Proposal for Protocol-owned "Ticket Farming"

Update and a few bullet points after discussing with the rest of the multisig participants:

  • we’ve doubled and triple checked that buying tickets with a 50/50 split of ETH and INT is indeed price NEUTRAL

  • even though a 50/50 split is price neutral, we’ve decided to do a 75/25 split of ETH/INT for our first round of ticket buying. This will be slightly price POSITIVE and act as a very small buyback

  • our intention is to print a lot of tickets. Probably somewhere in the 1700-2000 region

  • this is being done to combat farmers abusing the protocol and to help alleviate some of the sell pressure

  • if the multisig wins the grand prize, we will use it to start implementing a prize ROLLOVER to future weeks

  • all IFTs won by multisig will be used for a variety of marketing campaigns

  • we will be starting this asap this week

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