title: Creating a NFTX Vault
Hereby I am proposing to create a NFTX (https://nftx.io/) vault for CityDAO citizenship NFTs. My arguments are,
OpenSea floor price is not really a floor price but the lowest price someone is willing to sell for. NFTX is the real floor price for an NFT, because you can immediately sell without the need of a buyer.
Unlike Opensea, NFTX is a decentralized exchange and it has a DAO. It is better aligned with what CityDAO wants to achieve.
Right now around 1K NFTs are stored in the treasury. NFTX is distributing commissions to the liquidity providers. So our treasury and the holders can have a passive income from SushiSwap pool.
Only disadvantage, NFTX contract is complex so it is consuming more gas than Opensea. For higher floor prices like 3-4 ETH this should not be a big issue.
Any comments and critics will be appreciated