There are many derivatives that can be claimed from collected LOOT. Here are the proposals how to handle LOOT derivatives
- Do nothing, if there is a buyout in the future, the buyer will be able to claim them all
- Find all derivatives that have reasonable value, claim them and lock together with LOOT. Specific thresholds for claiming to be discussed on the forum.
- Find all derivatives that have reasonable value, claim them and auction off on Opensea with no reserve price. Specific thresholds for claiming to be discussed on the forum. Such auction could bring the project some publicity.
- Derivatives are not a big deal and prices change rapidly. Currently Genesis Mana seems to have a lot of value. Leave it for PhABC’s discretion to claim and sell derivatives. Derivatives that seem to be overpriced can be sold, others can be claimed and locked with LOOT. This gives FLOOT the agility to respond to market prices rapidly, but requires trust. It is expected that PhABC will take feedback from the forum into consideration.
You can find out more about familiars and FLOOT here: