I apologize for starting another thread, but I needed to do so in order to link my proposal to Will’s Twitter thread.
I believe that the value now represented by AGLD would be best spent on driving development for holders of LOOT (and also holders of mloot, who could also play in the games being built.)
The entire value of our LOOT ecosystem depends on the utility that our tokens represent. In the case, utility is gaming options. A list of fantasy weapons is well suited to that. So our goal in distributing AGLD should be aligned with that; it should be to create the most utility in our ecosystem.
I don’t believe that issuing and air-dropping additional AGLD to all of the many holders of mloot will do anything to further that goal. This is because I don’t believe that it is ideally suited to be a token of governance in a gaming ecosystem. We want to form a bigger community, and we want everyone to have engagement and a say in the direction we evolve. If we use AGLD to meter out our votes, we will be putting control of our future into the hands of those who buy the most, by being able to spend freely on gas money to mint the most tokens.
The best solution for governance is through proof-of-engagement as a voting mechanism. People who are engaged in our system will have the most weight behind our votes.
I propose that we create a 2nd monetary unit in order to accomplish this. Let’s call it ASLV for the sake of argument. Let me explain why this will work better. Here is the way it could play out:
A DAO is formed to run our finances. AGLD is issued by this DAO to developers of new games in our gaming ecosystem, who agree to use AGLD and ASLV as their economic standard, and who impress us with their efforts in order to win our votes. The votes are cast with ASLV. The AGLD serves as their payment to motivate them to create and to follow the guidelines of our standards. The ASLV is issued to them as well, but this ASLV is issued to players of their games for achieving certain in-game milestones. The ASLV is then used to vote in the DAO in order to determine the direction of development of the ecosystem.
This has the advantage of separating out the currency with which we can hire talent, and the token we use for governance. Furthermore, it creates a governance token that is issued to the people who are most engaged in the community, and helps to keep voting out of the hands of speculators who have no ties at all to what we are doing.
In order to jump start the process, ASLV will have to initially be issued to everyone across the board, so that they can participate in voting. It should be issued, if possible, with a weight that favors original holders, but yet still issued to everyone, whether they hold LOOT or MLOOT.
Please help me flesh this idea out a little more if you like where I am going with it. Thank you for your time.