to productive use rather than remaining inaccessible. The proposed 1D Dutch (a.k.a price drop) auctions will ensure a more engaging and interesting launch experience.

Details:

This proposal is meant to launch shortly after being approved. The launch of 1D/2D names will precede and dovetail all the further changes described by DRAFT: Changing Tezos Domains Pricing Structure. The passing of the former is NOT required for the implementation of this proposal.

The Tezos Domains project will work with various key teams across the ecosystem to plan the launch.

Launching the 1D names will occur first on Objkt. Week-long Dutch auctions will be created with a starting cost of 100000 tez and final cost of 3000 tez. All unsold domains will be made available on Objkt at the cost of 3000 tez. After the initial auction, if unsold, all remaining domains will be listed at 3000 tez on Objkt.com until they sell.

Once the 1D launch fully concludes, the launch of 2D names will occur on Tezos Domains. Three week-long auctions will be created for all the 2D names with a starting bid of 650 tez.

The launch of 2D names will happen directly on the Tezos Domains website. The names will be programmatically transferred to a Tezos Domains Foundation wallet, which will initiate the auctions.

1D/2D Domain Launch Plan:

Here’s a summary of the steps necessary to successfully promote and launch the newly unlocked domains:

  1. Pass this proposal

  2. 4-8 weeks of promotion and planning

  3. Promotion

1. Reaching out to Tezos Domains users on X/Reddit/Discord/Telegram (CM team)
2. Tezos Domains hosted spaces on Wednesdays/Saturdays (CM team)
3. Participate in various Tezos Spaces and promote launch (CM team)
4. Promote to well known domains users on other chains (CM team)
5. Plan extra spaces for just before and during the launch to explain how auctions work on both platforms (Objkt and Tezos Domains) and which auctions will be where (CM team)
  1. Planning
1. Confirm feasibility and execution of proposal (Dev team)
2. Work with Objkt, Trilitech & Tezos Commons CM teams (CM team)
3. Plan giveaway via Discord raffle of w.tez domain (subject to change) (CM team)

  1. Launch 1D auctions on Objkt (Dev team & CM team)

  2. Week Dutch auctions for all 1D names using the settings below

    image
    image1168×1092 62.5 KB

  3. All unsold domains are made available on Objkt at 3000 tez

  4. Launch 3 week-long 2D auctions on Tezos Domains with starting cost of 650 tez. There is a three-week auction period and auctions are automatically prolonged if a bid is made near the auction end.

Specification:

  • Modify smart contracts to allow sale of 1D/2D names (Dev team)
  • Dev team shall work with CM team to plan and implement changes

This proposal has been created on Homebase after meeting all ACTIVE criteria.
Vote on P-014: Tezos Homebase
Vote Ends: Oct 25, 2024 9:09 AM GMT
Proposal Passing Requirement (Request for action): 50%+ Yes votes, 10%+ TEDv quorum

2 Likes
4

Let’s please only start with opening up a single 1D (a.tez) and auction that. Let’s not set a price for it.

Rather, let’s let the auction itself inform us as to what the pricing should be for subsequent 1D sales and perhaps even 2D sales. That way we mitigate the propensity for a mistake in price setting.

It’s also possible that this single 1D auction could bring us the revenue we need in the short term.

If we release it all at once, we have no way of knowing if the price that we set was too low or too high.

Let’s do this auction first. What we learn from that will be far more valuable than the extra time it takes before getting to all these other release proposals/changes. Otherwise we’re just throwing all this stuff at the wall to see what sticks.

It also is much better for marketing all around, beause we can all focus on hyping up this ONE auction and getting people to focus on this one thing going on is a lot more clear and resonates much better for Tezos Domains overall than if the headline were “Tezos domains makes a bunch of changes” — that doesn’t resonate. Whereas this auction is a story!

3 Likes
5

I agree with Kevin’s rationale. It’s essential to gauge the market before introducing major price changes or new products. This approach allows us to collect valuable data that will guide future strategies.

Let’s see what the Community thinks.

2 Likes
6

100% in agreement here! This is essentially a one-time opportunity so we should proceed slowly and carefully.

1 Like
7

Updated title to omit potential proposal # as pointed out by @Kevin

Working on updating the proposal with all the feedback that makes sense to tzc.tez.

8

Updated proposals to include dutch auctions for 1D names instead of regular auctions.

tzc.tez doesn’t believe breaking up the auctions for 1D names and extending the proposal window over several months provides enough benefits to make up for its drawbacks. There is a lack of successful examples of this kind of name release on other domain naming systems. It further looks unprofessional and inconsistent to release something like 1D names little by little, possibly changing the conditions with each sale. Finally, the community may not be able to sustain excitement for such a protracted 1D sale window.

The dutch auctions bring some of the benefits of breaking up the 1D auctions/releases into a more manageable window for this proposal.

9

Changed to P-014 ACTIVE. Proposal is now active on Homebase, locking the OP from further changes.

Voting info has been added to OP as per timestamp

1 Like