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Thoughts about: free-to-register Clovers #413

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okwme opened this issue Oct 6, 2019 · 0 comments

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@okwme
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commented Oct 6, 2019

Thanks to user Jim for kick starting this topic in the Discord. Wanted to collect some thoughts on the topic here to figure out a potential road forward with this feature.

Summary

  • Additional registration user flow
  • Free to register but you don't own it
  • You have the ability to set a sell price
    • Must me greater than minimum registration price
    • Otherwise user could just buy Clover from self at very low price
  • If it is bought then you get the difference between minimum registration price + amount paid
  • Could be paired with the ability to do OBO

Benefits

  • More Clovers get registered
    • The more Clovers registered, then the more likely interesting ones will show up
  • Lower risk on users for interacting with the system
  • The inverse of the bounty system

Drawbacks

  • Doesn't support token price as much / as often through user initiated buys when arbitrage is the motive
  • Will create a lot of noisy Clovers being registered

Technical Considerations

  • Will the Clover be owned by the Clovers contract?
  • Should they act differently from the contract-owned Clovers already on the Market?
@okwme okwme added the New Feature label Oct 6, 2019
@okwme okwme changed the title Thoughts about free-to-register Clovers Thoughts about: free-to-register Clovers Oct 6, 2019
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