0xfe226bca…c5b4sent to0xf790a5f5…1365·#18,426,293·view on Etherscan
First and foremost, thank you for your feedback, which helps us better understand the concerns raised in the proposal.
One very important point that everyone needs to understand is that we don't view giving 888 watches to the DAO as a success. In fact, it's quite the opposite; this represents the worst-case scenario in the proposal. Let me explain:
When we initially conceived this project three months ago, we calculated the expenses for production, development, and marketing to introduce the watches to the public and make them available for sale. Our conclusion was that if the DAO funded the production and marketing costs, while we would manage the sales, it wouldn't make sense for the DAO to sponsor it. Moreover, there would be no risk on our part if the watches didn't sell.
So, we explored a second option: we'd request sponsorship for production, marketing, and labor expenses and commit to returning the funds to the DAO. However, a problem arises with the payment process—how would the DAO receive the funds back? We considered creating an NFT, where people would need to purchase the NFT, and the funds would go directly to the DAO. The downside of this approach is that it would exclude non-crypto native buyers. Additionally, if we didn't sell all the watches, we'd face another situation with no risk on our part.
This led us to the third option we decided to pursue. We're asking for the budget required to cover Minimum Order Quantity (MOQ) production, labor, and shipping costs. In return, we plan to allocate some of these watches for marketing purposes, essentially using watches as part of the marketing budget instead of money. However, the decision about who should receive these watches remains open. While we could make that choice ourselves, we prefer to have the DAO make that decision. We will handle the physical distribution; simply tell us where in the world to ship them.
We have some influencers and YouTubers who are eager to review the watches. The DAO can choose to sponsor the project, and we will distribute the watches to the right individuals. This is an ongoing effort from our side. As an example, here's a review of a product from my brand on a YouTube channel with 2 million subscribers, and the video garnered 21,000 views: https://www.youtube.com/watch?v=iMpK8jDv9I8&t=42s
Our goal is to create a watch to sell, not to be distributed within the DAO. The distribution aspect serves as a marketing strategy. We are building a cc0 watch brand, with the intention of working on it for the long term. However, we cannot invest our own money in production if we do not have ownership of the brand; this exposes us to the risk of working for nothing. Nevertheless, we are convinced that we are working for a just and worthy cause.
If the project is funded, we will initiate pre-sales through our website, which is already online. We will accept various forms of payment, including crypto and fiat. If we manage to exceed the MOQ in pre-sales, we will produce more watches using our own budget. We will continue to promote the brand and generate sales. We will also produce more watches based on demand.
We will build the first cc0 watch brand!