Voting period:
10 days
Categories:
Social Proposal
Request for Action
Constitution Amendment
Abstract:
The P-013 ACCEPTED: Pricing structure change #2 proposal established consensus on the subject of changing the pricing structure of Tezos Domains. This proposal aims to choose the 1-4 most popular price structure changes that will be voted on.
Three weeks will be provided for discussion of this proposal before putting it into the governance system with the up to 4 most popular, well reasoned options as determined by DAO delegates and general community support.
Rationale:
The Tezos Domains project needs to change its price structure in order to sustain the project while continuing to provide an affordable and stable infrastructure service to the Tezos ecosystem.
The price structure suggested as default by this proposal below is intended to sustain the project as-is without requiting cutbacks to the budget. It also allows for moderate expansion should a more bullish scenario unfold following the successful passing of this proposal, dovetailing with the possible passages of P-014 ACTIVE: Opening Up 1 Character and 2 Character Names and P-015 ACTIVE: A Trial December Half-off Domain Sale.
It’s important to consider other price structure change suggestions as well as other approaches to the budget. The suggestions should be well-reasoned with sound logic and some kind of projection of income to ensure the change is sustainable for the project.
The number one goal of this DAO is to keep the Tezos domains service uninterrupted.
Details:
These details are the same ones as in P-013, except for the part which agrees that core devs have the right to keep XTZ/USD prices of domains roughly equivalent as the price of XTZ rises or falls. This has already been accepted by the P-013 proposal and will be communicated as described, if necessary in the future.
The tzc.tez delegate working on this proposal suggests the following permanent price structure for consideration by the Tezos Domains community:
Suggested Price Structure
- 1 Character: 3000 tez (if P-014 ACTIVE: Opening Up 1 Character and 2 Character Names passes)
- 2 Characters: 650 tez (if P-014 ACTIVE: Opening Up 1 Character and 2 Character Names passes)
- 3 Characters: 75 tez
- 4 Characters: 18 tez
- 5 Characters+: 3 tez
This structure ensures that 5D+ names can’t be hoarded as easily as before, while still providing an affordable option for all regular users who have and use 1-5 names.
This structure also ensures that 3D and 4D (and 1D/2D if P-014 passes) names are more affordable to register and to renew. The better affordability will allow domain name sellers on the secondary market to perform more activity
Desirable Domains
Here’s a summary of how many domains that are desired can be purchased of each length as well as the income they could generate:
1-Letter Domains
- Letters: 26 (A to Z)
- Numbers: 10 (0 to 9)
- Total: 36
- Income if 50% registered: 54,000 XTZ (18*3000)
2-Letter Domains
- Scrabble Words: 107
- Nicknames/Handles: ~20
- Total: ~127
- Income if 50% registered: 47,200 XTZ (63*750)
3-Letter Domains
- Scrabble Words: ~1,065
- Actual Names: ~100
- Nicknames/Handles: ~300
- Special Numbers: ~15
- Total: ~1,480
- Income if 50% registered: 55,500 XTZ (740*75)
4-Letter Domains
- Scrabble Words: ~3,985
- Actual Names: ~500
- Nicknames/Handles: ~1,000
- Special Numbers: ~30
- Total: ~5,515
- Income if 50% registered: 49,626 XTZ (2757*18)
5-Letter Domains
- Scrabble Words: ~8,996
- Actual Names: ~1,500
- Nicknames/Handles: ~2,000
- Special Numbers: ~50
- Total: ~12,546
- Income if 50% registered: 18,819 XTZ (6273*3)
6-Letter Domains
- Scrabble Words: ~15,000
- Actual Names: ~3,000
- Nicknames/Handles: ~4,000
- Special Numbers: ~100
- Total: ~22,100
- Income if 30% registered: 19,890 XTZ (6630*3)
7-Letter Domains
- Scrabble Words: ~25,000
- Actual Names: ~5,000
- Nicknames/Handles: ~6,000
- Special Numbers: ~200
- Total: ~36,200
- Income if 20% registered: 21,720 XTZ (7240*3)
8-Letter Domains
- Scrabble Words: ~40,000
- Actual Names: ~8,000
- Nicknames/Handles: ~10,000
- Special Numbers: ~300
- Total: ~58,300
- Income if 10% registered: 17,490 XTZ (5830*3)
Projected DAO Income
If half of the desirable names from 1D-5D, 30% of 6D 20% of 7D and 10% of 8D names are registered yearly, that will generate an income of 284,245 XTZ. When converted to USD, that will be just enough to keep operations going as-is.
Current DAO Income
Shown below is the Tezos Domains quarterly income for all years based on domain length.
Current Project Costs
To keep the project running and to maintain all the software, including middleware, in lockstep with Tezos protocol upgrades (3X year), a professional team of developers and server operators is needed. Maintaining dozens of servers with various housekeeping needs across Mainnet and Ghostnet requires time and vigilance from the Dev team.
Common sense infrastructure optimizations and operational cuts will be made where possible over the coming months to ensure the long term viability of the project.
The operation of the Tezos Domains service has been uninterrupted for years, so the goal is to cut where possible but ensure that the quality and stability of the Dapp is preserved.
Suggested Price Structure Options
For 1D/2D/3D/4D/5D+
- 3000/650/75/18/3
- TBD (optional)
- TBD (optional)
- TBD (optional)
Specification:
- Schedule change with core dev (CM team)
- Communicate to Tezos community with 30 day notice (CM team)
- 8 X spaces (Wednesdays & Saturdays)
- X reachout to 1,000-5,000 active NFT artists
- Announcements on all “Official” (i.e. ones most people use) Tezos channels
- Work with Tezos Commons and Trilitech to push news about changes
- Implement change on the announced date
- Publish an official Tezos Domains blog post with the rationale for the changes
This proposal has been created on Homebase after meeting all ACTIVE criteria.
Vote on P-016: Tezos Homebase
Vote Ends: Nov 20, 2024 1:50 PM GMT
Proposal Passing Requirement (Request for action): 50%+ Yes votes, 10%+ TEDv quorum
