I posted this in the ideas channel, and it was suggested that I write up a proposal, so here it is!
I propose deploying a cute, fun, and lovable HNY wrapper, at a 1:1,000,000 ratio.
These ‘Wrapped Honey Fractions’ would help provide new holders with an increased sense of ownership in the community, it addition to providing a fun way to collect and build-up HNY.
I am proposing the name HNY BEES, or BEES, because the idea of collecting bees to produce honey seemed like a fun twist on ‘stackin’ sats’.
It was inspired by YFI’s ‘woofy’ and SUSHI’s ‘meowshi’, which were originally developed to bring meme-token investors into DeFi. However, I thought this concept could be better used to make community contributions even more rewarding, allowing members to collect HNY in a cute and fun way.
Ownership and Snapshot abilities will be assigned to the 1Hive Aragon agent
(Am open to different name/character suggestions, if the community doesn’t like BEES!)
This was originally a project for my own use, but I realised it could be a fun way to help the community grow, as it can be a lot more meaningful to earn/acquire/hold multiple tokens, which may help increase engagement in the community.
At its peak, HNY reached over $1,300 a coin. As awesome as this is, the more that HNY grows, the harder it will make it for new members to acquire more than 1 coin without a considerable investment.
With less than one HNY, it’s easy to feel like your too small of a fish, or even too late, to be worth voicing an opinion - hence community participation may benefit from these fractional tokens, as new members can feel as they have a non-negligible stake in the community. If adopted by the wider community, this could also make bounties and the faucet more appealing for ALL users, as it would feel they are receiving more value for their time.
Expected duration or delivery date (if applicable):
The contract can be deployed once it has been reviewed by someone other than me. Despite it being a simple contract, I am not an experienced contract developer. I’ve tested it in a local environment, but review by a more experienced member of the community would be the safest bet.
If you want to help review the contract, please let me know!!