Idea/Project Title: NFTs for membership

Submission Date: x

Your Name: Deniz

Discord Handle: dindindeniz#7788

Summary:

A radical shift from token-gating Protein Community membership to NFT gating.

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TL;DR

As our token will hit liquidity soon, I wanted to start a discussion on considering NFTs for membership and rethinking the utility value of the PRTN token. Please read the possible scenarios for the shifts that can happen with introducing an NFT for membership and leave your comments on which option you favour the most and why.

Backdrop:

Currently, we airdrop 5000 $PRTN to accepted members by membership screeners and expect them to connect their wallets to our Discord. There are nearly 500 PRTN token holding wallets and only 260 are connected to our Discord.

Why should we change this?

• Currently, 500 wallets have $PRTN tokens but only 298 have connected their wallets to our Discord.
• Some members lose interest after entering our Discord for various reasons and drop out from engagement. They keep the 5K $PRTN for a community they don’t engage with or are not even interested in.
• People might only be completing our membership application form to get 5K and sell it later.
• The wallets where 5K $PRTN sits are a threat to the token value when we hit liquidity.
• Our Guest Passes are not working correctly so we cannot rely on unlock-protocol. An idea that emerged from our Membership Team was that we first issue a guest pass that expires in a month to members who are selected and design a way for them to earn 5K PRTN.

So…

When considering the near future where token liquidity is a reality, this is a perfect time to discuss the utility of our token and discuss if we want to use NFTs for membership. Below is the summary of responses from the Miro board that was shared with you earlier.