RELP 1 - Integration of REL Tokens for Minting .Soul (Relation Profile Name)

Relation Proposals Achieved Proposals
1

Title: [Integration of REL Tokens for Minting .Soul (Relation Profile Name)]

Authors: [Kurt]

Date Created: [2023-09-25]

Abstract

This proposal aims to develop a pathway for REL tokens to be utilized for minting .Soul (Relation Profile Name) NFTs, regulated by the real-time conversion rate with ETH.

Motivation

By enabling the mint of .Soul NFTs with REL tokens, this integration will enhance the use-case of our tokens and provides flexibility in payment options for users, thus boosting the desirability and utility of both .Soul NFTs as well as REL tokens.

Rationale

Facilitating the versatility of REL tokens aligns with the community’s mission. This action demonstrates our commitment to innovative usage, integration and interoperability—a key facet of growth and progress in the blockchain space.

Steps to Implement

  1. Coordinate with the Relation technical team to develop and integrate the functionality for REL tokens usage in .Soul NFT minting.

  2. Implement smart contracts to handle secure and trustless conversion and transaction processes.

  3. Test the new implementation to ensure security and reliability.

  4. Launch community awareness campaigns regarding the new payment method.

Timeline

Technical Development: Week 1

Integration & Testing: Week 1-2

Community Awareness & Launch: Week 2-4

Budgets and Distribution

Development & Testing: VAR*

Community Awareness & Launch Campaign: VAR*

Note: Costs associated with development and marketing are variable. As the allocated token in Relation DAO Reserve has not been unlocked, the Relation team should cover the costs.

The implementation of this proposal will expand the utilities of REL tokens and foster the growth of our ecosystem.

8 Likes
2

Good Proposal, in addition I add that there should be optional choice where users can chose between using REL to mint .soul completely or partly.

2 Likes
3

an interesting idea involving more people in the community

4

https://snapshot.org/#/relationlabs.eth/proposal/0xbd10f89ccc36e35744073e83b66212d98d95a73e8db58cb380184a69cbcf3927

RELP 1 - Integration of REL Tokens for Minting .Soul (Relation Profile Name)

This proposal aims to develop a pathway for REL tokens to be utilized for minting .Soul (Relation Profile Name) NFTs, regulated by the real-time conversion rate with ETH.

1 Like
5

This proposal to integrate REL tokens with .Soul NFTs is a forward-looking move. It boosts token utility, exemplifying our dedication to blockchain innovation. Exciting growth opportunities lie ahead for our community.

1 Like
6

Relation Snapshot for RELP 1 Is Live

:ballot_box: The Vote will take place on Snapshot until October 9th, 12 PM UTC. All REL holders are encouraged to participate.

:speaking_head: RELP 1 - Integration of REL Tokens for Minting .Soul (Relation Profile Name):
Snapshot

:ballot_box_with_check: This proposal aims to develop a pathway for REL tokens to be utilized for minting .Soul (Relation Profile Name) NFTs, regulated by the real-time conversion rate with ETH.

:ballot_box_with_check: By enabling the mint of .Soul
NFTs with REL tokens, this integration will enhance the use-case of our tokens and provides flexibility in payment options for users, thus boosting the desirability and utility of both .Soul NFTs as well as REL tokens.

:speech_balloon: Join the Discussion here:
RELP 1 - Integration of REL Tokens for Minting .Soul (Relation Profile Name)

Claim $REL Airdrop to be eligible for voting: https://airdrop.relationlabs.ai/

:currency_exchange: Exchange $REL on MEXC: 0.01948 | Trade REL/USDT Relation on MEXC Exchange

3 Likes
7

This is a proposal that would give $REL another important functionality, while also making the mint of.soul nft more flexible.

1 Like
8

i love this proposal. this just added more usecase to the REL token .

9

Excellent proposal.:+1::+1::100:

10

great idea. Rel pumppp